Question 1

What DSCR ratio do I need to qualify in Santa Paula?

Accepted Answer

Most lenders want 1.1 or higher. Some allow 1.0 with stronger credit or a larger down payment.

Question 2

Can I use projected rent instead of actual rent?

Accepted Answer

Yes. Many lenders accept a market rent appraisal. The appraiser's rent estimate substitutes for a lease.

Question 3

Do DSCR loans work for short-term rentals?

Accepted Answer

Some lenders allow it using Airbnb or VRBO income history. Not every lender accepts this — we know which ones do.

Question 4

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

Accepted Answer

Expect 20% minimum. Some lenders require 25% on 2-4 unit properties or lower credit scores.

Question 5

How fast can a DSCR loan close?

Accepted Answer

Typically 21-30 days. No income docs to gather speeds things up compared to conventional loans.

Question 6

Are DSCR rates higher than conventional investment rates?

Accepted Answer

Yes, usually by 0.5 to 1.5 points. Rates vary by borrower profile and market conditions.

DSCR Loans in Santa Paula: Finance Rentals on Cash Flow