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DSCR Loans in Lancaster
Lancaster's rental market runs hot with aerospace workers, military families, and LA commuters. DSCR loans let you buy investment properties here without showing W-2s or tax returns.
Most lenders want 1.0 DSCR minimum—your monthly rent must cover the mortgage payment. Lancaster properties often hit that threshold because rents stay strong while prices remain lower than coastal LA.
You need 15-25% down depending on the lender and your credit score. Most require 680+ credit, though some go to 660 for higher rates.
The property must cash flow. Take projected monthly rent, divide by your PITI payment. That's your DSCR. Lenders use rental comps or an appraisal to verify rent estimates.
We work with 40+ DSCR lenders across our network. Each has different DSCR minimums, LTV caps, and rate structures—shopping this matters more than most loan types.
Some lenders allow 0.75 DSCR with larger down payments. Others max out at 80% LTV. A few will finance properties you already own to pull cash out for your next deal.
Lancaster works well for DSCR because rents hold steady but prices haven't exploded like coastal markets. That spread makes hitting 1.0 DSCR easier than trying this in Santa Monica.
Watch the appraisal. If the appraiser uses lower rent comps, your DSCR drops and you might need more down. We help clients prep comps ahead of time to avoid surprises at closing.
DSCR beats conventional investor loans if your tax returns show low income from write-offs. It beats hard money because you get 30-year terms instead of 12-month balloons.
Bank statement loans work if you own a business and need both rental and personal properties. DSCR is cleaner when you're only buying investments—simpler docs, faster close.
Lancaster attracts renters who work at Edwards Air Force Base and Palmdale aerospace plants. That tenant base stays stable even when broader markets shift.
Single-family rentals perform better here than condos. Most DSCR lenders prefer SFRs anyway, and Lancaster has plenty of 3-bed homes that rent to military families fast.
Yes. Lenders order an appraisal that includes a rent schedule based on comparable properties. That projected rent determines your DSCR.
Some lenders go down to 0.75 DSCR if you put more money down. We shop lenders who accept lower ratios for investors with strong credit.
Most lenders want 6-12 months of PITI in reserves. The exact amount depends on how many financed properties you own and your DSCR level.
Yes. Lenders will underwrite each unit's rental income separately. Multi-unit properties often hit DSCR targets easier than single-family homes.
We typically close in 21-30 days. No income verification speeds things up compared to conventional loans that need 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.