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in Hidden Hills, CA
Hidden Hills attracts investors who don't fit traditional mortgage boxes. Bank statement and DSCR loans serve different needs despite both being non-QM products.
Bank statement loans work for self-employed buyers purchasing primary homes or second properties. DSCR loans exist solely for rental investors who want qualification based on property cash flow, not personal income.
Bank statement loans use 12 to 24 months of deposits to calculate qualifying income. Underwriters review your business or personal accounts and apply a percentage to determine monthly earnings.
This program works for business owners, freelancers, and 1099 contractors buying a home to live in. You can also use it for investment properties if you want personal income considered in qualification.
DSCR loans qualify you based on rental income divided by the property's debt obligation. If the property generates enough rent to cover the mortgage, you're eligible regardless of personal income.
Your tax returns, pay stubs, and employment don't matter. Underwriters only care whether the rental cash flow supports the loan payment with adequate margin.
Bank statement loans evaluate you as a borrower with income documentation replaced by deposits. DSCR loans evaluate the property as an income-generating asset with you barely factored into underwriting.
If you're buying a home to live in, DSCR isn't an option. If you're buying a rental and don't want your personal finances scrutinized, bank statements won't help because DSCR ignores your income entirely.
Choose bank statement loans if you're self-employed and buying a primary residence in Hidden Hills. This program lets you qualify without tax returns showing reduced income from business write-offs.
Choose DSCR if you're adding another rental to your portfolio and want approval based purely on property performance. Works especially well for investors with multiple properties who don't want debt-to-income ratios calculated across their entire portfolio.
Yes, but only if you want your personal income considered. DSCR makes more sense for pure investment purchases since it ignores your tax returns entirely.
Rates vary by borrower profile and market conditions. DSCR often prices better when the property has strong rental income and high DSCR ratios above 1.25.
Bank statement loans start at 10% down for owner-occupied properties. DSCR typically requires 20-25% down for investment purchases.
DSCR requires zero personal income docs. Bank statement loans require 12-24 months of statements proving deposit history instead of tax returns.
DSCR usually closes quicker since underwriters only analyze the rental property lease and appraisal. Bank statements take longer to review and calculate income.