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Del Rey Oaks sits in Monterey County where ag-tech investment is accelerating. Reservoir Farms just opened a 24-acre innovation hub in Salinas with 12 specialty crop robotics startups.
Monterey County's median household income of $94,486 supports rental demand across the county. Investor buyers here typically target properties in the $600,000 to $900,000 range, where cap rates remain solid and tenant pools are stable.
25%
Minimum Down Payment
680–700 FICO
Credit Score Floor
$994,750
2026 Conforming Limit
30–45 days
Typical Underwriting
6–12 months
Required Reserves
Investor Loans in Del Rey Oaks
Investor loans require 25% down minimum on most properties, sometimes 30% for cash-flowing rentals. Credit score floors sit at 680 to 700 depending on the lender and property type.
The conforming limit for 2026 is $994,750 in Monterey County. Above that, you'll need a jumbo investor loan, which carries stricter reserves and documentation. Most lenders want 6 to 12 months of reserves in the bank before closing.
Local decision guide
Use this guide to connect investor loans eligibility, lender expectations, and local market factors before comparing payment options in Del Rey Oaks.
Del Rey Oaks sits in Monterey County where ag-tech investment is accelerating. Reservoir Farms just opened a 24-acre innovation hub in Salinas with 12 specialty crop robotics startups.
Monterey County's median household income of $94,486 supports rental demand across the county. Investor buyers here typically target properties in the $600,000 to $900,000 range, where cap rates remain solid and tenant pools are stable.
Investor loans require 25% down minimum on most properties, sometimes 30% for cash-flowing rentals. Credit score floors sit at 680 to 700 depending on the lender and property type.
Investor lending in California has tightened since 2022. Retail banks and credit unions rarely compete on investor loans anymore — most volume flows through mortgage brokers and portfolio lenders.
Underwriting takes 30 to 45 days for investor loans, longer than owner-occupied. Lenders want recent tax returns, rental agreements, and proof of cash reserves.
Investor loans make sense in Monterey County when you're buying a second or third property and your primary residence is already locked in.
They don't pencil when you're stretching to buy a primary residence and treating it as an investment. Lenders will require 25% down, which is a real hurdle if you're also saving for a personal home.
Investor loans carry higher rates than owner-occupied conventional mortgages because lenders see rental income as less stable than W-2 wages. You'll also put 25% down instead of 5% to 10%, which ties up more capital upfront.
Owner-occupied loans let you put down less and get a lower rate, but you must live in the property for at least one year. If you're buying a duplex to live in one unit and rent the other, owner-occupied works.
Monterey County supervisors approved $9.5 million in road, park, and public-safety projects funded by Measure AA. That's infrastructure money flowing into the county, which strengthens long-term property values and tenant stability.
Navigator Charter Schools is launching three TK-12 campuses in 2026-27 across Salinas, Marina/Seaside, and Soledad/Greenfield. New schools draw families and increase rental demand in those areas.
Yes — 25% down is the standard minimum for investor loans. Some lenders go to 20% for strong borrowers with excellent reserves and FICO above 740. Below 25%, rates jump and approval odds drop. Call for your specific scenario.
Most lenders want 680 to 700 FICO minimum. Above 740, you'll see better rates and more lender options. Below 680, investor lending becomes very difficult. Recent late payments or collections will disqualify you regardless of current score.
Yes — but only if the rental income exceeds the mortgage payment by 25% or more (the DSCR threshold). Lenders want proof: lease agreement, 2 years of tax returns, and bank statements showing deposits. New rentals without history are harder to count.
DSCR financing requires the rental income to cover the mortgage by 25% or more. No-ratio financing skips that test — useful when rents are growing or the property is new.
Plan for 30 to 45 days. Investor underwriting is slower than owner-occupied because lenders verify rental income, reserves, and property condition more carefully. Having your tax returns and lease agreements ready before application speeds things up.