Question 1

Can I use DSCR for a primary residence in Bell Gardens?

Accepted Answer

No. DSCR loans only work for investment properties that generate rental income. You need conventional or FHA financing for owner-occupied homes.

Question 2

Which loan type closes faster?

Accepted Answer

DSCR typically closes in 3 weeks versus 4-5 weeks for conventional. Less documentation means faster underwriting with fewer conditions.

Question 3

Do DSCR loans allow cash-out refinancing?

Accepted Answer

Yes. You can pull equity from Bell Gardens rentals using DSCR as long as the property still meets the debt coverage ratio after the new loan amount.

Question 4

What credit score do I need for each loan type?

Accepted Answer

Conventional requires minimum 620, though 740+ gets best pricing. DSCR typically needs 660 minimum, with better rates above 700.

Question 5

Can I buy multiple Bell Gardens properties with DSCR?

Accepted Answer

Yes. DSCR loans don't count against conventional loan limits, so you can finance unlimited rental properties as long as each meets the ratio.

Conventional vs DSCR Loans in Bell Gardens: Which Fits Your Investment Strategy?