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Investor Loans in San Fernando
San Fernando sits in a high-demand rental corridor. Properties here attract long-term tenants and healthcare workers from nearby medical centers.
Traditional banks turn down most investor deals. Non-QM lenders dominate this space with DSCR and bank statement programs.
Fix-and-flip buyers move fast in San Fernando. Bridge loans close in 7-14 days when properties need quick rehab work.
DSCR loans use property income, not yours. Lenders want 1.0+ debt service coverage and 15-25% down depending on credit.
No tax returns or pay stubs required. You qualify on rental income the property generates or comparable rent data.
Credit scores start at 620 for single-property buyers. Portfolio investors with multiple units need 660+ and bigger reserves.
Expect 6-12 months reserves per property. Lenders hold you to stricter standards than owner-occupied buyers.
SRK Capital accesses 200+ wholesale lenders. About 40 of them specialize in investor financing with varying appetites.
Hard money lenders fund distressed properties banks reject. Rates run 9-12% but you close in days, not weeks.
Portfolio lenders handle multi-unit deals differently. They price based on total portfolio performance, not individual properties.
Interest-only options exist for short-term holds. You pay less monthly but need a solid exit strategy within 5-7 years.
San Fernando investors split between buy-and-hold and flips. DSCR loans work for rentals while bridge loans fund rehab projects.
Most first-time investors underestimate reserves. Lenders want proof you can cover 6+ months of payments if the property sits vacant.
Your entity structure matters for portfolio growth. LLCs complicate some loan programs but make sense after 2-3 properties.
I steer clients toward lenders who understand Los Angeles County rental laws. Not all investor lenders know California compliance.
DSCR loans beat hard money for long-term holds. Rates run 2-3% lower and you avoid prepayment penalties after 12-24 months.
Bridge loans cost more but fund deals conventional lenders reject. Use them for distressed properties or tight closing timelines.
Bank statement loans work if you're self-employed buying rentals. They blend personal income verification with investment property analysis.
Hard money makes sense for fix-and-flip only. Holding costs eat profit fast at 10%+ rates with 2-3 point origination fees.
San Fernando rent control applies to buildings built before 1995. This affects cash flow calculations on older multifamily properties.
Proximity to Metro stations drives rental demand. Properties near the Orange Line extension see stronger tenant interest.
Many San Fernando homes need foundation or plumbing work. Budget extra for inspections on pre-1980 construction before committing.
Rental licenses and inspections vary by property type. Single-family homes face different requirements than 2-4 unit buildings.
Yes, DSCR loans fund 2-4 unit properties based on rental income. You need 20-25% down and 1.0+ debt coverage ratio.
Most hard money lenders close in 7-10 days. Expect 9-12% rates plus 2-3 points in fees.
No, most lenders accept personal name for 1-4 units. LLCs make sense for asset protection after multiple properties.
DSCR loans start at 620 for single properties. Portfolio deals with multiple units typically require 660+.
No lender offers true zero-down investor loans. Hard money requires 10-20% depending on after-repair value and experience.
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.