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in Markleeville, CA
Markleeville buyers with non-traditional income choose between bank statement and DSCR loans. Both accept self-employed and business-owner income without W-2s. Alpine County's median household income is $110,781, and the 2026 conforming limit is $832,750.
Bank statement loans and DSCR loans solve the same problem: proving income when tax returns don't work. The difference is what documentation they accept and how lenders evaluate the risk.
Bank statement loans let self-employed buyers prove income through 12 to 24 months of business bank statements. Lenders average deposits to calculate qualifying income. Down payments typically start at 20% and rates run higher than conventional.
Underwriting focuses on cash flow patterns and account history. You'll need clean statements showing consistent deposits. Reserves and credit score matter more with alternative income documentation.
DSCR loans measure a property's rental income against its debt obligations. Investors and owner-occupants with rental units use that income to qualify. The loan amount depends on the property's cash flow, not personal W-2 income.
DSCR loans typically require 20-25% down and accept bank statements plus lease agreements. Rates are higher than conventional but competitive with bank statement loans. The property's ability to pay itself drives qualification.
Bank statement loans qualify on personal business cash flow. DSCR loans qualify on rental property cash flow. Choose bank statement if you're self-employed without rental property. Choose DSCR if you own rental units.
Down payment expectations are similar at 20% or more. DSCR loans may require higher reserves than bank statement loans. Both carry rates above conforming, but pricing varies by lender.
A self-employed contractor or freelancer with strong bank statements should choose bank statement loans. You'll show 12-24 months of deposits and qualify on business cash flow. This path works when W-2 income doesn't exist.
A real estate investor or owner-occupant with rental units should choose DSCR loans. Your rental income becomes the qualification engine. This works even if personal W-2 income is modest.
Yes — both programs typically require 20% down minimum. Some lenders may go to 15% with strong reserves and credit. Higher down payments improve your rate.
No — most lenders require 12 to 24 months of statements. New businesses lack the history to prove consistent cash flow. Wait until you have one year of deposits.
Bank statement loans use your personal income; DSCR uses the rental property's cash flow. If the property generates strong rental income, DSCR may qualify you for more. Both accept alternative documentation.
Yes — both carry rates 0.5% to 1.5% above conventional loans. The trade-off is accepting alternative income documentation instead of W-2s. Stronger reserves and credit can narrow the gap.