Short-term rentals in Palm Springs & Coachella Valley, CA: rules, lenders and rates
The local STR rule from City of Palm Springs, CA's own page, the DSCR lenders that publish coverage in California, and what investors paid in Riverside County in 2025.
- STR status
- Certificate required
- Lenders in CA
- 22
- Median note rate, 2025
- 7.125%
City of Palm Springs, CA
16 list CA · 6 licensed
575 DSCR-style loans
Short-term rental rules Certificate required
City of Palm Springs, CA. A Vacation Rental Certificate is required. Fees are $1,072 for the certificate (plus $453 for an Estate Home permit where applicable and $25 for a TOT permit), and at least $500,000 of liability insurance.
Source: palmspringsca.gov · checked Oct 19, 2026
This covers only City of Palm Springs, CA, not every town in Riverside County or the wider Palm Springs & Coachella Valley area. Neighboring cities, the county, HOAs and condo associations can have their own rules. Check with the jurisdiction for the exact address before you go under contract.
What investors paid in Riverside County, 2025
- Median note rate7.125%
- Middle 50% paid (25th–75th pct)6.75%–7.625%
- DSCR-style loans575
Public HMDA records for all of Riverside County, including long-term rentals. Note rates at closing, not today's quotes.
DSCR math Example only
An illustrative loan, not a quote and not a typical price for Palm Springs & Coachella Valley, CA: $400,000 at 75% LTV (an implied $533,333 price), 30-year amortization at the Riverside County 2025 median of 7.125%.
- Monthly principal & interest$2,695
- Gross monthly rent for DSCR 1.00$2,695
- Gross monthly rent for DSCR 1.25$3,369
DSCR here is rent ÷ P&I only. Taxes, insurance and HOA dues are excluded; most lenders include them, which raises the rent you need. Many lenders also discount STR income.
DSCR lenders that lend in California
16 lenders list California in their published coverage; 6 more publish only their license list, which includes CA. Coverage is statewide; whether a lender will finance a short-term rental at a specific address is up to the lender. “Not published” means the lender doesn't publish that figure.
| Lender | CA coverage | STR income method | Min DSCR | Max LTV (purchase) |
|---|---|---|---|---|
| 1st Nationwide Mortgage | Yes | Either | 1.00 | 80% |
| Acra Lending | Yes | 12-month history | Not published | 75% |
| America Mortgages | Yes | Either | Not published | 80% |
| Certain Lending | Yes | Either | Not published | 75% |
| CoreVest Finance | Yes | Not published | Not published | 70% |
| Defy Mortgage | Yes | Either | 0.75 | 85% |
| Dominion Financial | Yes | Not published | Not published | 80% |
| Easy Lending USA | Yes | Either | 1.00 | 85% |
| Easy Street Capital | Yes | Either | Not published | 80% |
| Griffin Funding | Yes | Either | Not published | 85% |
| Kiavi | Yes | Not published | 0.80 | 80% |
| LendingOne | Yes | Not published | 0.75 | 80% |
| Lima One Capital | Yes | Projection | 1.30 | 75% |
| New Silver | Yes | Either | 1.15 | 80% |
| Quickline Capital | Yes | Projection | 0.75 | 80% |
| Visio Lending | Yes | Either | Not published | 85% |
| A&D Mortgage | Licensed there | Either | Not published | 80% |
| Angel Oak Mortgage Solutions | Licensed there | Projection | Not published | 85% |
| LendSure Mortgage | Licensed there | Either | 0.75 | 85% |
| Newfi Wholesale | Licensed there | Either | 1.00 | 80% |
| NQM Funding | Licensed there | 12-month history | Not published | Not published |
| theLender | Licensed there | Projection | Not published | 85% |
Figures come from each lender's own pages, with a source and check date on the lender's page. Compare more terms on the lender matcher.
More markets: all 24 STR markets · real rates by county · STR DSCR loans by state
Related
California
Lender lists
- Where the 10-year Treasury moved and what it means for STR loan pricing
- Lender term changes flagged on the lenders' own pages
- A short, plain-English STR financing explainer
No spam, unsubscribe anytime. Form not loading? Subscribe here.
Closed an STR DSCR loan?
Share the rate you got so other hosts can see what loans really cost. Anonymous, no personal info, reviewed before it appears.
Not a lender or broker. No referral fees. For education only. Figures come from each lender's public pages on the date shown and can change without notice, so verify them with the lender. Rates are estimates, not quotes. How we source data.