Question 1

Can I use Airbnb income to qualify for a conventional loan in Mammoth Lakes?

Accepted Answer

Sometimes. Conventional lenders have strict rules on short-term rental income. DSCR lenders are far more flexible with STR cash flow documentation.

Question 2

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders want at least 660-680. Higher scores get better rates. Rates vary by borrower profile and market conditions.

Question 3

Do DSCR loans work for Mammoth Lakes condos?

Accepted Answer

Yes, but condo projects need lender approval. Warrantable condo rules apply. We check project eligibility before you go under contract.

Question 4

Is the down payment higher on a DSCR loan?

Accepted Answer

Typically yes. Most DSCR loans require 20-25% down. Conventional investment properties are similar, so the gap isn't huge.

Question 5

Which loan closes faster in Mammoth Lakes?

Accepted Answer

DSCR usually closes faster. No income verification means less back-and-forth. Conventional deals move quickly too when docs are clean.

Question 6

Can I use a DSCR loan for a property I plan to live in part-time?

Accepted Answer

DSCR is for investment properties only. If you'll occupy the home part of the year, ask us about second home conventional options instead.

Conventional vs DSCR Loans in Mammoth Lakes