Question 1

Can I use both loan types at the same time?

Accepted Answer

Yes. A bank statement loan can finance your primary home while a DSCR loan covers a rental. They underwrite separately, so one doesn't block the other.

Question 2

What credit score do I need for each loan?

Accepted Answer

Most lenders want a 660+ for bank statement loans and a 640+ for DSCR. Exact minimums vary by lender and loan size. Rates vary by borrower profile and market conditions.

Question 3

Do DSCR loans require a large down payment?

Accepted Answer

Most DSCR lenders require 20–25% down on investment property. That's standard for non-owner-occupied loans regardless of loan type.

Question 4

Can I use a DSCR loan for a short-term rental in Crescent City?

Accepted Answer

Some lenders allow short-term rental income for DSCR qualification. Not all do — we know which wholesale lenders accept it.

Question 5

Which loan closes faster?

Accepted Answer

DSCR loans often close faster because there's less income documentation to process. Bank statement loans require underwriters to analyze deposit history, which takes more time.

Question 6

Are these loans available for multi-unit properties?

Accepted Answer

Yes. Both loan types can work on 2-4 unit properties. DSCR is especially common on small multifamily deals where rental income is the whole story.

Bank Statement vs DSCR Loans in Crescent City