Question 1

Can I use a DSCR loan to buy my primary residence?

Accepted Answer

No. DSCR loans are for investment properties only. For a primary home, self-employed borrowers need Bank Statement or another income doc alternative.

Question 2

What credit score do I need for each loan?

Accepted Answer

Most lenders want 680+ for Bank Statement loans. DSCR lenders often accept 660+. Rates vary by borrower profile and market conditions.

Question 3

Can I buy a Dublin rental property under my LLC?

Accepted Answer

Yes — DSCR loans are commonly structured under an LLC. Bank Statement loans typically require individual borrower qualification.

Question 4

How much down payment do these loans require?

Accepted Answer

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

Question 5

Do both loans charge higher rates than conventional?

Accepted Answer

Yes, both carry a premium over conventional rates. DSCR loans often price slightly higher than Bank Statement loans. Rates vary by borrower profile and market conditions.

Bank Statement vs DSCR Loans in Dublin, CA