Question 1

What is a DSCR loan in Beaumont?

Accepted Answer

A DSCR loan qualifies you based on your rental property's income rather than personal income. It divides the property's monthly rent by the mortgage payment to determine eligibility.

Question 2

What DSCR ratio do I need for Beaumont properties?

Accepted Answer

Most lenders require a DSCR of 1.0 or higher, meaning rent covers the mortgage payment. Some lenders accept ratios as low as 0.75 with compensating factors.

Question 3

Do I need to show tax returns for a DSCR loan?

Accepted Answer

No, DSCR loans do not require personal tax returns or income verification. Qualification is based entirely on the rental property's cash flow potential.

Question 4

Can I use a DSCR loan for multi-unit properties in Beaumont?

Accepted Answer

Yes, DSCR loans work for single-family homes, condos, and multi-unit properties. The rental income from all units counts toward your DSCR calculation.

Question 5

How much down payment is needed for a Beaumont DSCR loan?

Accepted Answer

Most DSCR lenders require 20-25% down for investment properties. Stronger credit and higher DSCR ratios may qualify for lower down payment options.

DSCR Loans in Beaumont, CA – Financing Based on Property Income, Not Yours