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DSCR Loans in Suisun City
Suisun City investors use DSCR loans to finance rentals without showing tax returns or pay stubs. The property's rent covers the payment—your job income doesn't matter.
Most borrowers here are W-2 earners buying their second or third property. They have income but don't want to complicate approvals with employment verification.
DSCR works particularly well in Solano County where rental demand stays steady from Travis Air Force Base personnel. Properties that pencil at market rent get approved fast.
You need a DSCR of 1.0 or higher—meaning monthly rent covers monthly mortgage payment. Some lenders approve at 0.75 with higher rates.
Minimum 620 credit score and 20% down for most deals. Expect 25% down if you're buying multiple properties simultaneously.
The property must appraise and show market-rate rent potential. Lenders order rent surveys to verify local comps, not just your pro forma.
DSCR lenders aren't banks—they're non-QM wholesale shops with different risk appetites. One approves 0.75 DSCR, another wants 1.25. Rate spreads hit 200 basis points between best and worst options.
Shopping matters more here than conventional loans. We check 15-20 DSCR lenders per deal because guidelines shift monthly and pricing isn't published.
Most lenders cap you at 10 financed properties. Some count this as your first investment loan, others as your tenth—documentation requirements change accordingly.
Half our Suisun City DSCR deals close at exactly 1.0 ratio. Borrowers buy the property they want, not the one that hits 1.25. Lower DSCR costs 0.5-0.75% more in rate.
The rent survey kills deals more than credit scores. If appraisers can't find three comparable rentals, lenders won't approve. Condos and unique properties struggle here.
Cash-out refinances work differently than purchases. Most lenders want six months of ownership before pulling cash out, even if DSCR supports it immediately.
Bank statement loans verify income, DSCR loans ignore it completely. If you show strong deposits, bank statements may price better. If income is complicated, DSCR simplifies everything.
Hard money works for properties needing renovation before tenants move in. DSCR requires rent-ready condition but costs 3-4% less in rate than hard money.
Conventional investor loans beat DSCR pricing by 1-2% but cap you at 10 properties and require full income documentation. DSCR lets you scale past 10 without employment verification.
Suisun City properties under $500K work best for DSCR because market rents hit 1.0 ratio naturally. Higher-priced homes need larger down payments to make the math work.
Proximity to Travis AFB affects rent assumptions. Properties within 15 minutes of base gates appraise with military rental comps that support higher DSCR calculations.
Solano County transfer taxes and Suisun City inspection requirements add $2,000-$3,000 to closing costs. Factor these into your DSCR calculation—some lenders include them in loan amount limits.
Lenders use market rent from appraisal, not actual lease. Property can be vacant at closing.
Yes, typically 6 months of PITIA per property financed. This includes the new purchase and existing mortgaged properties.
Cosmetic issues are fine. Anything affecting habitability requires hard money first, then refinance to DSCR.
Absolutely. Lower purchase prices mean lower payments, making 1.0 DSCR easier to hit with market rents.
Faster—usually 3 weeks total. No employment verification means fewer documents and quicker underwriting.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.