Question 1

What down payment do I need for a Cerritos investment property?

Accepted Answer

Most investor loans require 20-25% down. Some portfolio lenders go to 15% for strong borrowers with multiple properties.

Question 2

Can I use projected rent for DSCR loan approval?

Accepted Answer

Yes, but lenders require a licensed appraiser's rent schedule. Your realtor's opinion doesn't count for underwriting.

Question 3

Do investor loans in Cerritos check my personal income?

Accepted Answer

DSCR loans skip personal income verification entirely. Approval depends only on the property's rental cash flow.

Question 4

How many investment properties can I finance in Cerritos?

Accepted Answer

Portfolio investor loans have no property count limits. Conventional loans cap at 10 properties total across all markets.

Question 5

What credit score do I need for Cerritos investor financing?

Accepted Answer

Minimum 660 for most programs. You'll see better rates and terms at 700+, best pricing above 740.

Question 6

Can I close an investor loan in under 21 days?

Accepted Answer

Hard money closes in 7-10 days for competitive offers. DSCR loans typically need 21-30 days for full underwriting.

Investor Loans in Cerritos: Financing for LA County Rental Properties