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Gonzales sits in Monterey County's Salinas Valley — ag-driven, workforce-dense, and underserved by conventional lenders.
Rental demand here is real. Farm workers, food processing employees, and service workers all need housing. That creates steady cash flow for investors.
620–660
Min Credit Score
1.0x
Min DSCR Ratio
20%
Min Down Payment
None
Income Docs Needed
30-yr fixed available
Loan Term Options
DSCR Loans in Gonzales
DSCR loans qualify you on the property's income — not your W-2 or tax returns. If the rent covers the mortgage, you can get approved.
Most lenders want a DSCR of 1.0 or higher. That means monthly rent equals or exceeds your total loan payment. Some lenders go below 1.0 with a larger down payment.
Local decision guide
Use this guide to connect dscr loans eligibility, lender expectations, and local market factors before comparing payment options in Gonzales.
Gonzales sits in Monterey County's Salinas Valley — ag-driven, workforce-dense, and underserved by conventional lenders.
Rental demand here is real. Farm workers, food processing employees, and service workers all need housing. That creates steady cash flow for investors.
DSCR loans qualify you on the property's income — not your W-2 or tax returns. If the rent covers the mortgage, you can get approved.
DSCR is a non-QM product. Most big banks won't touch it. You need a wholesale lender that specializes in investor loans.
SRK CAPITAL works with 200+ wholesale lenders. We find who's pricing Gonzales rentals aggressively — right now. Rates vary by borrower profile and market conditions.
Gonzales has smaller price points than Carmel or Monterey city. That makes the math easier — lower purchase price, lower debt service, easier DSCR to hit.
Watch the appraisal's rent schedule. Lenders use the appraiser's market rent number — not what your tenant actually pays. Make sure those numbers line up before you commit.
Hard money is faster but costs more. Bridge loans work for value-add plays. DSCR is your long-term hold option — 30-year terms, fixed rates available.
Bank statement loans verify your income. DSCR ignores it entirely. If your personal income looks complicated on paper, DSCR often closes cleaner.
Monterey County has strict zoning in many cities. Gonzales allows multi-family in key zones — confirm with the city before you write an offer.
Agricultural lease cycles affect tenant turnover in the Salinas Valley. Single-family rentals tend to hold tenants longer than small multifamily here. Factor that into your vacancy assumption.
Most lenders want 1.0 or above. Some allow below 1.0 with 25-30% down.
Yes. DSCR works on 1-4 unit properties. Confirm zoning in Gonzales before closing.
No. DSCR lenders use the property's rent income only. Your tax returns stay out of it.
Most start at 620-660. Higher scores get better rates. Rates vary by borrower profile and market conditions.
Plan for at least 20%. Some lenders require 25% on 2-4 unit properties.
Lenders use the appraiser's market rent estimate. A lease helps, but isn't always required.