Question 1

Do I need to show tax returns for a DSCR loan in Guadalupe?

Accepted Answer

No. DSCR loans skip personal income docs entirely. The property's rent covers qualification instead.

Question 2

What DSCR ratio do lenders require?

Accepted Answer

Most lenders want 1.0 or above. Some go lower with 25-30% down — it depends on the lender.

Question 3

Can I use a DSCR loan for a duplex or triplex in Guadalupe?

Accepted Answer

Yes. DSCR works on 1-4 unit properties and some 5+ unit deals. Lender programs vary.

Question 4

How is rent calculated if the property is vacant?

Accepted Answer

Lenders use a market rent appraisal. An appraiser estimates fair market rent based on comparable rentals nearby.

Question 5

Are DSCR rates higher than conventional mortgage rates?

Accepted Answer

Yes, typically. Non-QM pricing runs higher than conventional. Rates vary by borrower profile and market conditions.

Question 6

Can I hold the property in an LLC with a DSCR loan?

Accepted Answer

Many non-QM lenders allow LLC vesting. This is one of DSCR's real advantages over conventional investor loans.

DSCR Loans in Guadalupe, CA — Qualify on Rent, Not W-2s