Question 1

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

Accepted Answer

Yes, but lenders use a short-term rental income analysis — not your actual booking history. The projected income must cover the debt service ratio.

Question 2

Do I need a Mono County STR permit before applying?

Accepted Answer

Most DSCR lenders require an active permit or proof of eligibility. Apply for the permit early — it can delay closing if missing.

Question 3

What down payment do investor loans require here?

Accepted Answer

Plan on 20-25% minimum. Some lenders go to 30% for condos or limited markets like Mono County. Rates vary by borrower profile and market conditions.

Question 4

Are there lenders who avoid Mammoth Lakes properties?

Accepted Answer

Yes. Rural resort markets get flagged by many wholesale lenders. We filter for those who actively lend in seasonal California markets.

Question 5

How long does it take to close an investor loan in Mammoth Lakes?

Accepted Answer

DSCR loans typically close in 21-30 days. STR income analysis and HOA review can add time — budget for 30-45 days to be safe.

Investor Loans in Mammoth Lakes, CA