Question 1

Can I use a bank statement loan for a rental property in Martinez?

Accepted Answer

Yes, bank statement loans work for investment properties. But if the rental income alone qualifies you under DSCR guidelines, that's usually the simpler path with less documentation.

Question 2

Which loan has better rates for Martinez investors?

Accepted Answer

Rates vary by borrower profile and market conditions, but DSCR loans often price slightly higher than bank statement loans. The trade-off is zero income verification and faster closing.

Question 3

Do I need the same credit score for both loan types?

Accepted Answer

Both typically require 620+ minimum. DSCR lenders may accept slightly lower scores if the property cash flows well and you put 25%+ down.

Question 4

Can I combine rental income with bank statement income?

Accepted Answer

No, these are separate qualification methods. You either qualify on bank statements or property DSCR. Some lenders layer rental income into bank statement calculations, but that's case-by-case.

Question 5

Which loan closes faster in Contra Costa County?

Accepted Answer

DSCR loans typically close faster because there's no income documentation. You skip employment verification, bank statement analysis, and profit-and-loss reviews. Expect 3-4 weeks versus 4-6 for bank statement loans.

Bank Statement Loans vs DSCR Loans in Martinez: Which Non-QM Option Fits Your Goals?