Question 1

What is a DSCR loan in Hesperia?

Accepted Answer

A DSCR loan qualifies you based on your investment property's rental income rather than personal income. It's ideal for investors buying rental properties in Hesperia without traditional documentation.

Question 2

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

Accepted Answer

Most lenders require a DSCR of 1.0 or higher, meaning rent covers the mortgage payment. Some programs accept 0.75 DSCR with larger down payments.

Question 3

Can I use a DSCR loan for a single-family rental in Hesperia?

Accepted Answer

Yes, DSCR loans work for single-family homes, condos, townhomes, and multi-family properties. The property must be used as an investment rental.

Question 4

Do DSCR loans require tax returns in San Bernardino County?

Accepted Answer

No, DSCR loans don't require tax returns or income verification. Qualification is based solely on the property's rental income versus the debt payment.

Question 5

How much down payment is needed for a DSCR loan in Hesperia?

Accepted Answer

Down payments typically start at 20% to 25% for DSCR loans. Larger down payments may help you qualify with a lower DSCR ratio or credit score.

DSCR Loans in Hesperia, CA – Finance Investment Properties by Rental Income