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Greenfield sits in the Salinas Valley, surrounded by active agricultural land. That economic base creates steady rental demand from farm workers and local employees.
DSCR loans don't care about your W-2. They qualify you based on what the property earns — which suits Greenfield's landlord-friendly rental market well.
1.0 (most lenders)
Min DSCR Ratio
620–680
Min Credit Score
20–25%
Down Payment
Fixed or ARM
Rate Type
Up to 30 years
Loan Term
DSCR Loans in Greenfield
Most lenders want a DSCR of 1.0 or higher. That means monthly rent must at least equal the monthly mortgage payment.
Minimum credit score is typically 620 to 680, depending on the lender. Expect a 20-25% down payment on most DSCR deals.
Local decision guide
Use this guide to connect dscr loans eligibility, lender expectations, and local market factors before comparing payment options in Greenfield.
Greenfield sits in the Salinas Valley, surrounded by active agricultural land. That economic base creates steady rental demand from farm workers and local employees.
DSCR loans don't care about your W-2. They qualify you based on what the property earns — which suits Greenfield's landlord-friendly rental market well.
Most lenders want a DSCR of 1.0 or higher. That means monthly rent must at least equal the monthly mortgage payment.
DSCR is a non-QM product. Traditional banks rarely offer it. You need wholesale lenders who specialize in investor loans.
As a broker with access to 200+ wholesale lenders, we shop DSCR programs across the market. Rates vary by borrower profile and market conditions.
The biggest mistake I see: investors submit a deal with projected rents instead of actual lease agreements. Lenders want current, signed leases.
If your DSCR falls below 1.0, some lenders will still approve the loan — but expect a higher rate and larger down payment. Know your numbers before you apply.
Hard money loans close faster but carry much higher rates and short terms. DSCR loans offer 30-year fixed options — better for hold-and-rent investors.
Bank statement loans can work if you want to buy a primary residence and also invest. DSCR is strictly for non-owner-occupied rental properties.
Greenfield has a tight rental market tied to agricultural employment. Properties near King City Road and Highway 101 corridors tend to stay occupied year-round.
Monterey County property taxes and insurance affect your DSCR calculation directly. Higher carrying costs reduce your ratio — factor those in before you run the numbers.
DSCR is rent divided by your mortgage payment. A ratio of 1.0 means the property breaks even — above 1.0 means positive cash flow.
Yes. DSCR loans work on 1-4 unit properties. Lenders use the combined rent from all units to calculate your ratio.
No. DSCR lenders don't care where you live. They care where the property is and what it earns.
Most programs start at 620. Better scores get better rates. Above 700 puts you in the best DSCR pricing tiers.
Yes. Many investors pull equity out of existing rentals using DSCR cash-out refis. The property still needs to meet the ratio requirement.
Some lenders accept short-term rental income using market data. Check local ordinances first — not all Monterey County cities allow them.