Question 1

What down payment do I need for a Redwood City rental property?

Accepted Answer

Most lenders require 20-25% down on single-family rentals. Multi-unit properties often need 25-30% down, and rates vary by borrower profile and market conditions.

Question 2

Can I use projected rent to qualify if the property is vacant?

Accepted Answer

Yes. DSCR lenders use appraisal rent schedules to calculate income potential. You don't need current tenants in place to close the loan.

Question 3

Do I need to show tax returns for an investor loan?

Accepted Answer

Not with DSCR loans. Those programs qualify you purely on the property's rental income divided by the mortgage payment. Your personal income doesn't factor in.

Question 4

How many investment properties can I finance simultaneously?

Accepted Answer

Conventional lending caps at 10 financed properties total. Portfolio lenders go beyond that limit but charge higher rates and require larger reserves per property.

Question 5

What credit score do I need for Redwood City investor financing?

Accepted Answer

Most programs start at 620 credit. Scores above 700 unlock better rates and lower reserve requirements, especially on DSCR and portfolio loans.

Question 6

Can I use an LLC to purchase the investment property?

Accepted Answer

Yes. Most investor loan programs allow LLC ownership. You'll personally guarantee the loan and provide your credit profile for underwriting approval.

Investor Loans in Redwood City: Finance Your Silicon Valley Rental Properties