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Del Mar's coastal position and strong rental demand make it attractive for real estate investors. San Diego County's median household income of $102,285 supports stable tenant bases across the region.
The investment property market in Del Mar moves on fundamentals — cash flow, property condition, and tenant quality. Lenders focus on the property's income potential, not just the borrower's personal finances.
620
Minimum FICO
20–25%
Typical Down Payment
1.25
DSCR Target
30–45 days
Closing Timeline
Investor Loans in Del Mar
Investor loans in Del Mar start with a 620 FICO minimum, though 680+ is standard for better terms. Down payments run 20% to 25% on most properties, sometimes higher for non-owner-occupied rentals.
Your rental income is the centerpiece of qualification. Lenders use DSCR (debt-service-coverage ratio) — the property's annual net income divided by annual loan payments.
Local decision guide
Use this guide to connect investor loans eligibility, lender expectations, and local market factors before comparing payment options in Del Mar.
Del Mar's coastal position and strong rental demand make it attractive for real estate investors. San Diego County's median household income of $102,285 supports stable tenant bases across the region.
The investment property market in Del Mar moves on fundamentals — cash flow, property condition, and tenant quality. Lenders focus on the property's income potential, not just the borrower's personal finances.
Investor loans in Del Mar start with a 620 FICO minimum, though 680+ is standard for better terms. Down payments run 20% to 25% on most properties, sometimes higher for non-owner-occupied rentals.
California's investor-loan market splits between portfolio lenders (banks that hold loans) and correspondent lenders (who sell to investors). Portfolio lenders often have more flexible DSCR rules but slower timelines.
Closing timelines for investor loans run 30 to 45 days — longer than owner-occupied because underwriting digs deeper into rental history and property appraisals. Most lenders require a full year of tax returns and lease agreements.
Investor loans make sense in Del Mar when the property's rental income covers the mortgage payment with room to spare. A 1.25 DSCR means the property generates 25% more income than debt service — that's the cushion that keeps the investment safe.
The real advantage surfaces when you own multiple properties. Lenders can stack rental income across your portfolio to qualify for a new loan. A second Del Mar rental becomes easier to finance if your first property is cash-flowing strong.
Investor loans differ from owner-occupied mortgages in one critical way: the property's income, not your personal income, drives qualification. An owner-occupied conventional loan cares about your W-2s and tax returns.
The tradeoff is rate and terms. Investor loans typically run 0.375% to 0.75% higher than owner-occupied conventional rates. You pay for the lender's extra risk — the property could sit vacant, or tenants could default.
No-ratio financing is gaining traction for investors when current rents don't support standard DSCR thresholds. This approach lets lenders approve loans based on the property's potential rather than today's lease rate.
San Diego County's population of 3.28 million creates consistent tenant demand. Coastal communities like Del Mar attract renters willing to pay premium rates. That rental strength translates to better cash flow and easier qualification for investor loans.
Most lenders require 620 FICO minimum, but 680 or higher gets better rates and terms. Strong DSCR can offset a lower score if your reserves are solid.
Investor loans typically require 20% to 25% down. Non-owner-occupied properties may need 25% or more. Your down payment and reserves together signal your commitment to the lender.
DSCR is the property's annual net rental income divided by annual loan payments. A 1.25 DSCR means the property generates 25% more income than debt service. Lenders use it to confirm the property can sustain the mortgage.
Yes. Lenders can stack rental income across your portfolio. If you own two cash-flowing properties, both incomes count toward qualifying for a third loan.
Plan for 30 to 45 days. Investor loans take longer than owner-occupied because underwriting reviews leases, tax returns, and rental history in detail.