Question 1

Can I use projected rent on a vacant Vacaville property?

Accepted Answer

No. Lenders require either current tenants with lease agreements or an appraisal showing market rent. Vacant properties need signed leases before closing.

Question 2

Do DSCR lenders count all my rental properties in Solano County?

Accepted Answer

They count the debt service on existing mortgages but don't cap how many properties you own. Unlike Fannie Mae, there's no 10-property limit.

Question 3

What DSCR ratio do I need for a Vacaville investment property?

Accepted Answer

Most lenders require 1.0 minimum, meaning rent covers all expenses. Some accept 0.9-1.0 with larger down payments or higher credit scores.

Question 4

How does DSCR differ from conventional investment loans?

Accepted Answer

DSCR loans ignore your personal income and tax returns entirely. You qualify based solely on the property's rental income versus its expenses.

Question 5

Can I refinance a Vacaville rental into a DSCR loan?

Accepted Answer

Yes, if the property is currently rented and the rent supports a 1.0 DSCR. Cash-out refinances are available up to 75% loan-to-value.

Question 6

Do DSCR loans work for short-term rentals in Vacaville?

Accepted Answer

Most DSCR lenders require 12-month leases. Short-term rental income requires specialized programs with higher rates and stricter underwriting.

DSCR Loans in Vacaville: Qualify by Rental Income, Not W-2s