I’m Michael DiVita — DRE #01372066 | NMLS #241655, DiVita Home Finance (DRE #01818285 | NMLS #323700), Tiburon, CA. I’ve been in California mortgage lending since 2000 and founded DiVita Home Finance in 2007. Call (800) 239-1103.
San Diego’s real estate market offers investors a unique combination: strong, consistent rental demand driven by the military, UCSD and other universities, biotech, tourism, and a year-round desirable climate. Whether you’re buying a single-family rental in Chula Vista, a small multifamily in City Heights, or a vacation rental near the beach, DSCR loans offer a streamlined path to investment property financing in San Diego County.
How DSCR Loans Work for San Diego Investors
A DSCR (Debt Service Coverage Ratio) loan qualifies the borrower based on whether the property’s rental income covers the mortgage payment — not based on the borrower’s personal income, tax returns, or employment. This is particularly useful in San Diego where many investors are self-employed, military with complex income, or out-of-state buyers who prefer not to document personal finances.
San Diego’s Short-Term Rental Market
San Diego is a top Airbnb and VRBO market — Mission Beach, Pacific Beach, Ocean Beach, La Jolla, and Coronado generate strong short-term rental income. Several DSCR lenders now accept short-term rental income history or market rent analyses for vacation rental properties, opening DSCR financing to an even broader range of San Diego investment scenarios.
DSCR Loan Features
- No personal income, W-2, or tax return required
- San Diego County is a high-cost area — DSCR loans available above and below the conforming limit (visit fhfa.gov for current limit)
- 30-year fixed, ARM, and interest-only options
- Single-family, 2–4 unit, condos, townhomes, and short-term rentals (select lenders)
- LLC ownership available through select lenders
- No limit on number of properties financed (lender-specific)
Frequently Asked Questions
What DSCR do San Diego lenders typically require?
Most lenders target a DSCR of 1.0 or higher. Some allow below-1.0 DSCR — down to 0.75 — for strong borrowers with larger down payments and cash reserves. In the San Diego market, single-family rentals and condos in high-demand coastal areas often produce stronger DSCRs than the purchase price would suggest, due to elevated market rents.
Can I get a DSCR loan on a San Diego Airbnb property?
Possibly. Some lenders use AirDNA market data or documented short-term rental income history to underwrite vacation rental properties. San Diego’s strong tourism market and beach locations often produce favorable STR income data. Call us to discuss your specific property address — the answer depends on the lender, the location, and documented or projected STR income.
Do I need to document my personal income to get a DSCR loan in San Diego?
No. DSCR loans qualify based entirely on the property’s rental income relative to its debt payments — not your personal W-2 income or tax returns. This makes DSCR loans ideal for self-employed investors, military borrowers with complex income, and out-of-state buyers who prefer a streamlined qualification process.
Talk to Michael Directly
DiVita Home Finance | Tiburon, CA | In lending since 2000, founded DiVita Home Finance in 2007. Michael DiVita DRE #01372066 | NMLS #241655. Company DRE #01818285 | NMLS #323700.
💬 Text: (310) 849-9124
