Question 1

Can I use DSCR for a short-term rental in Exeter?

Accepted Answer

Yes. Many DSCR lenders accept projected short-term rental income. You'll need a market rent analysis from a qualified appraiser.

Question 2

What credit score do I need for each loan?

Accepted Answer

Conventional requires 620 minimum. Most DSCR programs want 660–680. Higher scores get better pricing on both.

Question 3

Do DSCR loans cost more than conventional?

Accepted Answer

Yes. DSCR rates run higher because they're non-QM products. The trade-off is no income documentation required.

Question 4

Can I buy a primary home with a DSCR loan?

Accepted Answer

No. DSCR is for investment properties only. Owner-occupied purchases require conventional or government-backed financing.

Question 5

How many properties can I finance with DSCR?

Accepted Answer

Most DSCR lenders have no portfolio cap. Conventional limits you to 10 financed properties total.

Question 6

Which loan closes faster in Exeter?

Accepted Answer

DSCR often closes faster. Fewer income docs mean less back-and-forth with underwriting.

Conventional vs DSCR Loans in Exeter, CA