Question 1

Can I use DSCR for a primary residence in Plymouth?

Accepted Answer

No. DSCR requires the property to be an investment rental. You must rent it out to qualify on the income stream.

Question 2

What credit score do I need for each loan type?

Accepted Answer

Conventional requires 620 minimum. DSCR needs 680+ due to the no-income-verification structure and investor risk profile.

Question 3

How much rental income do I need for DSCR approval?

Accepted Answer

Monthly rent must cover 75-100% of your total housing payment. We calculate this using market rents or an existing lease agreement.

Question 4

Which loan closes faster in Amador County?

Accepted Answer

Conventional typically closes in 21-30 days. DSCR takes 30-45 days due to rental analysis and investor underwriting requirements.

Question 5

Can I avoid PMI with DSCR loans?

Accepted Answer

Yes. DSCR requires 20-25% down, so you're automatically above the PMI threshold conventional loans use at 80% LTV.

Conventional vs DSCR Loans in Plymouth: Owner-Occupant or Investment Property?