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Investor Loans in Pomona
Pomona attracts investors chasing cash flow and appreciation in LA County without coastal pricing. Multi-family properties and single-family rentals dominate investor activity here.
Proximity to transit corridors and CSU Pomona creates steady rental demand. Most investors we work with target 1-4 unit properties for long-term holds or value-add rehabs.
Investment property loans require 15-25% down depending on property type and your experience level. Lenders care about the property's income potential more than your W-2 earnings.
DSCR loans approve based on rent-to-payment ratio, usually 1.0 or higher. Credit scores start at 620 for most programs, 680+ unlocks better rates and terms.
Most bank portfolio lenders cap at 4-10 financed properties. Once you hit their limit, you need non-QM lenders who specialize in investor portfolios.
We access 200+ wholesale lenders including DSCR specialists, hard money shops for fix-and-flip, and bridge lenders for fast closings. Each handles different investor profiles and property conditions.
Pomona investors fall into two camps: cash flow buyers holding long-term, and fix-flip operators targeting distressed homes near the Metrolink stations. Each strategy needs different loan structures.
DSCR loans work for stabilized rentals with tenants in place. Hard money finances purchases needing rehab work. Don't use hard money if the property already rents—you'll pay 9-12% when DSCR rates sit at 7-8%.
DSCR loans close in 30 days with no income docs and approve on rent coverage. Hard money closes in 10 days but costs 3-5 points upfront plus higher rates.
Bridge loans fit when you need to close fast on a good deal, then refinance into long-term DSCR financing once the property stabilizes. Interest-only payments keep your cash flow positive during the hold period.
Pomona city inspections can delay closings if the property needs work. Lenders want clear rent rolls and completed repairs before funding DSCR loans on occupied properties.
Properties near the Fairplex or downtown Pomona see stronger appraisals than outlying areas. Lenders adjust LTV based on neighborhood—expect 75% LTV in weaker pockets, 80% near amenities and transit.
Expect 20-25% down for single-family rentals, 25% for 2-4 units. DSCR lenders occasionally offer 15% down with strong credit and cash reserves.
Yes, lenders use an appraiser's market rent opinion if the property sits vacant. The projected rent must cover 100-110% of the mortgage payment.
Non-QM DSCR lenders have no property count limits. Conventional loans through Fannie Mae cap at 10 financed properties total.
DSCR programs start at 620 credit. You'll get better rates and terms at 680+, and the best pricing requires 720 or higher.
DSCR loans require no income documentation. Hard money and bridge lenders care about equity and exit strategy, not your tax returns.
Hard money loans fund rehab projects in 7-14 days. Rates run 9-12% with 2-5 points upfront, and terms stretch 12-24 months.
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.