Question 1

Can I use projected rental income for a Half Moon Bay DSCR loan?

Accepted Answer

Yes. Lenders accept market rent analyses for vacant properties. A local property manager's rent opinion or comparable rental data establishes qualifying income when no lease exists.

Question 2

Do DSCR loans work for vacation rentals in Half Moon Bay?

Accepted Answer

Some lenders accept vacation rental income with booking history and revenue documentation. Others require the property to qualify as a long-term rental regardless of your intended use.

Question 3

What DSCR ratio do I need for the best rates?

Accepted Answer

A ratio of 1.25 or higher typically qualifies for preferred pricing. Ratios between 1.0-1.24 still qualify but may carry rate adjustments. Some programs accept below 1.0 with higher down payments.

Question 4

Can I get a DSCR loan with multiple existing mortgages?

Accepted Answer

Yes. DSCR loans don't count against conventional loan limits. Each property qualifies independently based on its own rental income, allowing unlimited portfolio growth.

Question 5

How quickly can a Half Moon Bay DSCR loan close?

Accepted Answer

Most DSCR loans close in 21-30 days. Without employment verification or tax return review, processing moves faster than conventional loans once appraisal and title work complete.

DSCR Loans for Half Moon Bay Investment Properties: Income-Based Financing