Question 1

Do I need to show personal income for an investor loan in Mission Viejo?

Accepted Answer

Not on a DSCR loan. The property's rental income qualifies the deal, not your W-2 or tax returns.

Question 2

Can I buy a condo as a rental with a DSCR loan?

Accepted Answer

Yes, but the HOA must meet lender guidelines. Non-warrantable condos require specific lenders willing to approve them.

Question 3

How many investment properties can I finance?

Accepted Answer

DSCR lenders typically have no cap. Conventional loans limit you to 10 financed properties total.

Question 4

What credit score do I need for an investor loan?

Accepted Answer

Most DSCR lenders start at 620. Better pricing kicks in at 680 and above. Rates vary by borrower profile and market conditions.

Question 5

Can I use projected rent to qualify on a new purchase?

Accepted Answer

Yes. Most DSCR lenders accept an appraiser's rent schedule as the income basis for qualification.

Question 6

Are short-term rentals financeable with DSCR loans in Mission Viejo?

Accepted Answer

Some lenders allow it. But verify HOA rules first — most Mission Viejo HOAs prohibit short-term rentals entirely.

Investor Loans in Mission Viejo, CA