Question 1

Do I need to show personal income for a DSCR loan in Santa Paula?

Accepted Answer

No. DSCR loans qualify based on the property's rental income, not your personal income. Your tax returns stay out of it.

Question 2

What credit score do investor loans require?

Accepted Answer

Most DSCR lenders want a 620 minimum. Better rates kick in around 700 or above. Rates vary by borrower profile and market conditions.

Question 3

Can I use a DSCR loan for a fix-and-flip in Santa Paula?

Accepted Answer

Not typically. Fix-and-flip projects need hard money or bridge loans. DSCR is built for stabilized rentals with actual rent income.

Question 4

How much do I need to put down on an investor property?

Accepted Answer

Expect 20-25% down on DSCR loans. Hard money lenders may go lower but charge higher rates and fees.

Question 5

How fast can an investor loan close in Santa Paula?

Accepted Answer

Hard money loans can close in 7-14 days. DSCR loans typically take 3-4 weeks depending on the lender and file complexity.

Investor Loans in Santa Paula, CA