Question 1

What DSCR ratio do I need for Apple Valley investment properties?

Accepted Answer

Most lenders require a minimum DSCR of 1.0 to 1.25. This means the rental income must equal or exceed the mortgage payment by 0% to 25%.

Question 2

Can I use DSCR loans for single-family rentals in Apple Valley?

Accepted Answer

Yes, DSCR loans work for single-family homes, condos, and multi-unit properties. The property must be used as a rental investment, not your primary residence.

Question 3

Do I need tax returns for a DSCR loan?

Accepted Answer

No, DSCR loans do not require tax returns, W-2s, or pay stubs. Qualification is based on the rental property's income potential, not your personal earnings.

Question 4

What down payment is required for Apple Valley DSCR loans?

Accepted Answer

Expect to put down 20% to 25% for investment properties. Higher down payments may secure better rates and terms from lenders.

Question 5

How long does DSCR loan approval take in Apple Valley?

Accepted Answer

Most DSCR loans close in 30 to 45 days. Working with an experienced broker can streamline the process and prevent delays.

DSCR Loans in Apple Valley: Financing Investment Properties Based on Rental Income