Question 1

Can I use projected Airbnb income for DSCR qualification?

Accepted Answer

Most lenders require 12 months of actual rental history or use appraiser rental comps. New purchases rely on market rent analysis, not your projections.

Question 2

Do DSCR lenders allow cash-out refinancing in Big Bear?

Accepted Answer

Yes, up to 75% LTV on cash-out refinances. You need 12 months of ownership and the property must still hit minimum DSCR after the new loan.

Question 3

What happens if my DSCR is below 1.0?

Accepted Answer

Some lenders go to 0.75 DSCR with larger down payments and higher rates. Below that, you'll need co-borrower income or a different loan product.

Question 4

Are DSCR rates higher for short-term rentals?

Accepted Answer

Rates run 0.25-0.5% higher for STRs versus long-term rentals. Lenders price in the income volatility and management complexity of vacation properties.

Question 5

Can I buy multiple Big Bear properties with DSCR loans?

Accepted Answer

Most lenders cap at 10 financed properties total. Each new loan gets underwritten independently based on that property's DSCR and your credit profile.

DSCR Loans for Big Bear Lake Investment Properties