Question 1

Can I use a Bank Statement Loan to buy a rental property?

Accepted Answer

Yes. Bank Statement Loans work for investment properties. But if the rental income can carry the debt, DSCR is usually simpler.

Question 2

Do DSCR Loans check my credit score?

Accepted Answer

Yes. Most lenders require a minimum score, typically 620 to 680. The property cash flow qualifies the loan — your credit still has to clear.

Question 3

Which loan has a lower down payment requirement?

Accepted Answer

Both Non-QM products typically require 20% or more down. Exact requirements vary by lender and borrower profile.

Question 4

What if my DSCR ratio falls below 1.0?

Accepted Answer

Some lenders allow ratios below 1.0 with a larger down payment. Not every lender offers this — we shop it across our network.

Question 5

Can I use both loans at the same time?

Accepted Answer

Yes. A self-employed investor could use a Bank Statement Loan for a primary home and a DSCR Loan for a rental — simultaneously.

Question 6

Are short-term rentals eligible for DSCR Loans in Calaveras County?

Accepted Answer

Some lenders accept short-term rental income projections for DSCR. Lender guidelines vary, so this needs direct verification.

Bank Statement vs DSCR Loans in Angels Camp