Loading
Loading
Yreka sits in Siskiyou County near the Oregon border. Rental demand here ties closely to healthcare, government jobs, and regional commerce.
For investors, that steady local tenant base matters. DSCR loans let the property's rent roll — not your tax returns — drive approval.
620–660
Min Credit Score
1.20 typical
Min DSCR Ratio
20–25%
Down Payment
Up to 30-year fixed
Loan Term
None (rent-based)
Income Docs Needed
DSCR Loans in Yreka
DSCR stands for Debt Service Coverage Ratio. Lenders divide the property's monthly rent by its total debt payment. A ratio of 1.0 means rent covers the mortgage exactly.
Most lenders want a DSCR above 1.20. Credit requirements typically start around 620 to 660. Down payments usually run 20 to 25 percent for investment properties.
Local decision guide
Use this guide to connect dscr loans eligibility, lender expectations, and local market factors before comparing payment options in Yreka.
Yreka sits in Siskiyou County near the Oregon border. Rental demand here ties closely to healthcare, government jobs, and regional commerce.
For investors, that steady local tenant base matters. DSCR loans let the property's rent roll — not your tax returns — drive approval.
DSCR stands for Debt Service Coverage Ratio. Lenders divide the property's monthly rent by its total debt payment. A ratio of 1.0 means rent covers the mortgage exactly.
Most local banks won't touch DSCR products. They're a wholesale lending specialty — you need a broker with access to non-QM lenders.
SRK CAPITAL works with 200+ wholesale lenders. That reach matters in a smaller market like Yreka, where property values and rent comps are tighter.
The challenge in Yreka is the appraisal. Non-QM lenders want a rent schedule — a market rent estimate from an appraiser. Thin comp data in small markets can slow that down.
Run your numbers before you make an offer. A property renting for $1,400 with a $1,300 PITI payment barely hits 1.0 DSCR. Most lenders will pass on that.
Conventional investor loans require full income documentation and cap you at 10 financed properties. DSCR has no such cap — it scales with your portfolio.
Hard money loans close faster but carry much higher rates and short terms. DSCR loans offer 30-year fixed options. That's better for long-term hold strategies.
Yreka has a small but consistent rental pool. Government and healthcare workers need housing. That gives investors a predictable tenant base for DSCR underwriting.
Lenders will scrutinize rent comps closely here. Make sure your property type has clear market rental data — single-family homes in Yreka will underwrite cleaner than niche property types.
Some lenders accept short-term rental income using platforms like AirDNA for market rent estimates. Not all lenders allow it — ask upfront.
Most want 1.20 or higher. Some lenders accept 1.0, but expect a higher rate or larger down payment at that level.
No. DSCR loans qualify you on the property's rent, not your income. Tax returns are not part of underwriting.
Yes. Most lenders cover 1-4 unit properties. Some go up to 8 units. Terms vary by lender and property type.
Plan for 20 to 25 percent down. A few lenders allow 15 percent for strong borrowers, but that's not common. Rates vary by borrower profile and market conditions.
Banks rarely offer DSCR products. A broker with wholesale access can shop multiple non-QM lenders and find one comfortable with Yreka's market.