Question 1

What DSCR ratio do I need to qualify in Monterey?

Accepted Answer

Most lenders require 1.0 or above. Some go down to 0.75 with a larger down payment and stronger credit.

Question 2

Can I use Airbnb income for a DSCR loan?

Accepted Answer

Some lenders accept short-term rental income with platform statements. Others require long-term leases — lender selection matters here.

Question 3

How much do I need to put down on a DSCR loan?

Accepted Answer

Expect 20-25% down for most DSCR loans. Lower DSCRs or higher-risk properties may require more.

Question 4

Do DSCR loans work for vacation rentals specifically?

Accepted Answer

Yes, but only with lenders who accept STR income. We know which wholesale lenders underwrite Monterey vacation rentals without issue.

Question 5

How is DSCR different from a conventional investment loan?

Accepted Answer

Conventional loans check your personal income and debt ratios. DSCR only looks at whether the property pays for itself.

Question 6

Can I refinance an existing Monterey rental with a DSCR loan?

Accepted Answer

Yes. Cash-out refinances are available. As long as the property's income supports the new payment, you can qualify.

DSCR Loans in Monterey, CA: Qualify on Rental Income