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Benicia sits at the Carquinez Strait — a small city with tight inventory and steady rental demand from Vallejo and Fairfield spillover.
That rental demand matters for DSCR loans. Lenders approve you based on what the property earns, not your tax returns.
680+
Min Credit Score
1.0 (some at 0.75)
Min DSCR Ratio
20-25% typical
Down Payment
None
Income Docs Required
21-30 days
Typical Close Time
DSCR Loans in Benicia
DSCR stands for Debt Service Coverage Ratio. Lenders divide the property's monthly rent by the mortgage payment. A ratio of 1.0 or above typically qualifies.
Most lenders want a 680+ credit score and 20-25% down. No income docs, no employment verification — the deal lives or dies on the rent.
Local decision guide
Use this guide to connect dscr loans eligibility, lender expectations, and local market factors before comparing payment options in Benicia.
Benicia sits at the Carquinez Strait — a small city with tight inventory and steady rental demand from Vallejo and Fairfield spillover.
That rental demand matters for DSCR loans. Lenders approve you based on what the property earns, not your tax returns.
DSCR stands for Debt Service Coverage Ratio. Lenders divide the property's monthly rent by the mortgage payment. A ratio of 1.0 or above typically qualifies.
DSCR is a non-QM loan. Most banks don't offer it. You need a wholesale lender that specializes in investor products.
We work with 200+ wholesale lenders at SRK CAPITAL. Several have Solano County experience and competitive DSCR pricing for Benicia properties.
The biggest DSCR mistake I see: investors use projected rents, not actual leases. Lenders want a signed lease or an appraiser's rent schedule.
Benicia's smaller market means fewer comps. A solid rent schedule from the appraisal can make or break your DSCR number here.
DSCR beats conventional investor loans when your tax returns show low net income. Depreciation and write-offs hurt you on conventional — they don't matter here.
Hard money is faster but costs more. Bank Statement loans work if you're self-employed with strong deposits. DSCR is the cleanest option for buy-and-hold investors.
Benicia has a historic district, waterfront blocks, and a mix of SFRs and small multifamily. Each type prices differently for rent and appraisal.
Solano County's commuter base keeps vacancy low. That helps your DSCR ratio stay above 1.0 even when rates push payments higher.
Most lenders require 1.0 or higher. Some go down to 0.75 with a larger down payment and stronger credit.
Some lenders allow it using a 12-month rental history. Not all lenders accept STR income — you need the right wholesale source.
Expect 20-25% minimum. Some lenders go to 30% down for higher-rate or lower-DSCR scenarios.
No. Qualification is based entirely on the property's rent vs. the loan payment. Your employment status is not a factor.
Yes. DSCR works for 1-4 unit residential properties. Combined rent from all units counts toward your ratio.
Typically 21-30 days. The appraisal with rent schedule is usually the longest step — order it early.