Question 1

What DSCR ratio do I need to qualify in Fairfax?

Accepted Answer

Most lenders require a 1.0 ratio minimum. Some allow below 1.0 with a larger down payment or stronger credit.

Question 2

Can I use short-term rental income for DSCR in Fairfax?

Accepted Answer

Some lenders allow it using AirDNA data. But Fairfax has STR restrictions — confirm local rules first.

Question 3

How much do I need to put down on a DSCR loan?

Accepted Answer

Expect 20-25% down for most programs. Lower down payments are rare and come with tighter DSCR requirements.

Question 4

Do DSCR lenders check my personal income at all?

Accepted Answer

No income verification is required. Lenders focus on the property's rent versus the total monthly payment.

Question 5

Are DSCR rates higher than conventional rates?

Accepted Answer

Yes. DSCR is a non-QM product and carries a rate premium. Rates vary by borrower profile and market conditions.

Question 6

Can I buy a multi-unit property in Fairfax with DSCR?

Accepted Answer

Yes. Multi-unit properties often produce stronger DSCR ratios. Combined rents from all units count toward coverage.

DSCR Loans in Fairfax, CA — Qualify on Rent, Not Your W-2