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Loma Linda draws steady rental demand from Loma Linda University and its medical center. That tenant base makes income projections more predictable for DSCR underwriting.
HousingWire flagged that Pennymac TPO just expanded its wholesale non-QM lineup to include DSCR loans. More lender competition typically means better pricing for investors.
620+
Min Credit Score
1.20x typical
Min DSCR Ratio
20%
Min Down Payment
None
Income Docs Required
21–30 days
Typical Close Time
DSCR stands for Debt Service Coverage Ratio. Lenders divide the property's monthly rent by its mortgage payment. A ratio of 1.0 means rent covers the payment exactly.
Most DSCR lenders want a ratio of 1.20 or higher. Credit score minimums typically start at 620. Expect to put at least 20% down on an investment property.
DSCR is a non-QM product. Not every lender offers it. Retail banks rarely touch these loans — wholesale lenders and private investors dominate this space.
At SRK CAPITAL, we shop DSCR programs across 200+ wholesale lenders. Rate and reserve requirements vary significantly from lender to lender on these deals.
The biggest mistake investors make: assuming any rental income qualifies. Lenders use the market rent from a third-party appraisal — not what your tenant currently pays.
Short-term rentals are trickier. Some lenders will use Airbnb income, but they discount it. If you're buying near the hospital for travel nurse rentals, confirm your lender's policy upfront.
Bank Statement loans also skip W-2s but qualify on your personal deposits. DSCR ignores your income entirely — the property qualifies itself.
Hard Money moves faster but carries higher rates and short terms. DSCR loans offer 30-year fixed options. For a buy-and-hold strategy, DSCR usually wins on cost.
San Bernardino County is one of the largest counties in the US by area. DSCR lenders treat it as a standard market — you won't hit the rural property restrictions that apply in some inland areas.
Loma Linda's medical campus drives housing demand year-round. Residents, fellows, and hospital staff all need housing. That occupancy consistency is exactly what DSCR underwriters want to see.
No. DSCR loans don't use personal income for qualification. The property's rent covers it.
Maybe — condos require warrantable project approval from the lender. Check condo eligibility before you go under contract.
Most lenders target 1.20 or above. Some programs allow 1.0, but expect a higher rate or larger down payment.
Yes. Both rate-and-term and cash-out refinances are available. The property still needs to hit the lender's DSCR threshold.
Typically 21–30 days. Some lenders move faster. Appraisal turn times in San Bernardino County are the usual bottleneck.
DSCR Loans in Loma Linda