Question 1

What DSCR ratio do I need to qualify in Cupertino?

Accepted Answer

Most lenders want 1.20 or above. Some go lower, but pricing gets worse. Cupertino rents often support strong ratios.

Question 2

Can I buy under an LLC with a DSCR loan?

Accepted Answer

Yes. Most DSCR programs allow LLC vesting. It's one reason investors prefer this product over conventional loans.

Question 3

Do I need to show personal income to get approved?

Accepted Answer

No personal income docs are required. The property's rental income drives the qualification — that's the point of DSCR.

Question 4

Can I use short-term rental income for my DSCR calculation?

Accepted Answer

Some lenders allow it using platforms like Airbnb. Check Cupertino's local rules first — short-term rentals face restrictions here.

Question 5

How much do I need to put down on a DSCR loan in Cupertino?

Accepted Answer

Expect 20-25% down. Higher loan amounts or lower DSCR ratios may require more. Each lender sets its own requirements.

Question 6

Are DSCR rates higher than conventional mortgage rates?

Accepted Answer

Yes, DSCR loans are non-QM and carry slightly higher rates. Rates vary by borrower profile and market conditions.

DSCR Loans in Cupertino: Qualify on Rental Income, Not Your W-2