Question 1

Can I use projected rent for DSCR qualification in Mariposa?

Accepted Answer

Yes. Lenders use an appraisal's market rent estimate to calculate your DSCR ratio. Actual leases strengthen your file but aren't required.

Question 2

Does conventional financing allow short-term vacation rentals?

Accepted Answer

Fannie Mae considers short-term rentals investment properties. You'll need 15% down and meet standard DTI requirements for approval.

Question 3

What DSCR ratio do lenders require in Mariposa County?

Accepted Answer

Most lenders want 1.0 or higher, meaning rent equals or exceeds the mortgage payment. Some accept 0.75 with larger down payments.

Question 4

Can I convert a conventional loan to DSCR later?

Accepted Answer

You'd refinance into a DSCR loan. This makes sense when you've hit the 10-property conventional limit or no longer want income verification.

Question 5

Which loan type closes faster in Mariposa?

Accepted Answer

DSCR often closes quicker since there's no employment verification. Conventional takes 30-45 days with full income documentation.

Conventional vs DSCR Loans in Mariposa: Which Fits Your Property Investment?