Question 1

Can I use a DSCR loan for a primary residence?

Accepted Answer

No. DSCR loans are for investment properties only. For a primary home, a bank statement loan is the non-QM option.

Question 2

What credit score do these loans require?

Accepted Answer

Most lenders want 660+ for both programs. Stronger credit gets you better pricing on non-QM products.

Question 3

Do bank statement loans need business bank statements?

Accepted Answer

Either personal or business statements work. Business statements typically apply a 50% expense factor to deposits.

Question 4

How is DSCR calculated?

Accepted Answer

Divide monthly gross rent by monthly PITIA (principal, interest, taxes, insurance, HOA). At or above 1.0 is the standard threshold.

Question 5

Can I use both loan types at the same time?

Accepted Answer

Yes. A self-employed investor could use a bank statement loan on their home and a DSCR loan on a rental simultaneously.

Question 6

What down payment do these loans require?

Accepted Answer

Expect 10–20% down for bank statement loans and 20–25% for DSCR. Exact requirements vary by lender and borrower profile.

Bank Statement vs DSCR Loans in Piedmont, CA