Question 1

Can I use a DSCR loan to buy my first rental in Exeter?

Accepted Answer

Yes. DSCR doesn't require prior landlord experience. The property's rent-to-payment ratio is what qualifies you.

Question 2

What counts as rental income for DSCR qualification?

Accepted Answer

Lenders use a lease agreement or an appraiser's rent schedule. Actual signed leases carry more weight with most lenders.

Question 3

Can I hold the Exeter property in an LLC?

Accepted Answer

Most DSCR lenders allow LLC vesting. It's one of the big advantages over conventional investor loans, which require personal title.

Question 4

How many DSCR loans can I have at once?

Accepted Answer

Many lenders allow 10 or more financed properties. Conventional loans cap you at 10 — DSCR programs often go beyond that.

Question 5

Is a DSCR loan harder to get in a small market like Exeter?

Accepted Answer

The property location matters less than the rent-to-payment ratio. Rural Tulare County properties are eligible with most non-QM lenders.

Question 6

What DSCR ratio do I need to get approved?

Accepted Answer

A ratio of 1.0 is the floor for most programs. At 1.25 or higher, you'll see better rates and more lender options.

DSCR Loans in Exeter, CA — Qualify on Rent, Not Your W-2