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Lompoc sits in Santa Barbara County between wine country and Vandenberg Space Force Base. That mix creates steady rental demand from military families and agricultural workers.
Investors here deal with lower price points than coastal Santa Barbara. That can mean stronger cash flow margins on buy-and-hold rentals.
660+ (620 on some)
Min Credit Score
20-25% typical
Down Payment
1.0+ to qualify
DSCR Threshold
10-14 days
Hard Money Close
Not required
Income Docs (DSCR)
Investor Loans in Lompoc
Investor loans are non-QM products. Lenders don't use your W-2 or tax returns to qualify you — they look at the property's income or your asset base instead.
Most lenders want a 660+ credit score and 20-25% down. Some DSCR programs go down to 620, but expect a higher rate and stricter reserve requirements.
Local decision guide
Use this guide to connect investor loans eligibility, lender expectations, and local market factors before comparing payment options in Lompoc.
Lompoc sits in Santa Barbara County between wine country and Vandenberg Space Force Base. That mix creates steady rental demand from military families and agricultural workers.
Investors here deal with lower price points than coastal Santa Barbara. That can mean stronger cash flow margins on buy-and-hold rentals.
Investor loans are non-QM products. Lenders don't use your W-2 or tax returns to qualify you — they look at the property's income or your asset base instead.
Most retail banks won't touch investor loans beyond basic conventional guidelines. That's why wholesale lenders matter — they build programs specifically for portfolio landlords and flippers.
At SRK CAPITAL, we run Lompoc deals across 200+ wholesale lenders. We find programs that fit your property type, whether that's a single-family rental or a small multifamily.
Lompoc flips need fast execution. Hard money and bridge lenders can close in 10-14 days. That speed is what wins deals, not the lowest rate.
For rentals, DSCR loans are the cleanest path. If the rent covers the mortgage — typically a 1.0+ DSCR ratio — most lenders will approve without touching your personal income.
Conventional investment property loans cap at 10 financed properties and require full income documentation. DSCR and hard money loans skip those limits entirely.
Interest-only investor loans lower your monthly payment, which helps cash flow in the short term. They make sense on appreciating assets where you're not focused on equity paydown.
Vandenberg Space Force Base is a significant factor. Military tenants tend to be reliable payers, and PCS cycles create consistent turnover — meaning steady leasing activity for landlords.
Santa Barbara County has strict zoning in many areas, but Lompoc's market is more accessible for small investors. Check ADU rules — some properties allow additional units that boost rental income.
No. DSCR loans qualify based on the property's rent versus the mortgage payment. Your personal tax returns stay out of the equation.
Most programs want 660+. Some go to 620, but you'll pay a higher rate and need more reserves.
Hard money lenders can close in 10-14 days. That's the product built for time-sensitive acquisition deals.
On DSCR loans, lenders focus on the subject property's income only. Portfolio lenders may consider your full rental income picture.
Expect 20-25% minimum on most programs. Fix-and-flip hard money may require less but charges higher rates.
Lenders look at market rents, not tenant type. But strong rental demand near Vandenberg supports your DSCR numbers.