Question 1

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

Accepted Answer

No. DSCR loans are for investment properties only. Use a bank statement loan if you're buying a home to live in.

Question 2

Do both loans require good credit?

Accepted Answer

Yes. Most lenders want 660 or higher for both products. Lower scores reduce your options and raise your rate.

Question 3

Can I buy under an LLC with a bank statement loan?

Accepted Answer

Rarely. Most bank statement lenders require you to borrow as an individual. DSCR lenders routinely close in LLC names.

Question 4

How many months of statements do I need?

Accepted Answer

Bank statement loans require 12 to 24 months. DSCR loans skip bank statements entirely — the rent roll is what matters.

Question 5

Which loan closes faster in Avenal?

Accepted Answer

Both are non-QM and underwrite similarly. DSCR can close faster if the property has existing lease agreements in place.

Bank Statement vs DSCR Loans in Avenal, CA