Question 1

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

Accepted Answer

No. DSCR loans are for investment properties only. For a primary residence, you need conventional or a government-backed loan.

Question 2

Do DSCR loans require a down payment?

Accepted Answer

Yes. Most DSCR lenders require 20-25% down. It is a higher bar than some conventional programs.

Question 3

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders want at least 680. Some go lower, but rates increase sharply below that threshold.

Question 4

Is a conventional loan harder to get than DSCR?

Accepted Answer

Not harder — just different. Conventional checks your personal income. If your returns are thin, DSCR may actually be easier to close.

Question 5

Can a self-employed landlord in Kings County use DSCR?

Accepted Answer

Yes, and that is exactly who DSCR is designed for. No tax returns needed — the rental income does the qualifying work.

Question 6

Which loan has better rates in Hanford right now?

Accepted Answer

Conventional rates run lower. DSCR carries a premium for the flexible qualification. Rates vary by borrower profile and market conditions.

Conventional vs DSCR Loans in Hanford, CA