Question 1

Can I use projected rent for a vacant Moorpark property?

Accepted Answer

Yes, lenders order appraisals with market rent analysis. The appraiser determines fair market rent based on comparable properties, regardless of current occupancy status.

Question 2

Do DSCR lenders count Moorpark short-term rental income?

Accepted Answer

Most DSCR lenders require 12-month lease structures and won't count Airbnb income. A few specialized non-QM lenders accept short-term rental revenue with 24-month operating history.

Question 3

What if my Moorpark rental's DSCR is 0.90?

Accepted Answer

Some lenders approve 0.75-0.99 DSCR with 25-30% down and higher rates. Alternatively, increasing rent or choosing a longer amortization can push the ratio above 1.0.

Question 4

How long does DSCR loan approval take in Ventura County?

Accepted Answer

Expect 3-4 weeks from application to closing. Appraisals with rent schedules add 7-10 days versus standard purchase appraisals. No tax return review speeds up underwriting significantly.

Question 5

Can I refinance a Moorpark primary residence into a DSCR loan?

Accepted Answer

Only after converting it to a rental property with documented tenant occupancy. Lenders require the property to be investment-use, not owner-occupied, before approving DSCR financing.

DSCR Loans in Moorpark: Qualify Real Estate Investors By Rental Income, Not Personal Income