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in San Anselmo, CA
San Anselmo sits in one of California's most expensive counties. The loan you choose here has real consequences for approval, cash flow, and long-term strategy.
Conventional loans work for primary buyers with strong W-2 income. DSCR loans are built for investors who want to qualify on rental income alone.
Conventional loans are not government-backed. Lenders price them based on your credit score, debt-to-income ratio, and down payment.
In Marin County, conforming loan limits are high. That matters — staying under the limit keeps your rate lower than a jumbo product.
DSCR loans qualify you based on the property's rent versus its debt payment. If rent covers the mortgage, you can get approved — no tax returns needed.
This is a non-QM product. Rates run higher than conventional, but for investors with complex income, that tradeoff is often worth it.
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 San Anselmo.
San Anselmo sits in one of California's most expensive counties. The loan you choose here has real consequences for approval, cash flow, and long-term strategy.
Conventional loans work for primary buyers with strong W-2 income. DSCR loans are built for investors who want to qualify on rental income alone.
Conventional loans are not government-backed. Lenders price them based on your credit score, debt-to-income ratio, and down payment.
The biggest difference is how you qualify. Conventional lenders scrutinize your W-2s and tax returns. DSCR lenders look at the rental income on the property.
HousingWire flagged the 30-year fixed hitting 6.57% recently. At that rate, DSCR investors in San Anselmo need strong rents to hit a 1.0 coverage ratio — Marin rents are high, but so are purchase prices.
Buying a home to live in? Conventional is almost always the right call. Lower rate, lower down payment, and more loan program options.
Buying a rental in San Anselmo? DSCR is built for that. Especially if you're self-employed or already have multiple financed properties.
Yes, if the property will be rented. DSCR loans are for investment properties only — not primary residences.
Most lenders require 620 minimum. You'll get the best rates with a 740 or higher. Rates vary by borrower profile and market conditions.
No. That's the point. Qualification is based on the rental property's income, not your personal tax history.
Conventional loans almost always carry lower rates than DSCR. DSCR lenders charge more for the flexibility of skipping income docs. Rates vary by borrower profile and market conditions.
Yes. Many DSCR lenders allow LLC ownership. Conventional loans typically require the borrower to hold title personally.
Plan on 20-25% down. Some lenders go to 15%, but that usually means a higher rate and stricter DSCR requirements.