Question 1

What does DSCR mean for a Greenfield rental?

Accepted Answer

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.

Question 2

Can I use a DSCR loan on a Greenfield duplex?

Accepted Answer

Yes. DSCR loans work on 1-4 unit properties. Lenders use the combined rent from all units to calculate your ratio.

Question 3

Do I need to be a California resident to apply?

Accepted Answer

No. DSCR lenders don't care where you live. They care where the property is and what it earns.

Question 4

What credit score do I need for a DSCR loan?

Accepted Answer

Most programs start at 620. Better scores get better rates. Above 700 puts you in the best DSCR pricing tiers.

Question 5

Can I do a cash-out refinance with a DSCR loan?

Accepted Answer

Yes. Many investors pull equity out of existing rentals using DSCR cash-out refis. The property still needs to meet the ratio requirement.

Question 6

Are short-term rentals eligible in Monterey County?

Accepted Answer

Some lenders accept short-term rental income using market data. Check local ordinances first — not all Monterey County cities allow them.

DSCR Loans in Greenfield, CA — Qualify on Rental Income