Question 1

What DSCR ratio do I need for a Montague rental property?

Accepted Answer

Most lenders approve at 1.0 DSCR, meaning rent equals the mortgage payment. Higher ratios get better rates—1.25+ often qualifies for premium pricing.

Question 2

Can I use projected rent for a vacant Montague property?

Accepted Answer

Yes, but only market rent from the appraisal counts. Your personal rent estimate doesn't matter for qualification purposes.

Question 3

Do DSCR loans work for properties I already own?

Accepted Answer

Yes, you can refinance existing Montague rentals with DSCR loans. Same qualification rules apply—property income must support the new loan payment.

Question 4

How long does DSCR approval take in rural Siskiyou County?

Accepted Answer

Plan 30-45 days from application to closing. Rural appraisals and property inspections add time compared to metro markets.

Question 5

Can I buy multiple Montague properties with DSCR loans?

Accepted Answer

Yes, up to lender portfolio limits, usually 10 financed properties. Each property qualifies independently based on its own cash flow.

DSCR Loans in Montague: Income Property Financing Without Tax Returns