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Willits sits in inland Mendocino County, away from the coast. That distance often means lower purchase prices and stronger rent-to-value ratios for investors.
DSCR loans skip your W-2 entirely. The property's rental income is what gets you approved — not your tax returns.
620
Min Credit Score
1.0x
Min DSCR Ratio
20–25%
Down Payment
None
Income Docs Required
30-Year Fixed
Loan Term Available
DSCR Loans in Willits
Most lenders want a DSCR of 1.0 or higher. That means the rent covers the full mortgage payment — principal, interest, taxes, and insurance.
Credit score minimums typically start at 620. Expect to put down 20-25% on most DSCR deals.
Local decision guide
Use this guide to connect dscr loans eligibility, lender expectations, and local market factors before comparing payment options in Willits.
Willits sits in inland Mendocino County, away from the coast. That distance often means lower purchase prices and stronger rent-to-value ratios for investors.
DSCR loans skip your W-2 entirely. The property's rental income is what gets you approved — not your tax returns.
Most lenders want a DSCR of 1.0 or higher. That means the rent covers the full mortgage payment — principal, interest, taxes, and insurance.
DSCR is a non-QM product. Most banks don't offer it. You need a broker with wholesale access to lenders who actually specialize in investor deals.
We work with 200+ wholesale lenders. Several focus specifically on DSCR in rural and secondary California markets like Willits.
Willits has a mix of residential rentals and rural properties. Lenders will scrutinize the appraisal's rent schedule closely — especially for non-standard properties.
Get a rent schedule from a local appraiser before you apply. That number drives your DSCR, which drives your approval. Don't guess at it.
Hard money loans close faster but carry higher rates and short terms. DSCR loans offer 30-year fixed options — far better for a long-term hold.
Bank statement loans require 12-24 months of deposits. DSCR skips personal income entirely. For investors, that's a cleaner path to approval.
Mendocino County has a limited appraiser pool. Appraisals on rural parcels can take longer and come in conservative. Build that into your timeline.
Properties with acreage, mixed-use elements, or non-standard structures may hit lender overlays. Not every DSCR lender will touch rural Mendocino County — but some will.
Most lenders require a 1.0 DSCR minimum. Some allow below 1.0 with a larger down payment.
Yes. Most DSCR lenders allow LLC vesting. This is one of the few loan types that makes that easy.
Some lenders accept Airbnb-style income with 12 months of rental history. Many do not — ask before you apply.
Some DSCR lenders exclude rural counties or cap acreage. We identify which lenders will lend in Willits specifically.
The loan itself moves at normal speed. Appraisal scheduling in rural Mendocino County is usually the bottleneck.
Yes. DSCR works well for 2-4 unit properties. Combined rent from all units counts toward your DSCR calculation.