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Larkspur's limited housing stock makes rental properties valuable assets. DSCR loans let you qualify based on rent potential, not W-2 income.
Marin County investors use DSCR financing to build portfolios without hitting conventional loan limits. Your property income does the talking.
Most Larkspur rentals generate strong cash flow relative to purchase price. DSCR lenders care about that ratio, not your 1040.
DSCR Loans in Larkspur
You need a DSCR of 1.0 or higher—monthly rent must cover the monthly mortgage payment. Most lenders want 1.1 to 1.25 for best rates.
Credit score minimum is typically 620, but 680+ unlocks better pricing. Down payment starts at 20%, 25% for single-family rentals.
The property can be occupied or vacant. Lenders use market rent appraisals if there's no tenant in place.
Local decision guide
Use this guide to connect dscr loans eligibility, lender expectations, and local market factors before comparing payment options in Larkspur.
Larkspur's limited housing stock makes rental properties valuable assets. DSCR loans let you qualify based on rent potential, not W-2 income.
Marin County investors use DSCR financing to build portfolios without hitting conventional loan limits. Your property income does the talking.
Most Larkspur rentals generate strong cash flow relative to purchase price. DSCR lenders care about that ratio, not your 1040.
DSCR is a non-QM product with 40+ active lenders in our network. Pricing and overlays vary wildly—some cap at $2M, others go to $4M.
Smaller portfolio lenders often beat the big shops on Marin County properties. They understand local rent dynamics better.
Rate spreads run 1.5-3% above conventional depending on DSCR, credit, and loan size. Shop aggressively—we see 0.75% swings between lenders on identical scenarios.
Larkspur investors often run into DSCR issues on older properties with lower rent ceilings. The numbers work better on duplexes and small multifamily.
We structure these as 30-year fixed or 5/6 ARMs. The ARM saves 0.5-0.75% upfront if you plan to refi or sell within five years.
Prepayment penalties are standard—typically 3-2-1 declining over three years. Factor that into your exit strategy before closing.
Conventional investor loans require tax returns and cap at 10 properties. DSCR has no portfolio limit and ignores your 1040 entirely.
Bank statement loans work for investors with business income. DSCR works for anyone with a rental property that cash flows.
Hard money makes sense for fix-and-flip. DSCR is for buy-and-hold investors who want 30-year terms and predictable payments.
Larkspur's proximity to San Francisco supports strong rental demand and premium rents. That DSCR cushion matters when rates move.
Marin County properties appraise conservatively. Expect lenders to use lower comps than you'd see on the MLS.
Rent control doesn't apply in Larkspur, but tenant protections are stronger countywide. Factor vacancy and turnover into your DSCR math.
Yes. Lenders order a market rent appraisal that estimates fair market rent. That number determines your DSCR even with no tenant in place.
No, but most investors close in an LLC for liability protection. DSCR lenders allow personal or entity ownership without changing terms.
1.25 or higher unlocks top-tier pricing. Below 1.1 you'll see rate add-ons of 0.25-0.75% depending on the lender.
Two to three weeks from application to clear-to-close. Faster than conventional since there's no income documentation to verify.
Yes. Rate-and-term refis are common for investors pulling equity or eliminating income documentation from an old conventional loan.