Short-term rental DSCR guidelines
LOAN AMOUNT
Regular short-term rental loans start at $75,000, subject to program eligibility and underwriting.
PURCHASE FINANCING
Regular short-term rental programs may allow purchases up to 80% LTV, subject to underwriting. State and county restrictions apply, and rural properties are reviewed case by case.
RENTAL INCOME REVIEW
Short-term rental scenarios are reviewed by comparing the property's rental income with its debt payments, subject to underwriting.
CREDIT AND RESERVES
Regular programs generally look for a 680 or higher credit score and six months of reserves, subject to underwriting.
WHAT TO SEND FOR A QUOTE
Send the property address or listing, purchase goal, target loan amount, expected rental income, credit profile and rental-property experience. If the property already operates as a short-term rental, include the rental records you have. Office Number (707) 622-2455. Direct Line (818) 269-7983.
PROPERTY TYPES
- Single-family
- Duplex
- Triplex
- Fourplex
- Condo
BORROWER AND PROPERTY REQUIREMENTS
Experienced investors are the best fit. First-time investors may qualify with mortgage history or short-term rental management experience, subject to underwriting. Properties must be non-owner-occupied 1-4 unit rentals, including condos and townhomes.
85% PURCHASE OPTION
A separate 85% LTV purchase option is available for qualified purchases. Loan amount starts at $250,000, credit score of 740 or higher, DSCR of 1.25 or higher, six months of PITIA reserves plus cash to close, and seller concessions capped at 3%. First-time investors are not eligible for short-term rental loans under this option. State and county restrictions apply, and all loans are subject to underwriting.