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in Brawley, CA
Both loans skip traditional income docs. Neither requires W-2s or tax returns to qualify.
The right choice depends on one thing: are you buying for your business or for rental income?
Bank Statement loans use 12 to 24 months of deposits to prove your income. Lenders average those deposits instead of reading your tax returns.
This works well for self-employed borrowers. Especially those whose write-offs make taxable income look low on paper.
DSCR loans qualify based on the property's rent, not your income. Lenders look at whether the rent covers the mortgage payment.
A DSCR of 1.0 means rent equals the payment. Most lenders want 1.0 to 1.25 or better to approve the loan.
Bank Statement loans look at you. DSCR loans look at the property. That is the core difference between the two.
DSCR loans are investor-only. Bank Statement loans can be used for primary homes, second homes, or investment properties.
Buying a home to live in or run your business from? Bank Statement is your path in Brawley.
Buying a rental in Imperial County to generate cash flow? Run the DSCR numbers first. If the rent covers the payment, you may not need to show a single pay stub.
No. DSCR loans are for investment properties only. For a primary home, you'd need a Bank Statement or traditional loan.
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.
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.
Yes. DSCR lenders don't check your personal income at all. It is one of the cleanest options for self-employed investors.
DSCR loans typically require 20–25% down. Bank Statement loans can go as low as 10% for well-qualified borrowers.
Yes. SRK CAPITAL works with 200+ wholesale lenders. We source both programs for Brawley and Imperial County borrowers.