Question 1

What DSCR ratio do I need to qualify in Dos Palos?

Accepted Answer

Most lenders require 1.0 or higher. Some accept 0.75 with compensating factors like higher down payment or reserves.

Question 2

Can I use projected rent for a vacant property?

Accepted Answer

Yes. The appraisal includes a rent schedule showing market rents for comparable properties. Lenders use that figure to calculate DSCR.

Question 3

Do DSCR loans work for multi-family properties?

Accepted Answer

Yes, but 2-4 unit properties get higher rates than single-family homes. Lenders see them as riskier and price accordingly.

Question 4

How long does DSCR loan approval take?

Accepted Answer

Three to four weeks on average. Appraisals can add time in rural areas where appraiser availability is limited.

Question 5

Can I refinance a rental into a DSCR loan?

Accepted Answer

Yes. Cash-out refinances work if the property has enough equity and the DSCR ratio meets lender minimums.

DSCR Loans in Dos Palos: Finance Rentals Without Income Verification