Question 1

What DSCR ratio do I need to qualify in Lakeport?

Accepted Answer

Most lenders require a 1.0 DSCR minimum. Some go lower with 25-30% down.

Question 2

Can I use Airbnb income to qualify for a DSCR loan?

Accepted Answer

Some lenders accept short-term rental income. Others use the long-term market rent from the appraisal. Confirm this before choosing a lender.

Question 3

Do I need to show tax returns for a DSCR loan?

Accepted Answer

No. DSCR lenders qualify the property, not you personally. Tax returns are not required.

Question 4

Can I close a DSCR loan in an LLC in Lake County?

Accepted Answer

Yes. Most non-QM lenders allow LLC vesting. Expect a slightly higher rate than borrowing in your personal name.

Question 5

How does wildfire risk affect my DSCR loan approval?

Accepted Answer

Some lenders have overlays for high-risk fire zones. Higher insurance premiums also reduce your DSCR. Address both before applying.

Question 6

How is DSCR calculated on a rental property?

Accepted Answer

Divide the monthly gross rent by the full PITI payment. A ratio of 1.0 means rent exactly covers the payment.

DSCR Loans in Lakeport, CA — Qualify on Rent, Not W-2s