Question 1

Can I use a DSCR loan to buy a vacation rental in Trinidad?

Accepted Answer

Yes. Short-term rental income can qualify, but lenders want documented market rent. Some use Airbnb projections — not all do.

Question 2

Do Bank Statement Loans work for LLCs?

Accepted Answer

Most lenders want the borrower to be an individual. DSCR is the better fit if you're buying under an LLC.

Question 3

What credit score do I need for either loan?

Accepted Answer

Most non-QM lenders want at least 660–680. Higher scores get better rates. Rates vary by borrower profile and market conditions.

Question 4

Which loan closes faster?

Accepted Answer

DSCR is often simpler to process — no personal income review. Bank Statement underwriting takes more time reviewing deposit history.

Question 5

Can I use both loans if I'm self-employed and buying a rental?

Accepted Answer

Yes. A self-employed investor could use Bank Statement for a primary and DSCR for a rental simultaneously.

Bank Statement vs DSCR Loans in Trinidad, CA