Question 1

Can I use projected rent if the property is vacant?

Accepted Answer

Yes. Lenders order a market rent appraisal that estimates fair market rent. That number determines your DSCR even with no tenant in place.

Question 2

Do I need an LLC to get a DSCR loan in Larkspur?

Accepted Answer

No, but most investors close in an LLC for liability protection. DSCR lenders allow personal or entity ownership without changing terms.

Question 3

What DSCR ratio do I need for best pricing?

Accepted Answer

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.

Question 4

How long does DSCR underwriting take?

Accepted Answer

Two to three weeks from application to clear-to-close. Faster than conventional since there's no income documentation to verify.

Question 5

Can I refinance a Larkspur rental into a DSCR loan?

Accepted Answer

Yes. Rate-and-term refis are common for investors pulling equity or eliminating income documentation from an old conventional loan.

DSCR Loans in Larkspur: Income Property Financing Without Tax Returns