Question 1

Can I use a DSCR loan to buy a primary home in Brawley?

Accepted Answer

No. DSCR loans are for investment properties only. For a primary home, you'd need a Bank Statement or traditional loan.

Question 2

Do Bank Statement loans require good credit?

Accepted Answer

Yes. Most lenders want at least a 620 to 640 credit score. Higher scores get better rates. Rates vary by borrower profile and market conditions.

Question 3

What counts as a good DSCR ratio?

Accepted Answer

Most lenders want 1.0 or higher — meaning rent covers the full mortgage payment. A ratio below 1.0 means the property loses money monthly.

Question 4

Can a self-employed investor use a DSCR loan?

Accepted Answer

Yes. DSCR lenders don't check your personal income at all. It is one of the cleanest options for self-employed investors.

Question 5

Which loan has a higher down payment requirement?

Accepted Answer

DSCR loans typically require 20–25% down. Bank Statement loans can go as low as 10% for well-qualified borrowers.

Question 6

Are both loans available in Imperial County?

Accepted Answer

Yes. SRK CAPITAL works with 200+ wholesale lenders. We source both programs for Brawley and Imperial County borrowers.

Bank Statement vs DSCR Loans in Brawley, CA