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Simi Valley attracts serious rental investors. The city sits between LA and Ventura County, pulling tenants who want suburban space without city prices.
DSCR loans — which qualify you based on the property's rent, not your tax returns — are built for exactly this kind of market.
620
Min Credit Score
0.75–1.10+
Min DSCR Ratio
20–25%
Down Payment
30-Year Fixed Available
Loan Term
None
Income Doc Required
DSCR Loans in Simi Valley
Lenders calculate your DSCR by dividing the property's monthly rent by its total monthly debt payment. A ratio of 1.0 means rent covers the mortgage exactly.
Most lenders want a DSCR of 1.1 or higher. Some go down to 0.75 with a larger down payment. Credit score minimums typically start at 620.
Local decision guide
Use this guide to connect dscr loans eligibility, lender expectations, and local market factors before comparing payment options in Simi Valley.
Simi Valley attracts serious rental investors. The city sits between LA and Ventura County, pulling tenants who want suburban space without city prices.
DSCR loans — which qualify you based on the property's rent, not your tax returns — are built for exactly this kind of market.
Lenders calculate your DSCR by dividing the property's monthly rent by its total monthly debt payment. A ratio of 1.0 means rent covers the mortgage exactly.
DSCR is a non-QM product — meaning it doesn't follow Fannie Mae or Freddie Mac rules. Not every lender offers it, and pricing varies significantly across those that do.
We shop this across 200+ wholesale lenders. A half-point rate difference on an investment property adds up fast. Rates vary by borrower profile and market conditions.
The number one mistake investors make: pulling a rent estimate from Zillow and calling it a day. Lenders use an appraiser's rent schedule — not online estimates.
Get a realistic rent appraisal before you run your DSCR numbers. A property that pencils at 1.15 on paper can come in at 0.95 after the appraisal.
A conventional investment loan requires full income docs, a lower DTI, and limits you to 10 financed properties. DSCR skips all of that.
Hard money moves faster but costs more and has shorter terms. DSCR gives you 30-year fixed options with rates closer to conventional territory.
Simi Valley's rental market benefits from families priced out of the San Fernando Valley. Single-family rentals here hold tenants longer than urban markets.
Longer tenancies mean more stable rent income — which directly improves how your DSCR looks to a lender. That's a real underwriting advantage in this market.
Yes. Most DSCR lenders allow LLC vesting. It's one of the program's biggest draws for investors building a portfolio.
Most lenders require 20-25% down on a DSCR purchase. Lower DSCR ratios typically require more skin in the game.
Some lenders accept Airbnb income using market data tools. Many still discount it heavily — ask specifically about STR programs.
Divide the monthly rent by the total monthly payment including principal, interest, taxes, and insurance. Above 1.0 means the rent covers the debt.
Yes. DSCR cash-out refis are available. Lenders evaluate the property's current rent, not your job history.
Most lenders start at 620. Better pricing kicks in at 680 and above. Rates vary by borrower profile and market conditions.