Question 1

What DSCR ratio do I need to qualify in Camarillo?

Accepted Answer

Most lenders require 1.0 or above. A ratio of 1.25+ gives you access to better rates and lower down payment requirements.

Question 2

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

Accepted Answer

Yes, but lenders typically discount STR income. Expect some lenders to use only 70% of gross Airbnb revenue in their calculations.

Question 3

Do DSCR loans require a California real estate license to arrange?

Accepted Answer

No license is required for borrowers. Your broker handles the lender relationships — you just need to own or be purchasing the investment property.

Question 4

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

Accepted Answer

Typically 20-25% down. Some lenders allow 15% down with stronger DSCR and credit scores above 700.

Question 5

Can I pull cash out of a Camarillo rental using DSCR?

Accepted Answer

Yes. DSCR cash-out refinances are common. The property's rental income still drives approval — your personal tax returns don't factor in.

Question 6

How fast can a DSCR loan close in Ventura County?

Accepted Answer

Most DSCR loans close in 21-30 days. It depends on appraisal turnaround and how clean your property documentation is.

DSCR Loans for Camarillo Rental Properties