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in Fairfield, CA
These two loans serve completely different borrowers. One is built for homebuyers. The other is built for investors.
Fairfield sits at the intersection of Bay Area commuters and Solano County investors. Both groups need the right loan — and they're rarely the same loan.
Conventional loans follow Fannie Mae and Freddie Mac guidelines. Lenders verify your income, employment, and debt-to-income ratio.
You'll need at least a 620 credit score. Put down 20% and you skip private mortgage insurance entirely.
DSCR loans don't care what you earn. Lenders look at the property's rent relative to its monthly debt payment.
A DSCR of 1.0 means rent covers the mortgage. Most lenders want 1.1 or higher to approve the loan.
HousingWire flagged the 30-year fixed hitting 6.57% with applications dropping sharply. DSCR rates run higher than that. Know your number before you underwrite a deal.
Conventional loans cap out at conforming limits for Solano County. DSCR loans can go higher and close in an LLC — something conventional won't allow.
Buying a primary home in Fairfield? Conventional wins. Lower rate, lower down payment options, and easier long-term cost structure.
Picking up a rental near Travis AFB or a multifamily in central Fairfield? DSCR is likely your move — especially if your personal income doesn't tell the whole story.
No. DSCR loans are investment property only. For a primary residence, you need conventional, FHA, or VA financing.
Most DSCR lenders want a 680 minimum. Some go down to 660 with a higher down payment or stronger cash flow.
Yes. DSCR rates run above conventional rates. Rates vary by borrower profile and market conditions.
Yes. That's one of DSCR's biggest advantages over conventional. Most lenders accept single-member LLCs without issue.
Divide the monthly rent by the total mortgage payment. A $2,200 rent on a $2,000 payment gives you a 1.1 DSCR.
DSCR loans often close faster. No income verification means fewer documents and fewer underwriting conditions.