Question 1

Can I use rental income to qualify in Simi Valley?

Accepted Answer

Yes — DSCR loans qualify you on the property's rent, not your personal income. The rent must cover the mortgage payment.

Question 2

What credit score do I need for a Simi Valley investor loan?

Accepted Answer

Most DSCR lenders want 660 or above. Better scores get better rates. Rates vary by borrower profile and market conditions.

Question 3

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

Accepted Answer

Plan for 20-25% down minimum on most investor loan programs. Some hard money lenders structure deals differently.

Question 4

Can I finance a fix-and-flip in Simi Valley this way?

Accepted Answer

Hard money and bridge loans are built for flips. DSCR is better suited to stabilized rentals with existing or projected rent.

Question 5

How many investment properties can I finance at once?

Accepted Answer

DSCR loans don't cap your portfolio the way conventional loans do. Lenders evaluate each deal on its own cash flow.

Question 6

How fast can an investor loan close in Simi Valley?

Accepted Answer

Bridge and hard money deals can close in days to two weeks. DSCR loans typically run 21-30 days depending on the lender.

Investor Loans in Simi Valley, CA