Question 1

Do I need to show my personal income for a DSCR loan?

Accepted Answer

No. DSCR lenders qualify you based on the property's rent income. Personal tax returns and W-2s are not required.

Question 2

Can I close a DSCR loan in an LLC in Tulare?

Accepted Answer

Yes. Most DSCR lenders allow LLC vesting. It's one of the main reasons investors prefer this product over conventional.

Question 3

What DSCR ratio do I need to get approved?

Accepted Answer

Most lenders want 1.20 or above. Some go lower, but below 1.0 will require a larger down payment and higher rate.

Question 4

Does a DSCR loan work for short-term rentals in Tulare?

Accepted Answer

Some lenders allow it, but many require 12 months of rental history. Tulare's STR market is limited, so long-term tenants are a safer pitch.

Question 5

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

Accepted Answer

Plan for 20-25% down. Lower DSCR ratios or lower credit scores push that number closer to 25-30%.

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