Question 1

Can I use both loans at the same time?

Accepted Answer

Yes. Some borrowers use a bank statement loan for their residence and a DSCR loan for an investment property simultaneously.

Question 2

Which loan has a lower credit score minimum?

Accepted Answer

Both are non-QM and lender guidelines vary. Most lenders want at least a 620–640 score for either program.

Question 3

Do DSCR loans work for short-term rentals?

Accepted Answer

Some lenders will use projected short-term rental income. Not all do — you need a lender who specifically allows it.

Question 4

Can I buy under an LLC with a bank statement loan?

Accepted Answer

LLC purchases are common with DSCR loans. Bank statement loans typically require individual borrower qualification.

Question 5

What down payment do these loans require?

Accepted Answer

Most bank statement and DSCR programs require 20–25% down. Some lenders allow 15% with stronger profiles.

Question 6

Which loan closes faster in San Leandro?

Accepted Answer

DSCR loans often close faster — there's less income documentation to verify. Bank statement loans require more underwriting time.

Bank Statement vs DSCR Loans in San Leandro