Question 1

What DSCR ratio do I need to qualify in Sand City?

Accepted Answer

Most lenders want 1.20 or above. Some allow lower with more equity down, but you'll pay for it in rate.

Question 2

Can I use Airbnb income for a DSCR loan here?

Accepted Answer

Some lenders accept short-term rental income at 75% of gross. Others require long-term leases. STR zoning in Monterey County must be confirmed first.

Question 3

Do I need to show tax returns for a DSCR loan?

Accepted Answer

No. That's the point. Lenders qualify the property, not you. No personal income docs or tax returns required.

Question 4

Can I close a DSCR loan in an LLC?

Accepted Answer

Yes. Most non-QM lenders allow LLC vesting. It's one reason investors prefer DSCR over conventional rental loans.

Question 5

How long does a DSCR loan take to close?

Accepted Answer

Typically 3-4 weeks with a clean appraisal. Non-QM underwriting can move fast when docs are ready upfront.

Question 6

What's the minimum down payment for a DSCR loan?

Accepted Answer

Plan for 20-25% down. Some lenders go to 15%, but the rate premium usually makes it not worth it.

DSCR Loans in Sand City, CA — Qualify on Rental Income