Question 1

What DSCR ratio do I need to qualify in Lemoore?

Accepted Answer

Most lenders want a DSCR of 1.1 or higher. Some allow 1.0 with a stronger credit profile or larger down payment.

Question 2

Can I close the loan in an LLC?

Accepted Answer

Yes. Most DSCR lenders allow LLC vesting. This is one of the main reasons investors prefer DSCR over conventional investor loans.

Question 3

Do I need a tenant in place before applying?

Accepted Answer

Not always. Lenders may use an appraiser's market rent estimate if the property is vacant. A signed lease is stronger.

Question 4

Does a short-term rental qualify for DSCR?

Accepted Answer

Some lenders accept short-term rental income using platforms like Airbnb. Underwriting is stricter — lenders typically want 12 months of rental history.

Question 5

How much do I need to put down for a DSCR loan?

Accepted Answer

Most programs require 20–25% down. Some lenders allow 15% down with stronger ratios and credit scores.

Question 6

Are DSCR rates higher than conventional rates?

Accepted Answer

Yes. DSCR is a non-QM product and rates run higher than conventional. Rates vary by borrower profile and market conditions.

DSCR Loans in Lemoore, CA — Qualify on Rental Income