Question 1

Can I use projected rent for DSCR loan approval in Del Rey Oaks?

Accepted Answer

Yes, most DSCR lenders accept rent appraisals showing market rates for similar properties. The appraiser compares your unit to active rentals in Del Rey Oaks and nearby areas.

Question 2

Do investor loans require reserves in Monterey County?

Accepted Answer

Most lenders want 6-12 months of mortgage payments in reserves per property. Requirements increase if you own multiple rentals or the property needs repairs.

Question 3

Can I finance a fix-and-flip in Del Rey Oaks with an investor loan?

Accepted Answer

Hard money loans fund fix-and-flip projects based on after-repair value. You get purchase money plus rehab funds, then refinance or sell within 12-24 months.

Question 4

What's the minimum DSCR ratio lenders accept here?

Accepted Answer

Most lenders require 1.0 or higher, meaning rent covers the full payment. Some approve 0.75 ratios with larger down payments and strong credit.

Question 5

Can I buy multiple Del Rey Oaks properties with one loan?

Accepted Answer

Portfolio lenders finance 2-10 properties in one transaction. This works for experienced investors buying multiple units from the same seller or building a rental portfolio.

Investor Loans in Del Rey Oaks: Rental Property Financing That Works for Non-QM Scenarios