Question 1

Can I use a bank statement loan for an investment property?

Accepted Answer

Some lenders allow it, but most bank statement programs are designed for primary residences and second homes. DSCR loans are purpose-built for investment properties and usually price better for that use.

Question 2

Which loan closes faster in Beverly Hills?

Accepted Answer

DSCR loans typically close faster because there's no income verification. You skip employment checks, tax return reviews, and CPA letters. Bank statement loans need more documentation review upfront.

Question 3

Do both loans work for foreign nationals?

Accepted Answer

DSCR loans work well for foreign nationals since they don't require US tax returns. Bank statement loans usually need US bank accounts with 12-24 months of history, making them harder for international buyers.

Question 4

Can I combine both loan types in a portfolio?

Accepted Answer

Absolutely. Many Beverly Hills investors use bank statement loans for their residence and DSCR loans for rental properties. Each serves a different purpose in your overall financing strategy.

Question 5

What if my rental property has a DSCR below 1.0?

Accepted Answer

Some lenders accept DSCR ratios down to 0.75 with 25-30% down. You'll pay higher rates. If rent doesn't cover the payment, bank statement loans might work better if you can prove other income.

Bank Statement vs DSCR Loans in Beverly Hills: Which Non-QM Loan Fits Your Investment Strategy?