California DSCR Loan Lenders for Long-Term Rentals
Are you seeking long-term private financing for a residential rental property in California? On this page you'll find a list of lenders that offer these DSCR loans for single family homes, condos, and 2-4 unit rental properties in California’s urban areas. Some lenders consider vacation rental (aka short-term rental or STR). The maximum loan-to-value is 80%. For a purchase, investors need a minimum down payment of 20%, and it could be higher depending on the debt service coverage ratio (DSCR), borrower’s credit score, location and other factors. These loans require a FICO score over 680. The loan terms range from 5 to 30 years.Searching...
Sorry, your search returned no results.
Nationwide Mortgage - California
Bridge, Rehab, Construction, & Rental
Conventus
We Fund Fast While Providing Excellent Service and Competitive Pricing
Karpe Real Estate Center
Private Lending for Central California Real Estate - Bakersfield, Fresno, Central Valley, Sacramento | Est. 1926
Easy Street Capital
Direct Lender for Residential Flips and Rentals
Kiavi
Servicing 12,000+ Real Estate Investors Across the Country
RCN Capital
Direct Lender for Residential Fix & Flip, Long-Term Rental, Bridge Loans
Griffin Funding
DSCR Long-Term Rental Loans for Residential Investment Properties
Lima One Capital
The Nation's Premier Lender for Real Estate Investors
American Heritage Lending
Direct Lender for Residential Real Estate Investors Nationwide
California DSCR Loan Interest Rates
According to the loan documents software company, Lightning Docs, the average interest rate for California DSCR long-term rental loans in the 1st quarter of 2024 was 8.03%. The average loan amount was $592,536. These stats are the average of 119 loans funded for residential rental properties in California between January 1, 2024 and March 31, 2024 by multiple lenders that use Lightning Docs as their preferred software provider to prepare loan documents.
Select a Metro Area
California is a large state, and some lenders are selective about where they lend. Filter your search by selecting a metro area:
Northern California: SF Bay Area | Sacramento | Lake Tahoe
Southern California: Los Angeles | San Diego | Orange County | Riverside County | San Bernardino County | Santa Barbara
Central California: Central Valley | Bakersfield | Fresno
Funded DSCR Long-Term Rental Loans in California
DSCR Rental Purchase Loan for 4-Unit Residential Property in Fresno, California
$436,000
RCN Capital, a national direct private lender, funded a $436,000 loan for the purchase of a 4-unit residential property in Fresno, California. The purchase price was $550,000 which included a $5,000 seller credit. RCN Capital funded 80% of the purchase in 1st lien position, and the Borrower contributed a 20% cash down payment at closing. The Borrower had excellent credit and sufficient liquidity to close this loan, along with 2 years of property management/investment experience. The Appraiser’s estimated combined market rent is $4200/month which resulted in a 1.11 DSCR. The fixed interest rate was 7.14% and the loan term was set at 30 years. We charged 2% origination points. The subject property was in excellent condition and had an approximate square footage of 3,992. It was already fully occupied at the time of funding, although tenants were renting on a month-to-month basis. This DSCR rental property loan was funded in September 2022.