Question 1

Can I use projected rent to qualify for an investor loan in Foster City?

Accepted Answer

Yes, DSCR loans qualify based on the property's rental income, not your personal income. Lenders use 75% of market rent in the calculation.

Question 2

What down payment do I need for a Foster City investment property?

Accepted Answer

Most lenders require 15-25% down for investor loans. Higher down payments unlock better rates and easier approval.

Question 3

How fast can I close on an investor loan?

Accepted Answer

DSCR loans typically close in 21-30 days. Hard money and bridge loans can close in 7-14 days when speed matters.

Question 4

Do investor loans have prepayment penalties?

Accepted Answer

Many investor loans carry prepayment penalties for 1-5 years. We shop lenders without penalties if you plan to refinance or sell soon.

Question 5

Can I finance a fix-and-flip property in Foster City?

Accepted Answer

Yes, hard money and bridge loans work for fix-and-flip projects. They allow renovation draws and close much faster than conventional loans.

Question 6

What credit score do I need for an investor loan?

Accepted Answer

Most programs require 680 minimum credit. DSCR loans sometimes approve at 660 with higher rates and larger down payments.

Investor Loans in Foster City: Finance Your Next Rental or Fix-and-Flip