Question 1

Can I use a DSCR loan to buy a primary residence?

Accepted Answer

No. DSCR loans are investment property only. For a home you'll live in, you need conventional or a government-backed loan.

Question 2

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders want a 660 or higher. Some go down to 620, but rates worsen fast below 700.

Question 3

Do conventional loans work for rental properties?

Accepted Answer

Yes, up to a point. Conventional allows investment property purchases, but your personal debt-to-income ratio still counts.

Question 4

Which loan closes faster in Holtville?

Accepted Answer

DSCR loans often close faster. No income verification means fewer documents to collect and underwrite.

Question 5

Is a DSCR loan harder to get than conventional?

Accepted Answer

Not necessarily. It's just different. Strong rental income can make DSCR easier for investors who write off income heavily on taxes.

Conventional vs DSCR Loans in Holtville, CA