Question 1

Can I use a bank statement loan to buy a rental in Albany?

Accepted Answer

Yes. Bank statement loans work on investment properties too. But DSCR is usually simpler for pure rental plays.

Question 2

Do DSCR loans require a minimum credit score?

Accepted Answer

Most DSCR lenders want at least a 620 to 660 score. Some non-QM lenders go lower with a bigger down payment.

Question 3

What down payment do these loans require?

Accepted Answer

Expect 10–20% down for bank statement loans. DSCR loans typically require 20–25% on investment properties.

Question 4

Which loan has higher interest rates?

Accepted Answer

Both carry higher rates than conventional loans. DSCR and bank statement rates vary by lender and borrower profile.

Question 5

Can a self-employed investor use either loan?

Accepted Answer

Yes. If you're self-employed and buying rentals, you could qualify for either. The better fit depends on the deal.

Question 6

Are these loans available in Alameda County?

Accepted Answer

Yes. Both bank statement and DSCR loans are available in Albany and throughout Alameda County through wholesale lenders.

Bank Statement vs DSCR Loans in Albany, CA