Non-QM Mortgage Specialists • Palm Springs, CA • NMLS 1763084
Non-QM Mortgage Loans in Palm Springs — STR, Second Homes & Investors
Palm Springs is one of California’s premier short-term rental markets. From Airbnb-optimized mid-century modern homes to luxury second homes in Rancho Mirage and La Quinta, we finance the Coachella Valley the way it actually works — with STR income, asset-based programs, and fast closings.
Top STR
Coachella Valley market
AirDNA
income accepted
Asset Depletion
for retirees
21 Days
typical close
The Palm Springs Vacation Rental Market
The Coachella Valley — encompassing Palm Springs, Cathedral City, Rancho Mirage, Palm Desert, Indian Wells, La Quinta, Indio, and Desert Hot Springs — is one of the strongest short-term rental markets in California. Strong tourism demand, the Coachella and Stagecoach music festivals, and year-round winter visitors generate Airbnb revenues that comfortably support DSCR qualification on most properties. Buyers in Palm Springs include retirees with substantial assets but no W-2 income, LA and Bay Area residents buying second homes that will pay for themselves, and professional STR investors who own multiple Coachella Valley properties. All three buyer profiles are well-served by our Non-QM programs.
Palm Springs Buyer Profiles
- STR investors purchasing Airbnb-ready homes throughout the valley
- Retirees and semi-retirees qualifying via asset depletion
- LA and Bay Area second home buyers (self-employed)
- Luxury second home buyers in Rancho Mirage and Indian Wells
- Full-time Coachella Valley residents who are self-employed
- Estate and trust beneficiaries purchasing vacation property
Coachella Valley Investment Strategies
- Mid-century modern Airbnb conversions in Central Palm Springs
- Pool home STR purchases in Cathedral City and Desert Hot Springs
- Luxury STR in Rancho Mirage, Palm Desert, and La Quinta
- Fix-and-update projects to STR-ready standard
- Long-term rental DSCR in Indio and Coachella
- Golf course adjacent properties in PGA West and Mission Hills
Non-QM Loan Programs Available in Palm Springs
All programs available for purchase, refinance, and cash-out in Palm Springs and surrounding CA markets.
Bank Statement Loans
Qualify using 12–24 months of bank deposits. The #1 program for self-employed Palm Springs borrowers.
DSCR Loans
Property cash flow qualifies you. No personal income required. Scale your Palm Springs rental portfolio.
Short-Term Rental Loans
Airbnb and VRBO income accepted. AirDNA projections count for Palm Springs-area STR properties.
Fix & Flip Loans
ARV-based bridge financing. Close in 5–14 days on Palm Springs-area rehab deals.
Asset Depletion Loans
Convert investment accounts and savings into qualifying income — no job required.
Hard Money & Bridge
7–14 day closings on Palm Springs-area deals. Asset-based, minimal documentation.
Ground Up Construction
Spec builder and owner-occupied construction financing for Palm Springs and surrounding areas.
P&L Statement Loans
CPA-prepared P&L replaces tax returns. Simplest doc path for Palm Springs business owners.
Large Loans to $35M
Portfolio lenders for luxury and large commercial transactions in the Palm Springs market.
Multifamily Commercial
5+ unit apartment and mixed-use financing in Palm Springs and CA.
Commercial Real Estate
Office, retail, industrial, and special-use commercial loans in Palm Springs.
Cannabis-Friendly Loans
State-licensed cannabis business owners approved where banks decline.
Non-QM Mortgage FAQ — Palm Springs
Is Airbnb income strong enough to qualify in Palm Springs?
Yes — Palm Springs is one of California’s best STR markets. Average nightly rates, occupancy levels, and year-round demand typically produce DSCR ratios that qualify comfortably. We use AirDNA data specific to each Coachella Valley city and neighborhood.
Can retirees without regular income buy in Palm Springs?
Absolutely. Asset depletion loans are very popular for Palm Springs retirees. Significant investment accounts, brokerage portfolios, and retirement savings all count toward qualifying income without requiring employment.
Does the city of Palm Springs have STR restrictions?
Palm Springs requires a vacation rental permit and has neighborhood-specific restrictions. Some zones are more STR-friendly than others. We help buyers understand where STR income can be reliably documented and where restrictions exist.
What about buying in other Coachella Valley cities?
We originate loans throughout the valley: Cathedral City, Rancho Mirage, Palm Desert, Indian Wells, La Quinta, Indio, Desert Hot Springs, and Coachella. Each city has its own STR market characteristics and we can analyze any property.
Why Abo Capital for Your Palm Springs Mortgage?
- 35+ years originating Non-QM loans in California, Florida, and Texas
- $500M+ funded across all three states for self-employed and investor borrowers
- 15+ loan programs — we find the one that works for your situation
- 50+ lender relationships — we shop the market, you get the best terms
- 24–48 hour pre-approval response on most programs
- 21-day closings on standard Non-QM; 7–14 days on hard money
- Licensed in CA (BRE 01167081), FL (MBR4882), and TX (SML)
- NMLS #1763084 — call us directly: (310) 312-1200
Ready to Get Approved in Palm Springs?
Tell us your situation — self-employed, investor, or both — and we’ll find the right program in 24 hours. No commitment required.