Question 1

What DSCR ratio do I need to qualify in Corning?

Accepted Answer

Most lenders want 1.0 or above. Some allow 0.75 with stronger credit and a larger down payment.

Question 2

Can I use projected rent, not current rent?

Accepted Answer

Yes. Lenders typically use a rent schedule from the appraisal. The property doesn't need to be tenant-occupied.

Question 3

Do DSCR loans work for multi-family in Tehama County?

Accepted Answer

Yes. Most lenders cover 1-4 unit properties. Some go up to 8 units on DSCR programs.

Question 4

How much do I need to put down on a DSCR loan?

Accepted Answer

Expect 20-25% minimum. Some lenders require more if your DSCR falls below 1.0.

Question 5

Are DSCR rates higher than conventional rates?

Accepted Answer

Yes, typically. Non-QM pricing carries a premium. Rates vary by borrower profile and market conditions.

Question 6

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

Accepted Answer

Yes. DSCR cash-out refis are common for investors pulling equity from existing rentals.

DSCR Loans in Corning, CA — Qualify on Rent, Not W-2s