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San Diego is one of California's most active investor markets. Strong rental demand and limited housing supply keep cash flow potential high.
HousingWire flagged that Pennymac TPO just expanded its wholesale non-QM lineup — including DSCR and bank statement options. More lender competition means more program choices for San Diego investors.
620+
Min Credit Score
20-25%
Down Payment
21-30 Days
DSCR Close Time
None (DSCR)
Income Docs Required
7-14 Days
Hard Money Close
Investor loans are non-QM — lenders don't use your W-2 or tax returns to qualify you. They underwrite based on the property's income, your assets, or your business cash flow.
Most DSCR loans require a 620-660 credit score minimum. Expect 20-25% down on a purchase. The property's rent must typically cover 100-125% of the monthly debt payment.
Retail banks rarely touch investor non-QM deals. Wholesale lenders built these programs specifically for investment property scenarios.
At SRK CAPITAL, we work with 200+ wholesale lenders. We match your deal — single-family rental, small multifamily, or flip — to the lender whose guidelines fit best.
The biggest mistake investors make: assuming one loan type fits every deal. A long-term rental in Chula Vista calls for DSCR. A flip in North Park needs hard money or a bridge loan.
Reserve requirements catch people off guard. Many lenders want 6-12 months of PITIA (principal, interest, taxes, insurance, and association dues) in liquid reserves per property.
DSCR loans are the cleanest option for buy-and-hold rentals. No income docs — just the lease or market rent schedule. Hard money closes faster but costs more.
Bridge loans work when you need to move quickly before permanent financing is ready. Interest-only loans help with cash flow in the early years of a hold.
San Diego's coastal and urban submarkets — Mission Hills, North Park, Ocean Beach — attract strong long-term tenants. That rental stability helps DSCR ratios hold up under lender scrutiny.
Property values here are high. Investors buying multifamily or mixed-use often need jumbo-tier investor financing. Not every non-QM lender goes that high — lender selection matters.
Yes. DSCR loans qualify you based on the property's rent, not your personal income. The rent must typically cover 100-125% of the monthly debt payment.
Most investor loan programs require 20-25% down. Some lenders go lower for strong borrowers, but expect 25% as the standard for non-QM products.
Most non-QM investor programs start at 620. Better rates and terms typically kick in at 680 and above. Rates vary by borrower profile and market conditions.
DSCR loans typically close in 21-30 days. Hard money and bridge loans can close in 7-14 days when the deal is clean and docs are ready.
Yes. Many DSCR lenders finance 2-4 unit properties. Larger multifamily deals (5+ units) move into commercial lending territory with different guidelines.
Yes. Flip loans — hard money or bridge — are short-term with higher rates. Rental loans like DSCR are 30-year products designed for hold strategies.
Investor Loans in San Diego