Question 1

Can I use Airbnb income for a DSCR loan in South Lake Tahoe?

Accepted Answer

Some lenders accept short-term rental income with documented history or market projections. Requirements vary by lender.

Question 2

Do bank statement loans require good credit?

Accepted Answer

Yes. Most lenders want a 620 or higher score. Better credit gets you better pricing. Rates vary by borrower profile and market conditions.

Question 3

Can I buy a vacation cabin as a second home with a DSCR loan?

Accepted Answer

No. DSCR loans are for investment properties only. Second homes need a different loan structure.

Question 4

What DSCR ratio do lenders want?

Accepted Answer

Most lenders require a ratio of 1.0 or above — meaning rent at least covers the monthly payment. Some allow below 1.0 with compensating factors.

Question 5

Which loan closes faster?

Accepted Answer

Both are non-QM and timelines vary by lender. Having clean bank statements or strong rent data ready speeds up either process.

Question 6

Can I use both loan types if I own multiple Tahoe properties?

Accepted Answer

Absolutely. Many investors use bank statement loans on their primary and DSCR loans on rentals. We can structure both.

Bank Statement vs DSCR Loans in South Lake Tahoe