Question 1

Can I use a DSCR loan to buy a rental in El Cajon?

Accepted Answer

Yes. If the rent covers the mortgage, most DSCR lenders will approve it. El Cajon's renter demand makes rent comp support straightforward.

Question 2

How much do I need to put down on an investment property?

Accepted Answer

Most investor loan programs require 20-25% down. Some hard money lenders go lower but charge higher rates.

Question 3

Do investor loans require tax returns?

Accepted Answer

DSCR and asset qualifier loans don't use tax returns. Qualification is based on property income or assets, not your personal income.

Question 4

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR programs start at 620. Better scores get better rates — aim for 700+ if possible.

Question 5

Can I get an investor loan after already owning multiple properties?

Accepted Answer

Yes. Non-QM investor loans don't cap at four financed properties like conventional loans do. Portfolio and DSCR lenders underwrite each deal separately.

Question 6

What's the fastest way to finance a flip in El Cajon?

Accepted Answer

Hard money loans close in days, not weeks. They're short-term and expensive — plan your exit before you borrow.

Investor Loans in El Cajon, CA