Question 1

Can I use bank statement loans for investment properties in Parlier?

Accepted Answer

Yes, but you'll need 15% to 20% down and lenders will verify your self-employment income. DSCR often makes more sense for pure investment purchases.

Question 2

What DSCR ratio do I need to get approved?

Accepted Answer

Most lenders require 1.0 minimum, meaning rent covers the full payment. Ratios above 1.25 unlock better pricing and smoother approvals.

Question 3

Do both loan types accept seasonal business income?

Accepted Answer

Bank statement loans average deposits over 12-24 months, smoothing seasonal swings. DSCR doesn't care about your business income at all.

Question 4

Which loan closes faster in Fresno County?

Accepted Answer

DSCR typically closes quicker because there's no personal income to verify. Bank statement loans need 12-24 months of statements analyzed.

Question 5

Can I combine these loan types for multiple properties?

Accepted Answer

Not on the same property. But you can use bank statement for your primary home and DSCR for rentals simultaneously.

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