Question 1

Can I buy in an LLC with a DSCR loan in Santa Maria?

Accepted Answer

Yes. Most DSCR lenders allow LLC vesting. It's one of the main reasons investors prefer DSCR over conventional.

Question 2

How does a DSCR loan work?

Accepted Answer

The lender compares the property's gross rent to the mortgage payment. A ratio of 1.0 or higher typically qualifies.

Question 3

What credit score do I need for a hard money loan?

Accepted Answer

Many hard money lenders go down to 620 or lower. The deal quality and equity position matter more than credit.

Question 4

Can I use a DSCR loan for a short-term rental in Santa Maria?

Accepted Answer

Some lenders allow it using projected STR income. Not all do — lender guidelines vary significantly on this.

Question 5

How many investment properties can I finance with DSCR?

Accepted Answer

No hard cap. DSCR lenders underwrite each deal independently, unlike conventional loans that cap at 10 financed properties.

Question 6

What's a typical down payment for an investor loan here?

Accepted Answer

Plan on 20-25% for DSCR. Hard money lenders may require more, depending on the deal and your experience level.

Investor Loans in Santa Maria, CA