Question 1

What DSCR ratio do I need to qualify in Santa Maria?

Accepted Answer

Most lenders want a DSCR of 1.1 or higher. Some allow 1.0, but expect a rate bump and stricter terms.

Question 2

Can I use projected rent on a vacant property?

Accepted Answer

Some lenders accept a market rent estimate from the appraisal. Others require a signed lease. Ask before you close escrow.

Question 3

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

Accepted Answer

No. DSCR loans don't use personal income. The property's rent-to-payment ratio is what gets you approved.

Question 4

Does a Santa Maria short-term rental qualify for DSCR?

Accepted Answer

Some lenders allow STR income, but not all. Expect them to use 75% of projected gross revenue — not full nightly rate estimates.

Question 5

How much down payment do DSCR loans require?

Accepted Answer

Plan on 20-25% down. Some lenders go to 15% with stronger credit and a higher DSCR ratio.

Question 6

Can I close a DSCR loan in an LLC?

Accepted Answer

Yes. Most DSCR lenders allow LLC vesting. This is one of the few loan types that actually supports it cleanly.

DSCR Loans in Santa Maria, CA — Qualify on Rental Income