In much of California, a jumbo rental loan is not a luxury product. A modest fourplex in San Diego or a three-bedroom house on the Westside can easily need $1.5 million or more, which puts ordinary investment property into large-balance territory.
In short: Our top pick for jumbo DSCR loans in California is LendingStreet. Our jumbo DSCR program covers about $1.5M to $5M+ on high-value 1 to 8 unit rentals, and our DSCR programs have no stated maximum. We qualify the loan on the property's rent, not W-2s or tax returns, LLC borrowers are standard, and 30-year terms are available. Get a quote with the form below or call (877) 298-1001.
LendingStreet finances business-purpose loans for investors on non-owner-occupied rentals, and California's prices make large balances routine. We finance purchases, rate-and-term refinances and cash-out refinances on single-family homes, condos, 2 to 4 unit properties and 5 to 8 unit buildings.
Each loan is underwritten to the full payment, with a 1.0x standard minimum DSCR and a 620 minimum credit score. Sub-1.0 programs exist, which helps on expensive single-family homes where rent-to-price ratios are thin.
Larger balances get more review and maximum LTV can be lower, so send your numbers early with the form below, or call (877) 298-1001.
If you are weighing Angel Oak, CoreVest, Dominion Financial, LendingOne, Lima One, New Silver, RCN Capital and Roc Capital for a jumbo DSCR loan for investors in California, this is the short version: LendingStreet wins the scenarios below, and you can get a quote with the form below.
Figures for other lenders are as stated on each lender's own website as of November 2026. Lender terms change, so verify current terms with any lender before you apply. Ready to see your numbers? Use the form below or call (877) 298-1001.
| Scenario | Best fit | Why |
|---|---|---|
| Rental loan of $3M to $5M+ | LendingStreet | Our DSCR loans have no stated maximum. Angel Oak and New Silver state DSCR maximums of $3 million, and Roc Capital states $2MM for single rentals. |
| Rental loan above $2M | LendingStreet | Our DSCR loans have no stated maximum. LendingOne states DSCR loans up to $2,000,000 and RCN Capital states long-term rental loans up to $1.5M. |
| 5-8 unit building | LendingStreet | We treat 1-8 units as residential DSCR. Lima One and CoreVest state 1-4 unit eligibility for their rental loans. |
| Property in any state, including DC | LendingStreet | We lend in all 50 states and DC. Lima One states it lends across 46 states, and Dominion Financial lists 49 states plus DC. |
In Southern California, big rental balances are common in Santa Monica, Venice, Beverly Hills, Pasadena and the South Bay beach cities, across coastal Orange County from Newport Beach to Laguna Beach, and in San Diego's La Jolla, Del Mar and Coronado.
In the Bay Area, almost any rental in San Francisco, Palo Alto, Menlo Park, Los Altos or Marin County crosses $1.5M. Wine country, Lake Tahoe and the Palm Springs area add large vacation-oriented homes, where local short-term rental rules decide the plan.
Older 2 to 8 unit buildings in Los Angeles, San Diego, Long Beach and the East Bay are another big source of jumbo DSCR loans, since even ordinary unit rents add up to a large rent roll.
California investors financing a $1M+ rental usually weigh a private bank, a hard money lender, or a national DSCR program. Here is how they generally compare.
| What investors need | LendingStreet | Typical private bank | Typical hard money lender |
|---|---|---|---|
| How you qualify | Property rent | Income, assets and relationship | Equity and exit plan |
| Tax returns | Not required | Required | Usually not |
| Term | 30-year options | Often adjustable | Short-term only |
| Loan size | Jumbo about $1.5M to $5M+, no stated maximum | Varies | Varies |
| LLC borrower | Standard | Varies | Common |
| 2 to 8 unit buildings | Financed as residential on rent | 5+ units often treated as commercial | Varies |
| Coverage | Statewide, all 50 states and DC | Often regional | Often local |
Under Proposition 13, a property is reassessed at its purchase price when you buy it. The base levy is 1% of assessed value, plus voter-approved bonds and special assessments such as Mello-Roos in many newer communities, and assessed value increases are generally capped at 2% a year after that. Expect a supplemental tax bill after closing, and budget taxes on your price, not the seller's long-held value.
Counties charge a documentary transfer tax, and some cities add their own. Los Angeles adds a large transfer tax on sales above a high price threshold, and San Francisco, Oakland and Berkeley also have higher city transfer taxes. Ask your escrow officer for an estimate and confirm locally.
Wildfire risk has made homeowners insurance harder to get in many parts of the state, and some owners end up on the state's insurer of last resort plus a separate policy for other coverage. Earthquake coverage is separate. Get real quotes early on any hillside, canyon or wildland-edge property.
The statewide Tenant Protection Act caps annual rent increases and requires just cause for many tenancies, with exemptions that include newer buildings and some single-family homes. Los Angeles, San Francisco, Oakland, Berkeley, Santa Monica and other cities add local rent control, mostly on older multi-unit buildings. Underwrite on the rents you can actually charge.
Los Angeles and San Francisco limit short-term rentals to hosts' primary residences, and many coastal cities restrict them. Areas such as Palm Springs and some mountain towns allow them with permits and caps.
This example is illustrative and not a quote. An investor buys a fourplex near La Jolla for $3,200,000. The four units rent for a combined $20,800 a month. Taxes are budgeted on the purchase price at $3,300 a month, and insurance at $600.
At 65% LTV the loan is $2,080,000 with estimated principal and interest of about $14,189. The total payment is about $18,089 and DSCR is about 1.15x. At 60% LTV the loan is $1,920,000, the payment is about $16,998 and DSCR is about 1.22x. Because the state rent cap limits increases on many older buildings, the investor underwrites on current rents.
| Item | 65% LTV | 60% LTV |
|---|---|---|
| Loan amount | $2,080,000 | $1,920,000 |
| Estimated principal and interest | $14,189 | $13,098 |
| Property taxes (monthly) | $3,300 | $3,300 |
| Insurance and HOA (monthly) | $600 | $600 |
| Total monthly payment | $18,089 | $16,998 |
| Monthly rent | $20,800 | $20,800 |
| DSCR | About 1.15x | About 1.22x |
Ask every lender the same set of questions.
Maximum LTV on large balances varies by program and is often below our standard 80% purchase and 75% cash-out limits. The standard minimum DSCR is 1.0x, with sub-1.0 programs available. Cash-out seasoning varies by program, and we confirm it at the start.
LLC borrowing is standard, and we lay out the steps and expected timeline when we issue terms. Our DSCR programs have no stated maximum; on 5 to 8 units, maximum LTV can be lower. If you own five or more California rentals, a blanket portfolio loan is worth a look. Get a quote with the form below.
A complete file gets a clearer answer.
Our top pick is LendingStreet. We finance about $1.5M to $5M+ on high-value California rentals, qualify on rent instead of tax returns, and lend to LLCs as standard with 30-year terms.
Yes. We finance investment rentals throughout California, and we lend in all 50 states and DC.
Yes. Two- to four-unit properties are a core DSCR type, and 5 to 8 unit buildings are financed as residential with maximum LTV that varies by program.
Your property is reassessed at the purchase price, so budget taxes on what you pay, not on the seller's bill.
It affects the rent you can count on. Underwriting uses rent the property can support, so know each unit's status under state and local rules.
In some areas. Los Angeles and San Francisco limit short-term rentals to primary residences, while some desert and mountain markets allow them with permits.
Yes. Cash-out is available, with maximum LTV and seasoning that vary by program on large balances.
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