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, you'd need a Bank Statement loan or another program.

Question 2

Do Bank Statement loans require good credit?

Accepted Answer

Most lenders want at least a 620 score, and better rates start around 680. Credit matters more here than with some other non-QM products.

Question 3

Which loan has a lower down payment requirement?

Accepted Answer

Both typically require 20% or more down. DSCR loans for investment properties often start at 20–25%. Bank Statement loans may allow less for primary homes.

Question 4

What counts as a qualifying DSCR ratio?

Accepted Answer

Most lenders require a DSCR of 1.0 or higher. A 1.25 ratio is stronger and may unlock better pricing.

Question 5

Can a self-employed landlord use both loan types?

Accepted Answer

Yes. Many of our clients use a Bank Statement loan for their home and a DSCR loan for their rentals. They serve different purposes.

Question 6

Are these loans available in Pleasanton specifically?

Accepted Answer

Absolutely. We work with 200+ wholesale lenders and close non-QM loans across Alameda County regularly.

Bank Statement vs DSCR Loans in Pleasanton, CA