Question 1

What DSCR ratio do I need for a Chino investment property?

Accepted Answer

Most lenders require a minimum DSCR of 1.0, meaning rent equals the mortgage payment. Higher ratios like 1.25 typically qualify for better rates and terms.

Question 2

Can I use projected rent for a DSCR loan in Chino?

Accepted Answer

Yes, lenders accept rental appraisals showing market rent potential. You don't need existing tenants or lease agreements to qualify for the loan.

Question 3

Do DSCR loans work for fix-and-flip properties in Chino?

Accepted Answer

DSCR loans are designed for rental properties, not flips. Consider hard money or bridge loans for short-term fix-and-flip projects instead.

Question 4

How many Chino properties can I finance with DSCR loans?

Accepted Answer

There's no set limit since qualification doesn't use personal income. Many investors finance 5-10+ properties using DSCR loans for portfolio growth.

Question 5

Are DSCR loan rates higher than conventional mortgages?

Accepted Answer

Yes, rates are typically 1-2% higher than conventional loans. Rates vary by borrower profile and market conditions, plus your specific property metrics.

DSCR Loans in Chino: Financing for San Bernardino County Investment Properties