Question 1

Can I use a DSCR loan for a primary residence?

Accepted Answer

No. DSCR loans are for investment properties only. Owner-occupied homes require conventional or government-backed financing.

Question 2

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders want 680 or higher. Some go down to 640, but expect a higher rate at the lower end.

Question 3

How much down for a DSCR loan in Orland?

Accepted Answer

Plan on 20-25% down minimum. DSCR lenders treat these as investment properties with no low-down options.

Question 4

Do conventional loans work for rental properties?

Accepted Answer

Yes, up to 10 financed properties with Fannie Mae. But you must qualify using your personal income and debt ratios.

Question 5

Which loan closes faster in Glenn County?

Accepted Answer

Conventional loans typically close in 21-30 days. DSCR can close similarly fast since there's no income verification delay.

Question 6

Can an LLC take out a DSCR loan?

Accepted Answer

Yes. Most DSCR lenders allow LLC vesting. Conventional loans generally require the borrower to hold title personally.

Conventional vs DSCR Loans in Orland, CA