Question 1

Do I need to show tax returns for a DSCR loan in Loma Linda?

Accepted Answer

No. DSCR loans don't use personal income for qualification. The property's rent covers it.

Question 2

Can I use a DSCR loan to buy a condo near Loma Linda University?

Accepted Answer

Maybe — condos require warrantable project approval from the lender. Check condo eligibility before you go under contract.

Question 3

What DSCR ratio do lenders want for San Bernardino County properties?

Accepted Answer

Most lenders target 1.20 or above. Some programs allow 1.0, but expect a higher rate or larger down payment.

Question 4

Can I refinance an existing rental property with a DSCR loan?

Accepted Answer

Yes. Both rate-and-term and cash-out refinances are available. The property still needs to hit the lender's DSCR threshold.

Question 5

How fast can a DSCR loan close in Loma Linda?

Accepted Answer

Typically 21–30 days. Some lenders move faster. Appraisal turn times in San Bernardino County are the usual bottleneck.

DSCR Loans in Loma Linda: Finance Investment Property on Rental Income