Question 1

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

Accepted Answer

Yes. Bank statement loans work for investment properties, but DSCR loans typically offer better rates and terms for pure rental deals.

Question 2

Which loan has lower rates?

Accepted Answer

Neither has a clear edge. Both price 1-2%+ above conventional loans. Your credit score, down payment, and property type determine final pricing.

Question 3

Do DSCR loans require tax returns?

Accepted Answer

No. DSCR loans skip tax returns entirely. Lenders only review the lease agreement and a rent analysis to confirm cash flow.

Question 4

Can I combine bank statements and rental income for qualification?

Accepted Answer

Some lenders allow this on bank statement loans. DSCR loans ignore personal income completely, so combining sources doesn't apply.

Question 5

Which loan closes faster?

Accepted Answer

DSCR loans often close quicker because there's no income documentation to review. Bank statement loans need 12-24 months of statements analyzed.

Bank Statement Loans vs DSCR Loans in Cerritos: Which Non-QM Option Fits Your Deal?