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Exeter is a small Central Valley city in Tulare County. Agricultural roots keep rents steady and tenant demand consistent year-round.
Investors here aren't buying trophy properties. They're buying cash-flowing rentals — and DSCR loans are built exactly for that.
620
Min Credit Score
1.0 (1.1+ preferred)
Min DSCR Ratio
20–25%
Down Payment
None
Income Docs Needed
30-yr fixed available
Loan Term Options
DSCR Loans in Exeter
DSCR stands for Debt Service Coverage Ratio. Lenders divide the property's monthly rent by the mortgage payment. A ratio of 1.0 means rent covers the payment exactly.
Most lenders want a DSCR of 1.1 or higher. Minimum credit scores typically start at 620, and most programs require 20–25% down.
Local decision guide
Use this guide to connect dscr loans eligibility, lender expectations, and local market factors before comparing payment options in Exeter.
Exeter is a small Central Valley city in Tulare County. Agricultural roots keep rents steady and tenant demand consistent year-round.
Investors here aren't buying trophy properties. They're buying cash-flowing rentals — and DSCR loans are built exactly for that.
DSCR stands for Debt Service Coverage Ratio. Lenders divide the property's monthly rent by the mortgage payment. A ratio of 1.0 means rent covers the payment exactly.
DSCR is a non-QM loan. That means most big retail banks don't offer it. You need a broker with access to wholesale non-QM lenders.
At SRK CAPITAL, we shop DSCR programs across 200+ wholesale lenders. Pricing and guidelines vary significantly — one lender's decline is another's approval.
Exeter rents are modest compared to coastal markets. That means your DSCR ratio is everything — don't overbid on a property and squeeze your ratio below 1.0.
LLC vesting is allowed on most DSCR programs. If you're building a portfolio, that matters for liability and future financing. Ask about it before you close.
Bank statement loans also skip tax returns — but they require 12–24 months of business deposits. DSCR skips your income entirely and focuses on the property.
Hard money loans close fast but carry high rates and short terms. DSCR gives you a 30-year fixed option with rates far closer to conventional. Rates vary by borrower profile and market conditions.
Tulare County's rental market is driven by ag workers, local employees, and families priced out of larger cities. Vacancy rates tend to run low in stable towns like Exeter.
Property values in Exeter are below the state median. Lower purchase prices mean lower loan amounts — which actually helps your DSCR math if rents hold.
Yes. DSCR doesn't require prior landlord experience. The property's rent-to-payment ratio is what qualifies you.
Lenders use a lease agreement or an appraiser's rent schedule. Actual signed leases carry more weight with most lenders.
Most DSCR lenders allow LLC vesting. It's one of the big advantages over conventional investor loans, which require personal title.
Many lenders allow 10 or more financed properties. Conventional loans cap you at 10 — DSCR programs often go beyond that.
The property location matters less than the rent-to-payment ratio. Rural Tulare County properties are eligible with most non-QM lenders.
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.