Question 1

Do I need to show my income to get a DSCR loan in Aliso Viejo?

Accepted Answer

No personal income verification required. Lenders qualify the loan based on the property's rental income only.

Question 2

Can I buy a condo with a DSCR loan?

Accepted Answer

Yes, including non-warrantable condos. DSCR lenders often approve projects that conventional lenders reject.

Question 3

What DSCR ratio do I need to qualify?

Accepted Answer

Most lenders want 1.0 or above. Some allow below 1.0, but you'll pay a higher rate. Rates vary by borrower profile and market conditions.

Question 4

Can my LLC be on the title for a DSCR loan?

Accepted Answer

Yes. Most DSCR lenders allow LLC vesting with no issue. It's one of the reasons investors prefer this product for portfolio building.

Question 5

Does Airbnb rental income count toward DSCR?

Accepted Answer

Some lenders accept short-term rental income using platforms like Airbnb. You'll typically need 12 months of rental history to use it.

Question 6

How is DSCR different from a hard money loan?

Accepted Answer

Hard money is short-term bridge financing. DSCR gives you a long-term loan, often 30 years fixed, with no income documentation needed.

DSCR Loans in Aliso Viejo for Real Estate Investors