Question 1

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

Accepted Answer

No. DSCR loans don't require personal tax returns. The property's rental income drives the qualification.

Question 2

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders want at least 680. Higher scores get better rates. Some lenders go to 660 with a larger down payment.

Question 3

Can I use projected rent to qualify, not current rent?

Accepted Answer

Yes. Lenders use the appraiser's market rent schedule if the property is vacant. Actual lease income is used when a tenant is in place.

Question 4

Does a Morgan Hill Airbnb qualify for DSCR financing?

Accepted Answer

Some non-QM lenders accept short-term rental income. You'll need STR history or a market analysis. Not every DSCR lender allows it.

Question 5

What is the maximum loan amount for a DSCR loan here?

Accepted Answer

Most non-QM DSCR lenders go up to $3M or more in Santa Clara County. Loan limits depend on the lender and your DSCR ratio.

Question 6

Can I buy under an LLC with a DSCR loan?

Accepted Answer

Yes. Many DSCR lenders allow LLC vesting. This is one of the few loan types where that structure is commonly accepted.

DSCR Loans in Morgan Hill: Qualify on Rental Income