Loading
Loading
Seaside's rental market is heating up as Monterey County's ag-tech boom draws workers to the region. Navigator Charter Schools' proposal to open a Marina/Seaside campus in 2026-27 signals population growth.
DSCR loans let you qualify based on the property's income, not your personal income. That's the core advantage when you're buying a rental that'll generate cash flow. Rates available on application — no live pricing for this program at the time of generation.
620
Minimum FICO
20-25%
Typical Down Payment
1.0 or higher
DSCR Requirement
21-30 days
Typical Close
$994,750
2026 Conforming Limit
DSCR Loans in Seaside
DSCR loans require a minimum 620 FICO and typically 20-25% down. The property's debt-service coverage ratio — annual rental income divided by annual debt service — must hit 1.0 or higher.
Monterey County's median household income of $94,486 buys a modest owner-occupied home. But DSCR ignores your personal income entirely. A rental generating $3,000 monthly can support a $360,000 loan at 1.0 DSCR. That's the power of the program for investors.
Local decision guide
Use this guide to connect dscr loans eligibility, lender expectations, and local market factors before comparing payment options in Seaside.
Seaside's rental market is heating up as Monterey County's ag-tech boom draws workers to the region. Navigator Charter Schools' proposal to open a Marina/Seaside campus in 2026-27 signals population growth.
DSCR loans let you qualify based on the property's income, not your personal income. That's the core advantage when you're buying a rental that'll generate cash flow. Rates available on application — no live pricing for this program at the time of generation.
DSCR loans require a minimum 620 FICO and typically 20-25% down. The property's debt-service coverage ratio — annual rental income divided by annual debt service — must hit 1.0 or higher.
DSCR lending in California is dominated by portfolio lenders and private banks. Fannie Mae and Freddie Mac don't buy DSCR loans, so you won't find them at every retail bank. Brokers have access to a smaller, specialized network of DSCR-focused lenders.
Underwriting is faster than conventional because the lender cares only about the property's cash flow. No personal tax returns, no employment verification. Closing typically runs 21-30 days.
DSCR makes sense in Seaside when you're buying a rental that already has tenants or strong lease commitments. If the property generates $3,000+ monthly, DSCR will beat conventional because you skip personal income verification.
DSCR doesn't work if the property is vacant or the rental income is weak. A $500,000 rental generating only $1,500 monthly won't hit 1.0 DSCR. In that case, conventional with a personal co-signer is your only path.
Conventional loans require your personal income, tax returns, and W-2s. DSCR requires only the property's lease and rental history. If you're a W-2 employee with strong income, conventional may run 0.5% lower in rate.
Conventional also lets you owner-occupy and claim the property as your primary residence. DSCR is investment-only — the property must be a rental or commercial use. Pick DSCR for pure rental plays; pick conventional if you might live in the property later.
Reservoir Farms' ag-tech hub in Salinas is drawing 12 specialty crop robotics startups. That's 15 miles inland from Seaside, but it signals job growth across Monterey County. More jobs mean more renters looking for housing near Salinas and the coast.
Monterey County Supervisors approved $9.5 million in Measure AA road and park projects. Infrastructure investment supports property values and tenant stability. Investors buying rentals in Seaside benefit from county-level commitment to growth.
Yes. DSCR ignores your personal employment status entirely. The property's rental income is all that matters. Self-employed investors often find DSCR easier than conventional because you skip personal tax-return scrutiny.
Typically 20-25% down. Some lenders go as low as 15% for strong DSCR (1.5+), but expect tighter terms. Most investors plan on 20% to hit standard pricing and approval odds.
DSCR = annual rental income ÷ annual debt service (loan payment). A property generating $36,000 yearly rent with a $30,000 annual payment has 1.2 DSCR. Most lenders require 1.0-1.25 minimum. The higher the ratio, the stronger your application.
Yes. The lender needs proof of rental income — either an active lease, tenant agreement, or 12 months of rent history. Vacant properties don't qualify. If you're buying a turnkey rental, bring the lease signed by the tenant.
Typically 21-30 days. DSCR is faster than conventional because the lender skips personal income verification. You'll need the property appraisal, lease, and title work — but no tax returns or employment letters.