Question 1

Can I use projected rent or do I need a signed lease?

Accepted Answer

Depends on the lender. Some accept appraisal rent schedules for vacant properties. Others require leases or 12-month rental history.

Question 2

What if my DSCR is 0.95 instead of 1.0?

Accepted Answer

A few lenders approve down to 0.75 DSCR with larger down payments. Expect higher rates and 30% down minimum.

Question 3

Do DSCR loans work for short-term rentals in Gustine?

Accepted Answer

Most DSCR lenders require 12-month leases. Short-term rental income needs specialized programs with different underwriting.

Question 4

Can I buy multiple Gustine rentals simultaneously with DSCR loans?

Accepted Answer

Yes. Each property qualifies independently based on its own cash flow. We've closed three properties for one investor in 60 days.

Question 5

How long does DSCR loan approval take in Merced County?

Accepted Answer

Plan 30-45 days. Rural appraisals take longer than urban markets. Clear title and fast tenants can speed the timeline.

DSCR Loans in Gustine: Qualify Investment Properties on Rental Income Alone