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in Coalinga, CA
Self-employed borrowers and real estate investors in Coalinga face the same problem: traditional lenders won't count their actual income. Bank statement loans use your deposits to qualify you for primary residences or investment properties.
DSCR loans ignore your personal income entirely and approve you based on rental cash flow. Both are non-QM products, but they solve different problems for different borrowers in Fresno County.
Bank statement loans pull 12 to 24 months of your business or personal account statements. Underwriters calculate your average monthly deposits, apply an expense ratio, and use that as qualifying income.
This works for contractors, farmers, truckers, and business owners in Coalinga who write off most earnings. You can buy a primary home, second home, or investment property using the same income calculation.
DSCR loans qualify you on one number: rental income divided by the mortgage payment. If the property's rent covers the debt, you're approved—no tax returns, no pay stubs, no personal income review.
This is built for real estate investors scaling portfolios in Coalinga or across Fresno County. Your debt-to-income ratio doesn't matter because lenders don't calculate it.
Bank statement loans require proof of your business or personal cash flow over time. DSCR loans don't care what you earn—they only care what the property earns.
Bank statement works for any occupancy type. DSCR is investment-only. If you're buying a home to live in while self-employed, bank statement is your only option between these two.
Use bank statement loans if you're self-employed and buying a primary home in Coalinga, or if your rental properties don't cash flow well enough for DSCR. Use DSCR if you're investing and the rent covers the payment.
Most brokers see this split: bank statement for operators buying homes, DSCR for investors buying rentals. If you're doing both, you might use both loan types across different properties.
Yes. Bank statement loans work for investment properties, but DSCR is usually easier if the rent covers the mortgage since you skip personal income review entirely.
Rates vary by borrower profile and market conditions. DSCR rates tend to run slightly higher because lenders take more risk ignoring your personal income.
DSCR loans never require personal tax returns. Bank statement loans sometimes ask for business returns to verify the business exists, but not always.
Yes. You can use bank statement for your primary residence and DSCR for your rental portfolio—different tools for different properties.
Most bank statement lenders want 620 minimum. DSCR lenders typically require 640 or higher, sometimes 680 depending on the deal.