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DSCR Loans in Rocklin
Rocklin's rental market runs strong thanks to proximity to Sacramento tech employers and Folsom spillover. Most DSCR deals here target single-family homes near the Quarry Park or Stanford Ranch neighborhoods.
Placer County investors use DSCR loans to sidestep income documentation when their tax returns don't show the income their properties actually generate. The loan underwrites to the rent, not your 1040.
You need a DSCR of 1.0 or higher, meaning the rent covers the mortgage payment plus taxes and insurance. Most Rocklin properties hit 1.15-1.25 ratios without stretching rent assumptions.
Expect 20-25% down, 660+ credit, and six months reserves. No tax returns, no pay stubs, no employment verification—just an appraisal and a lease or market rent analysis.
DSCR loans live in the non-QM space, so you won't find them at Wells Fargo or Chase. We work with specialty lenders who price these deals daily based on DSCR ratio, credit tier, and loan size.
Rates run 1-2 points above conventional investment loans, but that spread tightens when your debt-to-income ratio would kill a traditional approval. Lenders care about the property's performance, not your Schedule C.
Rocklin investors often use DSCR loans when they own multiple rentals and their debt-to-income ratio blocks conventional financing. Your fifth property doesn't care that you maxed out DTI on properties one through four.
Get an appraisal with a rent schedule before you commit to the purchase price. Properties near William Jessup University or Sierra College rent well, but underwriters use market rent—not your optimistic Zillow estimate.
Bank statement loans qualify you on deposits, but DSCR loans ignore your income entirely. If the property works, you qualify—even if you're retired, self-employed, or showing losses on your K-1.
Hard money costs more but closes faster with higher leverage. DSCR loans balance reasonable rates with no-income underwriting, making them the long-term hold option for rental portfolios.
Rocklin's ADU-friendly zoning lets investors boost DSCR ratios by adding rental units. A garage conversion or backyard cottage can push a marginal 0.95 DSCR property over 1.1 with the additional rent.
Placer County appraisers use conservative rent comps, so don't assume your tenant's above-market lease will qualify you. Underwriters pull market rents from comparable properties, not your current lease agreement.
Most lenders require 1.0 minimum, meaning rent covers the full payment. Stronger rates kick in at 1.25 or higher.
Yes. The appraisal includes a market rent analysis based on comparable Rocklin properties. No tenant required at closing.
Absolutely. Duplexes and fourplexes often produce better DSCR ratios than single-family homes due to multiple rent streams.
Expect 1-2 percentage points higher. Rates vary by borrower profile and market conditions based on your credit and DSCR ratio.
Yes. Cash-out and rate-term refinances both work as long as the property hits minimum DSCR and you meet reserve requirements.
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.
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.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
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.