Question 1

Do I need to show personal income for a DSCR loan?

Accepted Answer

No. DSCR loans qualify using the property's rental income. Your W-2 or tax returns aren't part of the equation.

Question 2

How much down payment do investor loans require?

Accepted Answer

Most investor loan programs require 20-25% down. Some hard money lenders go higher depending on the deal.

Question 3

Can I use a DSCR loan for a fix-and-flip in Grand Terrace?

Accepted Answer

DSCR is built for rentals, not flips. For fix-and-flip projects, hard money or bridge loans are the right fit.

Question 4

What credit score do I need for an investor loan?

Accepted Answer

Most programs start at 620. Better pricing kicks in around 700+, especially on DSCR loan products.

Question 5

How fast can an investor loan close?

Accepted Answer

DSCR loans typically close in 2-4 weeks. Hard money and bridge loans can close in days when needed.

Question 6

Can I finance multiple properties with investor loans?

Accepted Answer

Yes. Non-QM investor loans don't cap at 10 financed properties like conventional loans do. Portfolio growth is the point.

Investor Loans in Grand Terrace, CA