Question 1

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

Accepted Answer

No. DSCR loans qualify based on the property's rent versus the mortgage payment. Your personal tax returns stay out of the equation.

Question 2

What credit score do I need for an investor loan?

Accepted Answer

Most programs want 660+. Some go to 620, but you'll pay a higher rate and need more reserves.

Question 3

How fast can I close on a fix-and-flip in Lompoc?

Accepted Answer

Hard money lenders can close in 10-14 days. That's the product built for time-sensitive acquisition deals.

Question 4

Can I use rental income from other properties to qualify?

Accepted Answer

On DSCR loans, lenders focus on the subject property's income only. Portfolio lenders may consider your full rental income picture.

Question 5

What down payment do investor loans require?

Accepted Answer

Expect 20-25% minimum on most programs. Fix-and-flip hard money may require less but charges higher rates.

Question 6

Does the military rental market affect my loan options?

Accepted Answer

Lenders look at market rents, not tenant type. But strong rental demand near Vandenberg supports your DSCR numbers.

Investor Loans in Lompoc, CA — Built for Real Deals