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Investor Loans in Long Beach
Long Beach rental properties cash flow better than most coastal LA markets. You're looking at strong tenant demand from the port workforce, Cal State students, and families priced out of Orange County.
Investor loans let you scale past the 10-property Fannie Mae limit. Most of our Long Beach clients use DSCR products because the property income qualifies the deal, not your tax returns.
DSCR loans need the property to generate 1.0x to 1.25x its monthly debt payment in rent. No pay stubs, no W-2s, no tax returns showing business write-offs that kill your DTI.
Expect 15-25% down depending on credit and property type. Single-family rentals get better terms than 2-4 units. Credit minimums start at 660 for most programs, 620 for select lenders.
Portfolio lenders dominate this space because Fannie and Freddie don't buy most investor loans. We access 30+ non-QM shops that price these deals daily.
Rates run 1.5-3 points above conventional, but you're paying for flexibility. Some lenders cap at 4 properties, others go to 20. Knowing which warehouse line has capacity this month matters.
Most Long Beach investors mess up by buying properties that barely break even at current rents. DSCR lenders want 1.25x coverage on actual market rent, not your Zillow fantasy number.
The smart play is buying in neighborhoods where rents are climbing faster than coastal LA averages. Bixby Knolls and Cal Heights consistently outperform because tenant quality is higher and turnover is lower.
DSCR loans beat conventional when you own multiple properties or your tax returns show low income from write-offs. Hard money works for fix-and-flip, but rates hit 9-12% and you need an exit in 12 months.
Bridge loans make sense when you need to close fast on a deal, then refinance into DSCR after 6-12 months of seasoning. Interest-only payments help cash flow in year one.
Long Beach rent control applies to buildings built before 1978 with 2+ units. That caps your annual rent increases at 3-7% depending on CPI. DSCR underwriting accounts for this when calculating rental income.
Port jobs create stable demand, but economic cycles hit harder here than in tech-heavy LA neighborhoods. Lenders prefer properties near Cal State or in owner-occupant neighborhoods over downtown high-rises.
Most DSCR lenders need a signed lease or appraisal rent schedule. You can't use your own projections until a tenant is in place paying market rate.
Yes, but fewer lenders approve them and rates run higher. Warrantable condos only—no hotels, no short-term rental buildings, no litigation against the HOA.
No hard limit with portfolio lenders. We've closed clients with 15+ financed properties using DSCR programs that don't count toward conventional caps.
Some lenders go down to 1.0x with higher rates or larger down payments. Below that, you'll need to show personal income or increase your down payment.
Yes. DSCR cash-out programs let you pull equity without income docs. Expect 70-75% max LTV and 6-12 months of seasoning required after purchase.
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.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
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.
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.