Loading
in Ross, CA
Ross attracts two distinct buyer types: families seeking primary residences and investors targeting high-end rental properties. Conventional loans serve owner-occupants buying their own homes. DSCR loans ignore your W-2 income entirely and qualify you based on rental cash flow alone.
The choice between these loans depends entirely on how you'll use the property. Conventional loans offer lower rates and better terms if you live there. DSCR loans work for investors who can't qualify conventionally or want to avoid personal income documentation.
Conventional loans require you to occupy the property as your primary residence. You'll need W-2s, tax returns, and proof of stable employment. Credit score minimums start at 620, but Ross pricing demands 740+ for competitive rates on jumbo amounts.
Down payment requirements sit at 5% minimum for primary residences. Your debt-to-income ratio can't exceed 50% in most cases. These loans deliver the lowest rates available because they carry less risk for lenders.
DSCR loans qualify you based on rental income divided by the mortgage payment. We don't pull tax returns or verify your job. The property must generate enough rent to cover its own debt, typically a 1.0 to 1.25 ratio depending on the lender.
Minimum down payment hits 20% for most programs. Credit scores need to reach 680 for approval. These loans work for investors with multiple properties, self-employed borrowers with complex returns, or anyone who can't document traditional income.
Occupancy rules create the biggest divide. Conventional loans require owner occupancy for at least one year. DSCR loans prohibit owner occupancy entirely—you cannot live in a DSCR-financed property. This makes the choice automatic based on your plans.
Rate spreads run 0.75% to 1.5% higher on DSCR loans. A conventional 30-year fixed might price at 6.5% while the same DSCR loan hits 7.5%. That gap narrows with larger down payments and stronger credit. Rates vary by borrower profile and market conditions.
Choose conventional if you're buying your primary residence in Ross. The rate advantage alone saves substantial money over 30 years. You'll also access lower down payment options and better loan terms across the board.
Pick DSCR if you're acquiring rental property and either can't document income traditionally or own multiple investment properties. These loans make sense when the rental income covers the higher rate. Many Ross investors use DSCR to scale portfolios without hitting DTI limits.
Yes through a refinance after one year of owner occupancy. You'll need to qualify conventionally at that point with full income documentation.
Most lenders want monthly rent at 100-125% of the total housing payment. We calculate this using market rent estimates or existing lease agreements.
Yes but you'll pay higher rates than primary residence pricing. Down payment increases to 10% minimum for second home classification.
Some lenders allow it with restrictions. We need documentation of Airbnb income history and local zoning approval for short-term use.
DSCR loans often close quicker since we skip employment and income verification. Conventional loans need more documentation which extends timelines.