Question 1

Can I use a DSCR loan to buy a primary residence?

Accepted Answer

No. DSCR loans are investment property products only. You need a conventional or government loan for a home you plan to live in.

Question 2

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders want 680 or higher. Some go down to 640 with a higher down payment. Conventional loans start at 620.

Question 3

How much do I need to put down for a DSCR loan?

Accepted Answer

Expect 20-25% down for most DSCR loans. Conventional investment property loans also require 15-25% down.

Question 4

Do DSCR loans require tax returns?

Accepted Answer

No tax returns are required. The lender underwrites the deal based on the property's rent, not your personal income.

Question 5

Which loan is better for a short-term rental in Amador County?

Accepted Answer

DSCR, if the property pencils out. Lenders use market rent or actual lease income. Short-term rental income treatment varies by lender.

Question 6

Are conventional loans available for investment properties?

Accepted Answer

Yes, but requirements are stricter. Expect higher rates, larger down payments, and full income documentation compared to primary residence loans.

Conventional vs DSCR Loans in Sutter Creek, CA