Question 1

What credit score do I need for an investor loan in Morgan Hill?

Accepted Answer

Most programs start at 620. Better rates kick in above 700.

Question 2

Can I use rental income to qualify instead of my W-2?

Accepted Answer

Yes. DSCR loans qualify based on property cash flow. Your personal income is irrelevant.

Question 3

How fast can an investor loan close in Morgan Hill?

Accepted Answer

Hard money loans can close in 5-10 days. DSCR loans typically close in 2-3 weeks.

Question 4

How much do I need to put down on an investment property?

Accepted Answer

Plan for 20-25% down. Some programs require more depending on property type.

Question 5

Can I finance multiple properties at once in Santa Clara County?

Accepted Answer

Yes. Non-QM and portfolio lenders have no 10-property cap that limits conventional loans.

Investor Loans in Morgan Hill, CA