Question 1

What DSCR do I need for a San Bruno rental property?

Accepted Answer

Most lenders require 1.0 to 1.25 DSCR. A 1.0 means rent covers the full mortgage payment. Higher ratios unlock better rates.

Question 2

Can I use DSCR for a first investment property?

Accepted Answer

Yes. DSCR loans don't require prior landlord experience. Lenders focus on the property's rental income, not your history as an investor.

Question 3

Do DSCR lenders count HOA fees against my ratio?

Accepted Answer

Yes. HOA dues reduce your net rental income. A $600/month HOA cuts into your DSCR the same as a higher mortgage payment would.

Question 4

How long does DSCR loan approval take in San Bruno?

Accepted Answer

Expect 3-4 weeks from application to closing. No tax return verification speeds the process compared to traditional investor loans.

Question 5

What down payment do DSCR loans require?

Accepted Answer

Plan for 15-25% down. Higher down payments improve your rate. Some lenders go to 15% at 1.25+ DSCR with strong credit.

DSCR Loans in San Bruno: Rental Income Gets You Approved