Question 1

Can I use a DSCR loan to buy my first investment property in Fairfield?

Accepted Answer

Yes. DSCR has no requirement to own other properties. You need a qualifying credit score, down payment, and a property with sufficient rental income.

Question 2

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders require 620-680 minimum. Higher scores get better rates. Rates vary by borrower profile and market conditions.

Question 3

Does rental income have to be current or projected?

Accepted Answer

Lenders use an appraisal rent schedule if the unit is vacant. Existing leases can also be used. The stronger number usually wins.

Question 4

Can I do a cash-out refinance with a DSCR loan in Fairfield?

Accepted Answer

Yes. DSCR cash-out is available on investment properties. The property's rent must still cover the new, higher payment at the required ratio.

Question 5

Are DSCR rates higher than conventional rates?

Accepted Answer

Yes. DSCR is a non-QM product — expect rates above conventional investor pricing. Rates vary by borrower profile and market conditions.

Question 6

Can I use a DSCR loan for a short-term rental near Travis AFB?

Accepted Answer

Some lenders allow STR income; many don't. You need to target a lender with an explicit STR policy before applying.

DSCR Loans in Fairfield, CA — Qualify on Rental Income