Question 1

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

Accepted Answer

No. DSCR loans are investment property products only. For a primary residence, you need conventional or government-backed financing.

Question 2

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders want 680 or higher. Some go down to 660 with more equity or a stronger DSCR ratio.

Question 3

How much do I need down for a DSCR loan vs conventional?

Accepted Answer

DSCR loans typically require 20-25% down. Conventional loans can go as low as 3% for qualified buyers.

Question 4

Do conventional loans work for rental properties?

Accepted Answer

Yes, up to 10 financed properties. But lenders use your personal income and DTI, which limits how many deals you can stack.

Question 5

Which loan is faster to close in Imperial County?

Accepted Answer

DSCR loans often close faster. No tax return analysis or employer verification speeds up underwriting significantly.

Conventional vs DSCR Loans in Imperial, CA