Question 1

What down payment do I need for a Downey rental property?

Accepted Answer

Most lenders require 20-25% down for single-family rentals. Multi-family properties often need 25-30% down, especially if you're buying multiple units.

Question 2

Can I use projected rent to qualify for an investor loan?

Accepted Answer

Yes, DSCR loans qualify you based on market rent or signed leases. Lenders order rental appraisals showing what the property should generate monthly.

Question 3

How fast can I close on a Downey fix-and-flip property?

Accepted Answer

Hard money lenders close in 5-10 days once you have an accepted offer. You'll need appraisal, scope of work, and contractor bids lined up quickly.

Question 4

Does Downey's rent control affect investor loan approval?

Accepted Answer

Yes, lenders reduce projected rental income on pre-1995 properties. Rent caps limit cash flow growth, which affects your debt service coverage ratio and loan amount.

Question 5

What credit score do I need for investor financing in Downey?

Accepted Answer

DSCR loans start at 640 credit for most lenders. Hard money and bridge loans focus more on property value and often approve with 600+ scores.

Investor Loans in Downey: Rental Property & Fix-and-Flip Financing That Works