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in Larkspur, CA
Larkspur sits in one of California's most competitive real estate markets. Buyers and investors here need the right loan — not just any loan.
Conventional loans work for primary residence buyers with strong W-2 income. DSCR loans are built for investors who let rental income do the qualifying.
Conventional loans are not backed by any government agency. That means stricter qualification standards — but also fewer restrictions on property types and loan terms.
You'll need at least a 620 credit score, though most lenders in Marin want 700+. Down payments start at 3% for first-time buyers, 5% for everyone else.
DSCR loans qualify based on rental income, not your tax returns. If the property earns enough to cover its mortgage, you can get approved.
Most lenders want a DSCR of 1.0 or higher — meaning rent covers the payment. Strong Larkspur rental income can make this work even on high-priced properties.
Local decision guide
Use this comparison to weigh Conventional Loans and DSCR Loans through local payment fit, eligibility, documentation, and timing before choosing a path in Larkspur.
Larkspur sits in one of California's most competitive real estate markets. Buyers and investors here need the right loan — not just any loan.
Conventional loans work for primary residence buyers with strong W-2 income. DSCR loans are built for investors who let rental income do the qualifying.
Conventional loans are not backed by any government agency. That means stricter qualification standards — but also fewer restrictions on property types and loan terms.
The biggest difference is how you qualify. Conventional lenders dig into your W-2s, tax returns, and debt-to-income ratio. DSCR lenders look at the rent roll.
HousingWire flagged the 30-year fixed hitting 6.57% — that matters more for conventional borrowers than DSCR investors, who price deals on cash flow, not rate headlines. Rates vary by borrower profile and market conditions.
If you're buying a home to live in, conventional is almost always the better call. Lower rates and more program options make it the default for primary buyers.
If you're picking up a rental in Larkspur and your tax returns don't show enough income to qualify conventionally, DSCR is the tool. It's built for that exact situation.
Yes, as long as the property is investment use. DSCR does not work for primary residences.
Lenders require a minimum 620, but most Marin approvals come in at 700 or higher.
Typically yes. Most DSCR lenders want 20-25% down on investment properties.
Yes. DSCR loans allow LLC vesting, which most conventional loans do not.
Conventional rates run lower. DSCR is a non-QM product, so lenders price in more risk. Rates vary by borrower profile and market conditions.
Sometimes. Conventional guidelines allow rental income with a signed lease and appraisal support, but personal income still matters.