Question 1

Can I use a DSCR loan on my primary residence in Bell?

Accepted Answer

No. DSCR loans require the property to be rented. You can't live in a DSCR-financed home as your primary residence.

Question 2

Which loan has better rates for investment properties?

Accepted Answer

Conventional loans offer lower rates even on rentals. DSCR rates run 1-2% higher but don't require personal income verification.

Question 3

Do both loans work on multi-family properties in Bell?

Accepted Answer

Conventional covers 1-4 units with owner-occupancy on 2-4 units. DSCR handles 1-4 unit rentals plus some commercial property types.

Question 4

What credit score gets me the best pricing?

Accepted Answer

740+ gets top-tier conventional pricing. DSCR loans tier pricing at 680, 700, 720, and 740 with significant rate jumps between levels.

Question 5

Can I refinance from conventional to DSCR?

Accepted Answer

Yes, if the property is now rented and meets DSCR requirements. Most investors do this when converting a primary home to a rental.

Conventional vs DSCR Loans in Bell: Owner-Occupant or Investor Financing?