Question 1

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

Accepted Answer

Some lenders accept STR income history from Airbnb or VRBO. Others require long-term lease comparables. We match you with lenders who accept the income type your property generates.

Question 2

What DSCR ratio do I need to get approved?

Accepted Answer

Most lenders want 1.1 or higher. Some programs allow 1.0 with stronger credit or a larger down payment.

Question 3

Do Mammoth Lakes condos qualify for DSCR loans?

Accepted Answer

Some do, some don't. Condo project approval and HOA rental restrictions both affect eligibility. We check this early to avoid wasted time.

Question 4

How is DSCR different from a conventional investment loan?

Accepted Answer

Conventional loans use your personal income to qualify. DSCR uses only the property's rental income. No W-2s, no tax returns.

Question 5

Are DSCR rates higher than conventional rates?

Accepted Answer

Yes, typically. DSCR is non-QM, so rates run higher than conventional. Rates vary by borrower profile and market conditions.

Question 6

Can I buy a short-term rental in Mammoth Lakes with a DSCR loan?

Accepted Answer

Yes, if the property cash flows and holds a valid STR permit. Lender requirements on STR income vary, so lender selection matters.

DSCR Loans for Mammoth Lakes Investment Properties