Question 1

Can I use projected rent if the property is vacant?

Accepted Answer

Yes. Lenders use market rent from the appraisal, not your actual lease. If vacant, the appraiser determines market rent based on comparable rentals.

Question 2

Do I need tax returns for a DSCR loan?

Accepted Answer

No. DSCR loans don't require personal or business tax returns. Qualification is based entirely on the property's rental income versus the mortgage payment.

Question 3

What interest rate should I expect on a Portola Valley DSCR loan?

Accepted Answer

Rates vary by borrower profile and market conditions. Expect 1-2% above conventional investment rates, depending on credit, DSCR ratio, and down payment. Wholesale access improves pricing.

Question 4

Can I use a DSCR loan on a short-term rental property?

Accepted Answer

Some lenders allow it with higher DSCR requirements and documentation of short-term rental income. Most prefer traditional long-term lease structures for simplest approval.

Question 5

How long does DSCR loan approval take in San Mateo County?

Accepted Answer

Plan for 30-45 days. Appraisal and rent schedule verification add time compared to conventional loans. Complex properties or higher loan amounts may extend timelines further.

DSCR Loans in Portola Valley: Qualify Investment Properties on Rental Income Alone