Loading
in Industry, CA
Industry sits at the heart of LA County's commercial corridor, where investors often hold rental properties. Conventional loans work for owner-occupants and some investors who can verify W-2 income.
DSCR loans flip the script—they qualify you on the property's rent, not your paystubs. That matters in Industry, where many buyers juggle multiple investment properties.
Conventional loans deliver the lowest rates when you have solid credit and stable W-2 income. Lenders want tax returns, paystubs, and proof you can carry the mortgage.
You'll need 15-20% down for investment properties, sometimes 25% depending on credit. These loans cap at ten financed properties across your portfolio.
DSCR loans ignore your W-2 entirely. Lenders calculate the property's monthly rent divided by its mortgage payment—that ratio determines approval.
Most lenders want a 1.0 DSCR minimum, meaning rent covers the full payment. You'll put 20-25% down and pay rates 1-2% higher than conventional.
Conventional loans win on rate but lose on flexibility. You need clean tax returns showing enough income to qualify for every property you buy.
DSCR loans cost more upfront but let you scale without income limits. Self-employed buyers or those with complex returns often pay less total interest over time by closing deals conventional lenders reject.
Choose conventional if you're buying your first rental and have W-2 income that supports the debt. The rate savings add up over 30 years.
Go DSCR if you're self-employed, own multiple properties, or want to buy again in six months. Industry's rental demand supports strong DSCR ratios on well-priced properties.
Most lenders require 1.0 DSCR minimum at closing. If rent won't cover the payment, you'll need a larger down payment or different loan structure.
DSCR often closes in 15-20 days since there's no income verification. Conventional takes 25-35 days with full documentation review.
Yes. Conventional wants 6 months' reserves per property. DSCR lenders typically require 6-12 months depending on credit and down payment.
Absolutely. Many investors use DSCR to acquire quickly, then refinance to conventional after stabilizing income documentation.
Conventional covers both purchase and construction with one loan. DSCR lenders rarely finance ground-up builds—they want existing rental income.