Question 1

What DSCR ratio do I need to qualify in Livingston?

Accepted Answer

Most lenders want a DSCR of 1.10 or higher. Some allow 1.0 with stronger credit or a larger down payment.

Question 2

Can I use projected rent instead of an existing lease?

Accepted Answer

Yes. Lenders accept a rent schedule from the appraisal when the unit is vacant. The appraiser determines market rent.

Question 3

Does my self-employment income affect this loan?

Accepted Answer

No. DSCR qualification is based entirely on the property's income. Your personal income docs are not reviewed.

Question 4

Can I buy a small multifamily property with a DSCR loan?

Accepted Answer

Yes. Most DSCR programs cover 1-4 unit properties. Some wholesale lenders go up to 8-10 units on portfolio programs.

Question 5

Are DSCR rates higher than conventional investment property rates?

Accepted Answer

Generally yes — DSCR is non-QM, so pricing carries a premium. Rates vary by borrower profile and market conditions.

Question 6

How long does a DSCR loan take to close in Livingston?

Accepted Answer

Typically 21-30 days. No income verification speeds things up, but appraisal turnaround in rural Merced County can add time.

DSCR Loans in Livingston, CA — Qualify on Rent, Not W-2s