Question 1

Can I use a conventional loan for a Palm Springs vacation rental?

Accepted Answer

Yes, but lenders add pricing adjustments for investment properties. You'll also need to show personal income strong enough to qualify.

Question 2

What credit score do DSCR loans require?

Accepted Answer

Most DSCR lenders want a 660-680 minimum. Higher scores get better rates.

Question 3

Do DSCR loans allow short-term rental income?

Accepted Answer

Some lenders accept STR income using AirDNA or market rent data. Not all do — ask before assuming.

Question 4

Which loan closes faster in Palm Springs?

Accepted Answer

Conventional loans often close in 21-30 days. DSCR can match that pace since there's no income verification to chase.

Question 5

Can I have both a conventional and a DSCR loan at the same time?

Accepted Answer

Yes. DSCR loans don't show up in your conventional DTI calculation. That's exactly why investors use them to scale.

Conventional vs DSCR Loans in Palm Springs