Question 1

What DSCR ratio do I need to qualify in Santee?

Accepted Answer

Most lenders require a 1.0 ratio minimum. A ratio above 1.25 gets you better rates and more program options.

Question 2

Can I use projected rent to qualify for a DSCR loan?

Accepted Answer

Yes, but lenders use an appraisal-based rent estimate — not your projections. The appraiser sets the number.

Question 3

Do I need to be a California resident to get a DSCR loan on a Santee property?

Accepted Answer

No. DSCR loans are available to out-of-state investors. The property income drives the approval, not where you live.

Question 4

How is the down payment different from a standard investment loan?

Accepted Answer

Expect 20-25% down on most DSCR programs. Some lenders go to 30% for lower credit scores or DSCR ratios under 1.0.

Question 5

Can I do a cash-out refinance using DSCR on a Santee rental?

Accepted Answer

Yes. DSCR cash-out refis are common. Lenders typically cap LTV at 70-75% for cash-out on investment properties.

Question 6

Are DSCR loans available for multi-family properties in Santee?

Accepted Answer

Yes. Most DSCR programs cover 1-4 unit properties. Some lenders extend to 5-8 units under commercial DSCR terms.

DSCR Loans in Santee, CA — Qualify on Rental Income