Question 1

Can I use a DSCR loan to buy a Fowler home I'll live in?

Accepted Answer

No. DSCR loans are for investment properties only. Use a bank statement loan if you're occupying the property.

Question 2

Which loan has lower rates in Fowler?

Accepted Answer

Rates vary by borrower profile and market conditions. Neither consistently beats the other—it depends on your DSCR ratio or bank deposit strength.

Question 3

Do both loans require tax returns?

Accepted Answer

Bank statement loans skip tax returns but verify income through deposits. DSCR loans don't look at tax returns or bank statements at all.

Question 4

Can I use both loan types for a rental property?

Accepted Answer

Yes. Bank statement loans allow investment properties. Choose based on whether you want personal income verification or property-only qualification.

Question 5

What credit score do I need for each?

Accepted Answer

Both typically require 620 minimum. DSCR programs may accept lower scores if your debt service coverage ratio is strong.

Bank Statement vs DSCR Loans in Fowler: Which Non-QM Option Fits Your Investment Strategy?