Question 1

Can I use projected rent to qualify, or do I need an existing lease?

Accepted Answer

You can use market rent from the appraisal if the property is vacant. A signed lease helps, but it's not required to close.

Question 2

Do DSCR loans work for Tiburon condos or just single-family homes?

Accepted Answer

Most lenders do both. Condos require warrantable project approval, which adds a step in Marin County HOA-heavy buildings.

Question 3

What credit score do I need for a DSCR loan in Tiburon?

Accepted Answer

Minimum is typically 620. At Tiburon price points, you'll want 700+ to access the best jumbo non-QM pricing.

Question 4

Can I put the property in an LLC?

Accepted Answer

Yes. Many DSCR lenders allow LLC vesting — it's one of the reasons investors prefer this program over conventional financing.

Question 5

How does the lender verify my rental income?

Accepted Answer

They use the appraiser's rent schedule or your executed lease. Lenders take the lower of the two figures to calculate DSCR.

Question 6

Are Airbnb or VRBO rental projections accepted for DSCR qualification?

Accepted Answer

Rarely. Most DSCR lenders require long-term rental income only. Short-term rental markets like Tiburon require specialized lenders.

DSCR Loans in Tiburon: Finance Rental Property on Rental Income