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Rates

California DSCR Loans: No Tax Returns, 1.2 DSCR Min, Rates from 5.80%

Rental property financing for California investors qualified on property cash flow, not personal income, W-2s, or tax returns. Serving Los Angeles, San Diego, San Francisco, Sacramento and the rest of California. If the property cash-flows at 1.2× the mortgage, you may qualify.

  • 1.2 DSCR minimum
  • Credit is lender underwriting
  • Best-tier from 5.80%
  • 21–30 day close

Indicative as of August 1, 2026. Not a quote. Lenders set final pricing at underwriting.

See If You QualifyCalculate Your DSCR

Can I get a DSCR rental loan in California?

Yes. DSCR loans in California qualify investors based on property cash flow with a 1.2 DSCR minimum. Credit and equity injection are lender underwriting. PeerSense does not set a FICO floor. No tax returns, W-2s, or DTI calculation required. 1–4 unit residential and 5+ unit multifamily eligible. Governed best-tier floor 5.80% from rate-floors.json.

Published by PeerSense Capital Advisory · Written by Ed Freeman, Founder. Updated August 1, 2026.

Indicative only, as of August 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense does not lend and does not set pricing. What these terms mean.

California Rental Market Snapshot

State-level data DSCR underwriters use to size California rental deals.

Median Home Price
$785K
Statewide single-family
Gross Rental Yield
3.0–5.0%
Annual rent / price
Eviction Timeline
60–120+ days
tenant-friendly
Rate Adjustment
+0.125% to +0.250%
vs national baseline

California is the largest DSCR market by dollar volume but the most complex by regulation. AB 1482 statewide rent caps plus stricter local ordinances in LA, San Francisco, Oakland, and San Jose mean DSCR underwriters use legal registered rent (not market) on rent-controlled units. Most CA DSCR loans are jumbo, so investors should expect 25%+ down on $1M+ properties and a 60–120 day eviction window if a tenant defaults.

Major California Markets We Serve

Active DSCR deal flow across California's core rental markets. Same DSCR math statewide. Credit and equity injection are lender underwriting.

MetroMedian PriceGross YieldDSCR Investor Notes
Los Angeles$935K3.5–4.5%RSO rent control, Costa-Hawkins exempt new construction qualifies at market rent
San Diego$895K3.5–4.5%Coastal premium, military rental demand, no city-level rent control beyond AB 1482
San Francisco$1185K2.5–4.0%Strict 1979-and-older rent control, lowest gross yields in CA, jumbo pricing
Sacramento$525K5.0–6.0%Inland CA cap-rate play, Sacramento ordinance caps rent at CPI + 5% (≤10%)
California investor note:California's statewide AB 1482 caps annual rent increases at 5% + CPI (≤10%) for most buildings ≥15 years old. Some cities (LA, SF, Oakland, San Jose) have stricter local rent control that can affect DSCR calculations.

California Eviction Timeline & Landlord Posture

How California courts handle non-payment evictions, material to DSCR loss-severity assumptions.

Posture
tenant-friendly
Typical Timeline
60–120+ days
Rent Control
Yes, see note

California is one of the slowest eviction states. AB 1482 just-cause requirements, mandatory pre-filing notices, and crowded courts in LA/SF push timelines past 90 days. Allow 4–6 months from notice to keys.

California Rate Adjustment vs National Baseline

+0.125% to +0.250%over national baseline pricing

Tenant-protection regulations and judicial foreclosure increase lender loss-severity assumptions; jumbo pricing dominates given $700K+ medians.

Final pricing depends on DSCR, LTV, property type, and program. Credit is lender underwriting. Governed best-tier floor 5.80% from rate-floors.json as of August 1, 2026.

DSCR Lenders Active in California

The non-bank DSCR programs we see most frequently funding California rental deals. PeerSense matches your scenario across this lender set rather than locking you into one.

  • Visio Lending
  • CoreVest
  • LendingOne
  • Kiavi

PeerSense is independent, not a lender. Lenders listed are programs we have funded California deals through; specific terms vary by file.

California DSCR Loan Requirements

RequirementMinimumNotes
DSCR1.201.00+ exists on specialty programs. Credit and equity are lender underwriting.
CreditLender underwritingPeerSense does not set a FICO floor. Capture the score on the form.
EquityLender underwritingPurchase DSCR is commonly structured around 65 to 75% LTV. PeerSense does not set a typical down.
Property Type1–4 units or multifamilyCondos, townhomes, STRs OK where legal
Income DocsNoneNo tax returns, W-2s, DTI check
Reserves6 months PITIAChecking, savings, stocks qualify
Close Time21–30 daysCash-out refi: 14–21 days

Not a commitment to lend. Rates and terms subject to underwriting. See our full DSCR loan guide for the complete program.

Indicative only, as of August 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense does not lend and does not set pricing. What these terms mean.

Get California DSCR Loan Terms

DSCR Rental: Response within 24–48 hours. No obligation.

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