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Fairfax is a small Marin County town with tight inventory and strong rental demand. Investors here face high acquisition costs but can command premium rents.
DSCR loans cut through the W-2 requirement entirely. The property's rent-to-payment ratio drives approval — not your tax returns.
660+
Min Credit Score
1.0x
Min DSCR Ratio
20-25%
Down Payment
None
Income Docs Needed
Non-QM / Investor
Loan Type
DSCR Loans in Fairfax
Most DSCR lenders want a ratio of 1.0 or higher. That means monthly rent equals or exceeds the full mortgage payment.
Typical requirements: 20-25% down, 660+ credit score, and a lease or market rent appraisal. No tax returns, no pay stubs.
Local decision guide
Use this guide to connect dscr loans eligibility, lender expectations, and local market factors before comparing payment options in Fairfax.
Fairfax is a small Marin County town with tight inventory and strong rental demand. Investors here face high acquisition costs but can command premium rents.
DSCR loans cut through the W-2 requirement entirely. The property's rent-to-payment ratio drives approval — not your tax returns.
Most DSCR lenders want a ratio of 1.0 or higher. That means monthly rent equals or exceeds the full mortgage payment.
Most retail banks don't offer DSCR loans. This is a non-QM product — meaning it lives outside conventional lending guidelines.
Wholesale lenders who specialize in investor loans carry these programs. Rate spreads between them are wide. Shopping matters here more than almost any other loan type.
In high-cost areas like Fairfax, the math on DSCR can be tight. A $900K purchase with 25% down still needs the rent to cover principal, interest, taxes, insurance, and HOA.
Run the numbers before you fall in love with a property. A market rent appraisal early in the process tells you exactly where your DSCR lands.
Bank Statement loans also skip W-2s — but they require 12-24 months of deposits and still look at your personal income. DSCR ignores you entirely and focuses on the property.
Hard money moves faster but costs more. DSCR rates are higher than conventional, but far lower than hard money. For a buy-and-hold in Fairfax, DSCR is usually the sharper call.
Fairfax has strict short-term rental rules. If your DSCR strategy depends on Airbnb income, verify local ordinances before locking a loan program.
Marin County properties often carry high property taxes and HOA fees. Both reduce your effective DSCR — lenders include them in the payment calculation.
Most lenders require a 1.0 ratio minimum. Some allow below 1.0 with a larger down payment or stronger credit.
Some lenders allow it using AirDNA data. But Fairfax has STR restrictions — confirm local rules first.
Expect 20-25% down for most programs. Lower down payments are rare and come with tighter DSCR requirements.
No income verification is required. Lenders focus on the property's rent versus the total monthly payment.
Yes. DSCR is a non-QM product and carries a rate premium. Rates vary by borrower profile and market conditions.
Yes. Multi-unit properties often produce stronger DSCR ratios. Combined rents from all units count toward coverage.