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Del Rey Oaks sits inside Monterey County — a market driven by military demand, tourism, and coastal appeal. Rental properties here tend to hold strong occupancy.
DSCR loans — which qualify you based on what the property earns, not your W-2 — are built for this kind of market. Strong rental income does the heavy lifting.
620+
Min Credit Score
1.0 (1.1+ preferred)
Min DSCR Ratio
20-25%
Down Payment
21-30 days
Typical Close Time
Non-QM / Investor
Loan Type
DSCR Loans in Del Rey Oaks
Lenders calculate your DSCR by dividing monthly rent by monthly debt payments. A ratio of 1.0 means the property breaks even. Most lenders want 1.1 or higher.
You'll typically need a 620+ credit score and 20-25% down. Some lenders go down to 0.75 DSCR if your credit and reserves are strong.
Local decision guide
Use this guide to connect dscr loans eligibility, lender expectations, and local market factors before comparing payment options in Del Rey Oaks.
Del Rey Oaks sits inside Monterey County — a market driven by military demand, tourism, and coastal appeal. Rental properties here tend to hold strong occupancy.
DSCR loans — which qualify you based on what the property earns, not your W-2 — are built for this kind of market. Strong rental income does the heavy lifting.
Lenders calculate your DSCR by dividing monthly rent by monthly debt payments. A ratio of 1.0 means the property breaks even. Most lenders want 1.1 or higher.
Most retail banks don't offer DSCR loans. This is a non-QM product, meaning you need a broker or a lender who specializes in investor financing.
At SRK CAPITAL, we work with 200+ wholesale lenders. We compare DSCR programs across multiple investors to find the best rate and terms for your deal.
The biggest mistake investors make: assuming the market rent is enough. Lenders use actual lease agreements or market rent surveys — not your projection.
Short-term rental income is trickier. Some DSCR lenders accept Airbnb-style rent schedules, but not all. Know your lender before you make an offer.
Bank Statement loans also skip W-2s, but they require 12-24 months of personal or business deposits. DSCR skips your income picture entirely.
Hard Money loans close faster but carry higher rates and short terms. DSCR loans offer 30-year fixed options — better for long-term holds in Monterey County.
Del Rey Oaks is minutes from Fort Cavazos — wait, that's Texas. This city borders Naval Postgraduate School and the Presidio of Monterey. Military renters create stable, consistent demand.
Monterey County's coastal draw keeps vacancy rates low. That helps your DSCR calculation stay healthy — which is exactly what lenders want to see.
Most lenders want a 1.1 DSCR or higher. Some go down to 0.75 with strong credit and reserves.
Some lenders accept STR income with a rental history report. Not all do — ask before you apply.
No. That's the point. Qualification is based on the property's rent, not your personal tax returns.
Expect 20-25% down. Some lenders require more depending on your credit score and DSCR ratio.
Yes. DSCR loans work for 1-4 unit and sometimes 5+ unit properties, depending on the lender.
Most DSCR loans close in 21-30 days. No income verification speeds up the process significantly.