Question 1

Can I use projected rent for a DSCR loan in Palm Desert?

Accepted Answer

Most lenders accept an appraisal with market rent analysis for vacant properties. Some require a signed lease if you're buying a tenant-occupied property.

Question 2

Do Palm Desert short-term rentals qualify for DSCR loans?

Accepted Answer

Yes, but lenders verify city permits and use conservative rent estimates. They often require 25% down and higher reserves due to vacancy risk.

Question 3

What credit score do I need for Palm Desert investor loans?

Accepted Answer

DSCR loans start at 640 credit. Hard money lenders go lower but charge premium rates and require more equity in the deal.

Question 4

How fast can I close on a Palm Desert investment property?

Accepted Answer

Hard money closes in 7-10 days. DSCR and portfolio loans take 30-45 days depending on appraisal and title work timelines.

Question 5

Can I finance multiple Palm Desert investment properties?

Accepted Answer

Yes. Portfolio lenders don't have the 10-property limit conventional loans do. Your borrowing power depends on cumulative DSCR across all properties.

Question 6

What down payment do fix-and-flip loans require in Palm Desert?

Accepted Answer

Hard money lenders typically require 20-30% down plus renovation reserves. They lend on after-repair value, not current condition.

Investor Loans for Palm Desert Income Properties — DSCR, Hard Money, and Portfolio Options