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Fillmore sits in the Santa Clara River Valley, between Ventura and the inland ranch country. Investors are looking here because prices are lower than coastal Ventura County.
DSCR loans — which qualify based on a property's rent, not your W-2 — fit Fillmore's rental market well. If the property cash-flows, you can get approved.
620+
Min Credit Score
1.0x typical
Min DSCR Ratio
20–25%
Down Payment
None (rent-based)
Income Docs Needed
21–30 days
Typical Close Time
DSCR Loans in Fillmore
DSCR stands for Debt Service Coverage Ratio. Lenders divide gross monthly rent by your total monthly mortgage payment. A ratio of 1.0 means the rent covers the debt exactly.
Most lenders want a DSCR of 1.0 or higher. Credit score minimums typically start at 620, and most programs require at least 20% down on investment properties.
Local decision guide
Use this guide to connect dscr loans eligibility, lender expectations, and local market factors before comparing payment options in Fillmore.
Fillmore sits in the Santa Clara River Valley, between Ventura and the inland ranch country. Investors are looking here because prices are lower than coastal Ventura County.
DSCR loans — which qualify based on a property's rent, not your W-2 — fit Fillmore's rental market well. If the property cash-flows, you can get approved.
DSCR stands for Debt Service Coverage Ratio. Lenders divide gross monthly rent by your total monthly mortgage payment. A ratio of 1.0 means the rent covers the debt exactly.
DSCR is a non-QM product. That means big retail banks rarely offer it. You need a wholesale lender that specializes in investor financing.
At SRK CAPITAL, we access 200+ wholesale lenders. That matters here — DSCR guidelines vary widely across lenders on things like DSCR minimums, prepayment penalties, and max loan amounts.
Appraisers use a rent schedule called a 1007 form to estimate market rent. If that number comes in low, your DSCR drops — and some deals fall apart right there.
In Fillmore, order the appraisal early and know your rental comps before you go under contract. A property that looks profitable can fail the DSCR test if rent comps are thin.
Hard money loans close faster but carry higher rates and short terms — usually 12 to 24 months. DSCR loans offer 30-year fixed options, which locks in your cost of capital long-term.
Bank Statement loans work for self-employed buyers who want to use personal income. DSCR ignores your income entirely. If you own multiple properties, DSCR doesn't stack debt-to-income against you.
Fillmore is a small city with a tight rental base. Single-family homes and small multifamily properties dominate the inventory. Investors should underwrite conservatively on vacancy.
Agricultural character and limited new construction keep supply constrained. That supports rents over time — but thinner transaction volume means fewer rent comps for the 1007.
Most lenders want a DSCR of 1.0 or above. Some programs allow 0.75 with a larger down payment.
Yes. Most DSCR programs allow LLC vesting. That's one reason investors prefer DSCR over conventional loans.
Some lenders accept Airbnb income using AirDNA data. Check Fillmore's local STR rules before assuming rental income.
Plan for 20–25% down. Lower DSCR ratios or lower credit scores often push that toward the higher end.
Typically 21–30 days. Appraisal turnaround in smaller markets like Fillmore can affect that timeline.
Yes. DSCR doesn't count personal debt-to-income, so existing mortgages won't block approval here.