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Lompoc rental properties qualify for DSCR loans based purely on property income. Your tax returns and W-2 never enter the conversation.
Vandenberg Space Force Base drives steady rental demand here. Military rotations and aerospace contractors create a reliable tenant pool that lenders recognize.
DSCR Loans in Lompoc
Lenders want a DSCR of 1.0 or higher—meaning rent covers the mortgage payment. Properties with ratios below 1.0 still qualify but cost more.
Expect 20-25% down payment minimums. Credit scores start at 660 for most programs, though 700+ unlocks better rates.
Local decision guide
Use this guide to connect dscr loans eligibility, lender expectations, and local market factors before comparing payment options in Lompoc.
Lompoc rental properties qualify for DSCR loans based purely on property income. Your tax returns and W-2 never enter the conversation.
Vandenberg Space Force Base drives steady rental demand here. Military rotations and aerospace contractors create a reliable tenant pool that lenders recognize.
Lenders want a DSCR of 1.0 or higher—meaning rent covers the mortgage payment. Properties with ratios below 1.0 still qualify but cost more.
DSCR lenders use rental appraisals to project income, not your actual lease. An appraiser's market rent estimate drives your loan amount.
Rate spreads between lenders hit 0.75% on these deals. We shop 200+ wholesale sources because this loan type has massive pricing variation.
Lompoc's lower price points work well with DSCR math. A $500K rental property needs less rent to hit 1.0 than a $900K Goleta property.
Vandenberg tenant pools mean lower vacancy risk in lender eyes. This often translates to better loan terms than comparable Central Coast markets get.
Bank statement loans verify your business deposits. DSCR loans ignore your income entirely and focus only on property performance.
Hard money makes sense for 6-12 month flips. DSCR loans fit rental holds with 30-year amortization and no prepayment penalties.
Old Town Lompoc and Mission Hills properties rent consistently to base personnel. Lenders see these addresses and understand the tenant demand.
Wine country tourism creates short-term rental interest, but most DSCR lenders require 12-month lease structures. Budget for traditional rental income calculations.
Yes. The appraiser estimates market rent regardless of occupancy. Lenders use that number to calculate your DSCR.
No. These loans don't require prior investment property ownership. First-time landlords qualify based on property income alone.
Stable rental demand from Vandenberg reduces lender risk. This can improve pricing compared to more volatile rental markets.
You can still get approved with ratios as low as 0.75. Expect higher rates and possibly larger down payments.
Absolutely. Cash-out refinances work too. The property just needs to generate enough rent to support the new loan.