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Investor Loans in Loomis
Loomis attracts investors looking for stable rentals near Roseville and Auburn. Properties here rent well to families working in tech and healthcare.
Small-town feel with good schools means lower turnover. Most investors target single-family homes near downtown or along Taylor Road.
Fix-and-flip works here if you know vintage housing stock. Older homes near the railroad district need renovation but sell fast when updated.
DSCR loans dominate here—we underwrite on rental income, not your W-2. You need property cash flow above 1.0 to qualify.
Most lenders want 20-25% down for single rentals. Portfolio buyers can sometimes get 15% down across multiple properties.
Credit floor sits at 620 for DSCR, 660 for better rates. We've closed deals with investors holding six mortgages already.
Hard money works for fix-and-flip when you're moving fast. Expect 8-12% rates and 12-month terms on those.
We work with 40+ non-QM lenders who specialize in investor financing. Most approve DSCR loans in 3-4 weeks.
Local portfolio lenders rarely beat our wholesale pricing. Credit unions here focus on owner-occupied, not investment properties.
Rate spreads between lenders hit 75-100 basis points on the same deal. Shopping multiple lenders matters more for investors than regular buyers.
Some lenders cap you at four financed properties. Others go to ten. We match your growth plan to the right capital source.
DSCR beats conventional for most Loomis investors. You skip tax return scrutiny and qualify purely on rent rolls.
I tell clients to buy rent-ready first. Lenders hate funding major rehabs without hard money structure and experience.
Cash-out refis work great here after 6-12 months of ownership. Pull equity to fund your next purchase without selling.
Interest-only options cut your payment 20-30% in year one. Use that to build reserves or acquire faster.
DSCR costs 0.5-1.0% more than conventional but approves deals traditional lenders reject. Worth it if you're self-employed or own multiple rentals.
Hard money runs 8-12% but closes in days. Use it for auction purchases or properties needing immediate work.
Bridge loans work when you need 6-month funding between acquisition and renovation completion. Then refi to long-term DSCR.
Conventional investor loans cap at ten properties. DSCR and portfolio lenders let you scale past that ceiling.
Placer County appraisals take 2-3 weeks in Loomis. Fewer comps here than Roseville, so appraisers pull from Penryn and Granite Bay sometimes.
Short-term rental rules matter. Loomis allows them but neighbors complain fast. Verify zoning before buying for Airbnb plans.
Water and septic issues pop up on older lots. Lenders require well tests and septic inspections before funding.
Property insurance costs more after recent fire seasons. Budget an extra $200-300 monthly compared to five years ago.
Yes. DSCR lenders typically allow 10+ financed properties and underwrite each deal independently on cash flow.
Plan on 20-25% down for single properties. Portfolio deals sometimes qualify at 15% down across multiple acquisitions.
Hard money closes in 7-10 days typically. DSCR loans take 3-4 weeks if property is rent-ready.
No. DSCR qualification uses property rent vs. mortgage payment only, skipping personal income documentation entirely.
DSCR loans start at 620 credit. You'll get better pricing above 680 and best rates at 720+.
Yes. Most DSCR lenders accept appraisal rent schedules for vacant properties or new purchases.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.