Recently Funded DSCR Loan In Reedley, California

Loan Scenario:

This case study features a DSCR Cash-Out Refinance for a detached two-unit rental home in Reedley, California. The home appraised at $320,000, and American Heritage Lending funded $224,000 in proceeds. As a result, the deal carries a Loan-to-Value (LTV) of 70% and a DSCR of 1.538. Also, the borrower, a limited-experience investor, obtained the loan based on rental income rather than personal income docs. AHL structured the loan as a 30-year fixed-rate product.

The DSCR program lets lenders review what the home earns, not tax records or W-2s. Therefore, the owner did not need to submit income docs to secure the loan. Also, the two-unit structure adds income depth, since both units factor into the DSCR review. As a result, this setup shows how income-based lending opens access for investors at many levels.

Reedley sits in California’s Central Valley, an active rental market with steady housing need. The market draws local renters and workers who seek lower costs than coastal cities offer. Also, rental supply in the area is tight. As a result, two-unit homes here hold strong tenant demand across the region.

Overall, this deal shows how American Heritage Lending supports investors at all stages. Here, the DSCR program removes the need for income docs and opens long-term funding to a wider group. Also, the two-unit structure adds rental depth that fits well within AHL’s loan range. As a result, the owner secured 30-year fixed funding tied to the home’s income strength.