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Coronado's rental market remains competitive for investors seeking stable cash flow. The county's median household income of $102,285 anchors affordability across San Diego, but investment properties here command premium prices tied to the island's...
Investment properties in Coronado typically require 20% to 25% down and strong debt-service coverage ratios. Lenders scrutinize rental income carefully—current rents must support the loan payment, property taxes, insurance, and maintenance reserves.
680 (700+ preferred)
Minimum FICO
20% to 30%
Down Payment
1.20 to 1.25 minimum
DSCR Requirement
30 to 45 days
Closing Timeline
Investor Loans in Coronado
Investor loans in Coronado typically require a 680+ FICO score, though 700+ is preferred. Down payments start at 20% and often run 25% to 30% for rental properties.
Your debt-service coverage ratio (DSCR) must clear the lender's threshold—usually 1.20 to 1.25. This means the property's annual rental income must be 20% to 25% higher than the annual loan payment plus expenses.
Local decision guide
Use this guide to connect investor loans eligibility, lender expectations, and local market factors before comparing payment options in Coronado.
Coronado's rental market remains competitive for investors seeking stable cash flow. The county's median household income of $102,285 anchors affordability across San Diego, but investment properties here command premium prices tied to the island's...
Investment properties in Coronado typically require 20% to 25% down and strong debt-service coverage ratios. Lenders scrutinize rental income carefully—current rents must support the loan payment, property taxes, insurance, and maintenance reserves.
Investor loans in Coronado typically require a 680+ FICO score, though 700+ is preferred. Down payments start at 20% and often run 25% to 30% for rental properties.
Investor loans in California are offered by portfolio lenders, credit unions, and some mortgage banks. Retail lenders rarely hold investor loans on their books—most sell to investors or portfolio lenders who specialize in rental properties.
Closing timelines for investor loans run 30 to 45 days, longer than owner-occupied mortgages. Lenders require current leases, rent rolls, and sometimes a property appraisal with rental comparables.
Investor loans make sense in Coronado when the property's rental income supports the debt-service coverage ratio. If current rents are strong relative to the purchase price, conventional investor financing pencils.
The island's high property values and limited rental inventory mean many investors face DSCR challenges. When standard qualification doesn't work, exploring no-ratio options or increasing the down payment is smarter than stretching the property's income...
Investor loans differ from owner-occupied mortgages in one critical way: qualification is tied to the property's income, not your personal income. An owner-occupied conventional loan relies on your job and credit.
Owner-occupied loans typically offer lower rates and require less down payment. Investor loans carry higher rates and stricter DSCR requirements because the lender's repayment depends entirely on tenant payments.
Coronado's rental market is shaped by its island location and limited housing stock. Demand from military families, tourists, and professionals seeking the Coronado lifestyle keeps rents competitive.
The island's schools, beaches, and proximity to Naval Base Coronado make it attractive to renters. These factors support rental rates and tenant retention, which directly impact your DSCR and loan qualification.
Most lenders require 680+ FICO, but 700+ is preferred. Investor loans are riskier than owner-occupied mortgages, so lenders compensate with stricter credit standards. A higher score improves your rate and terms.
Investor loans typically require 20% to 30% down. The exact amount depends on your DSCR, credit score, and the property's rental income. Stronger cash flow allows lower down payments; weaker cash flow may require 30% or more.
Debt-service coverage ratio is the property's annual rental income divided by annual loan payment plus expenses. Lenders require 1.20 to 1.25 DSCR minimum.
No. Investor loans qualify on the property's rental income, not your job. Lenders verify leases and rent rolls independently. Your personal income may help if the property falls short, but rental income is the primary qualification metric.
You'll need current leases, rent rolls, property tax statements, insurance quotes, and a recent appraisal. Lenders may request 2 years of tax returns and bank statements. The more documentation you provide upfront, the faster underwriting moves.