Question 1

What is a DSCR loan and how does it work in Saratoga?

Accepted Answer

DSCR stands for Debt Service Coverage Ratio. Lenders approve the loan based on rental income covering the mortgage — your personal income isn't the qualifier.

Question 2

How much do I need down for an investment property in Saratoga?

Accepted Answer

Most programs require 20-25% down on investment properties. Higher down payments can improve your rate and offset Saratoga's high price points.

Question 3

Can I use rental income to qualify for an investor loan?

Accepted Answer

Yes — DSCR loans are built exactly for this. The property's rent income is what lenders underwrite, not your W-2 or tax returns.

Question 4

What credit score do I need for an investor loan here?

Accepted Answer

Most non-QM investor programs want a 680 minimum. Scores above 720 unlock better rates. Rates vary by borrower profile and market conditions.

Question 5

How fast can an investor loan close in Saratoga?

Accepted Answer

Hard money and bridge loans can close in 7-14 days. DSCR loans typically take 3-4 weeks depending on the lender and file complexity.

Question 6

Do investor loans in Saratoga require tax returns?

Accepted Answer

Not always. DSCR and asset-based programs skip tax returns entirely. Bank statement loans may use 12-24 months of deposits instead.

Investor Loans in Saratoga, CA