Question 1

Can I use rental income to qualify in Nevada City?

Accepted Answer

Yes. DSCR loans use the property's rent-to-mortgage ratio to qualify. Your personal income doesn't enter the equation.

Question 2

Do short-term rentals qualify for DSCR loans?

Accepted Answer

Some lenders allow STR income using Airbnb or VRBO history. Not all do — and Nevada City's STR permit rules matter here.

Question 3

How fast can an investor loan close in Nevada City?

Accepted Answer

Hard money and bridge loans can close in 7-14 days. DSCR loans typically take 21-30 days depending on documentation.

Question 4

Are investor loans available for fix-and-flip projects?

Accepted Answer

Yes. Hard money and fix-and-flip programs cover purchase plus rehab costs. They're structured for short-term holds and fast exits.

Question 5

Does wildfire risk affect investor loan approval?

Accepted Answer

It can. Some lenders restrict lending in high fire-hazard zones. Insurance availability also affects whether a deal pencils out.

Question 6

What credit score do I need for a Nevada City investor loan?

Accepted Answer

Most programs start at 680. Some hard money lenders go lower but offset that with higher rates and lower LTV.

Investor Loans in Nevada City, CA