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DSCR Loans in Huntington Park
Huntington Park's investor market runs on cash flow, not pay stubs. DSCR loans qualify you on rental income alone.
We close deals for landlords who own 5+ properties but can't show traditional income. The property pays for itself—that's what lenders care about.
You need a 1.0 DSCR minimum—monthly rent covers the mortgage payment. Most deals require 20-25% down and 640+ credit.
We calculate DSCR using market rent or existing lease agreements. Self-employed investors and portfolio builders use these loans to skip income documentation.
DSCR lenders price on risk: higher DSCR gets better rates. We shop 40+ non-QM lenders to find the best spread for your deal.
Rates run 1-2% above conventional. You pay for flexibility—no income verification, unlimited properties, fast closes.
Most Huntington Park investors miss deals because they max out conventional loan limits. DSCR loans have no cap—buy your 11th property same as your first.
We see landlords refinance rental portfolios into DSCR loans to pull cash out. Works when the property rents strong but your tax returns show losses from depreciation.
Bank statement loans require 12-24 months of deposits. DSCR skips that—just show the property rents for enough to cover debt.
Hard money costs 9-12% for 12 months. DSCR gives you 30-year fixed rates around 7-8% with no prepayment penalty after year one.
Huntington Park rents stay strong with proximity to downtown LA and Vernon industrial jobs. Lenders approve deals here when rent comps support a 1.0+ DSCR.
Watch property condition. DSCR lenders require standard appraisals—deferred maintenance kills deals. Most require properties to be rent-ready or tenant-occupied.
Yes. Most lenders use an appraiser's market rent opinion for vacant units. The appraisal report includes comparable rent data.
Expect 6-12 months of mortgage payments in reserves per property. Portfolio investors with strong DSCR sometimes get reduced requirements.
Yes. DSCR loans allow LLC ownership without seasoning requirements. Most investors prefer entity ownership for liability protection.
Some lenders go to 0.75 DSCR with larger down payments. Below that, you're looking at hard money or bringing more equity.
20-30 days for most deals. Faster than conventional because we skip income verification and employment checks.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.