Question 1

What DSCR ratio do I need to qualify in Mission Viejo?

Accepted Answer

Most lenders want 1.1 or higher. Some allow 0.75 with 25-30% down and strong credit.

Question 2

Can I use projected rent to qualify, not current rent?

Accepted Answer

Yes. Lenders typically use a market rent appraisal — actual lease not required for a purchase.

Question 3

Do HOA fees hurt my DSCR qualification?

Accepted Answer

They do. HOA dues are added to the payment in the ratio calculation. Budget for this upfront.

Question 4

Can I close a DSCR loan in an LLC in Mission Viejo?

Accepted Answer

Yes. Most DSCR lenders allow LLC vesting. It's one reason investors prefer this program.

Question 5

Are short-term rentals like Airbnb allowed on DSCR loans?

Accepted Answer

Some lenders allow it. They may use AirDNA rental data instead of a standard market rent appraisal.

Question 6

How fast can a DSCR loan close in Orange County?

Accepted Answer

Typically 21-30 days. No income verification speeds things up compared to conventional underwriting.

DSCR Loans in Mission Viejo — Qualify on Rental Income, Not Your W-2