Question 1

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

Accepted Answer

No. DSCR loans are investment-property only. If you're occupying the home, you need a conventional, FHA, or VA loan.

Question 2

What's the minimum down payment for each loan type?

Accepted Answer

Conventional primary homes start at 3-5% down. DSCR loans require 20-25% down minimum, sometimes 30% for lower credit scores.

Question 3

Do DSCR loans have higher rates than conventional investment loans?

Accepted Answer

Yes. DSCR rates typically run 0.5-0.75% higher. Rates vary by borrower profile and market conditions.

Question 4

Can I refinance from conventional to DSCR or vice versa?

Accepted Answer

Yes. Investors often refi conventional rentals into DSCR to free up DTI capacity, then buy more properties.

Question 5

Which loan type is easier to qualify for in Pinole?

Accepted Answer

Depends on your situation. Conventional is easier for W-2 earners. DSCR is easier for self-employed or investors with maxed DTI.

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