Question 1

What is a DSCR loan and how does it work?

Accepted Answer

DSCR stands for Debt Service Coverage Ratio. The lender divides the property's monthly rent by the mortgage payment — a ratio above 1.0 typically means approval.

Question 2

Do I need to show income to qualify?

Accepted Answer

Not on a DSCR loan. Qualification is based on the rental property's income, not your personal tax returns or pay stubs.

Question 3

How much do I need to put down on a Camarillo investment property?

Accepted Answer

Most investor loan programs require 20-25% down. Some lenders go to 30% on non-warrantable condos or multi-unit properties.

Question 4

Can I use an investor loan for a fix-and-flip in Camarillo?

Accepted Answer

Yes. Hard money and bridge loans are designed for flips. They close fast and are based on the after-repair value of the property.

Question 5

What credit score do I need for an investor loan?

Accepted Answer

Most non-QM investor programs want a 680 minimum. Some hard money lenders go lower but charge higher rates. Rates vary by borrower profile and market conditions.

Question 6

Can I own multiple rentals using these loan programs?

Accepted Answer

Yes. Non-QM investor loans have no hard cap on financed properties. That's a key advantage over conventional Fannie Mae guidelines.

Investor Loans in Camarillo, CA