Question 1

Can I use DSCR for a primary residence in Calexico?

Accepted Answer

No. DSCR is investment property only. For a primary residence, conventional or government-backed loans are your options.

Question 2

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders require a 680 minimum. Some go to 660, but your rate improves significantly above 720.

Question 3

Does conventional work for a duplex in Calexico?

Accepted Answer

Yes, up to 4 units if you occupy one. Beyond that, DSCR or commercial financing is the path forward.

Question 4

How is DSCR calculated on a rental property?

Accepted Answer

Divide the monthly rent by the total mortgage payment. A $1,200 rent on a $1,000 payment equals a 1.2 DSCR.

Question 5

Which loan closes faster in Imperial County?

Accepted Answer

Conventional loans typically close in 21-30 days with clean files. DSCR can match that pace since there's no income doc review.

Question 6

Can I have both a conventional and a DSCR loan?

Accepted Answer

Yes. Many investors use conventional for their primary home and DSCR for rental properties. They don't conflict.

Conventional vs DSCR Loans in Calexico, CA