Question 1

Can I use Bank Statement loans for rental property in Bell Gardens?

Accepted Answer

Yes, Bank Statement loans work for investment properties. But if you're purely investing and not living there, DSCR usually makes more sense.

Question 2

Do I need tax returns for either loan?

Accepted Answer

No. Both programs skip tax returns entirely, which helps self-employed borrowers who write off significant expenses.

Question 3

Which loan closes faster?

Accepted Answer

Bank Statement often closes quicker because gathering statements is faster than getting rent comps. DSCR requires detailed appraisal analysis.

Question 4

Can I qualify for DSCR with negative personal income?

Accepted Answer

Yes. DSCR lenders never look at your income, job, or tax returns. Property rent is the only income source that matters.

Question 5

What if my Bell Gardens rental barely breaks even?

Accepted Answer

Bank Statement might work better if your business income is strong. DSCR struggles when rent barely covers the mortgage payment.

Bank Statement vs DSCR Loans: Which Non-QM Option Works for Bell Gardens Investment Property?