Question 1

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

Accepted Answer

Yes. DSCR loans qualify based on the property's rental income, not your W-2 or tax returns. Lenders use an appraisal rent estimate or signed lease to calculate debt coverage.

Question 2

How much down payment do I need for a rental property in San Bruno?

Accepted Answer

Most lenders require 20-25% down for single-family rentals and 25-30% for 2-4 unit properties. Hard money lenders may accept higher leverage for short-term fix-and-flip projects.

Question 3

What's the difference between DSCR and hard money loans?

Accepted Answer

DSCR loans are long-term financing for buy-and-hold rentals based on cash flow. Hard money provides short-term funding for flips at higher rates but closes quickly.

Question 4

Do San Bruno properties have rent control?

Accepted Answer

Some San Bruno properties fall under rent stabilization ordinances depending on age and type. Check with the city before buying to understand how rent control affects your investment.

Question 5

Can I finance multiple investment properties at once?

Accepted Answer

Yes. DSCR lenders don't count existing mortgages against your debt-to-income ratio like conventional loans do. Each property qualifies independently based on its own rental income.

Question 6

How fast can hard money loans close in San Bruno?

Accepted Answer

Hard money lenders can close in 7-10 days for cash offers on distressed properties. Expect rates of 10-12% with 6-12 month terms for fix-and-flip projects.

Investor Loans in San Bruno: Finance Rentals & Fix-and-Flips Near SFO