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in Westlake Village, CA
Westlake Village sits at the LA-Ventura county line with strong rental demand from corporate relocations and families. Your loan choice depends entirely on whether you're moving in or buying a rental property.
Conventional loans treat you like a homeowner with W-2 income and tax returns. DSCR loans ignore your personal finances and qualify you purely on the property's rental income potential.
Conventional loans give you the lowest rates and best terms if you're buying a primary residence. You'll need solid credit, stable employment history, and documented income through W-2s or tax returns.
Down payments start at 3% for first-time buyers, 5% for repeats. Rates typically run 0.5-1% lower than investor products because lenders see owner-occupants as lower risk.
DSCR loans qualify you on rental income alone. The property needs to generate enough rent to cover the mortgage payment by a certain ratio, typically 1.0x or higher depending on the lender.
No tax returns, no W-2s, no employment verification. You could be self-employed, retired, or have complex income that doesn't show well on paper. The property's cash flow is what matters.
Conventional loans require you to live in the property as your primary residence for at least a year. DSCR loans are investment-only — you cannot occupy the property as your main home.
Rate difference runs about 1-1.5% higher on DSCR because it's a riskier product for lenders. Conventional gives you lower rates but ties you to employment documentation and occupancy requirements.
If you're buying a home to live in, conventional wins on rate and down payment flexibility. No contest. DSCR doesn't even allow owner occupancy, so it's not an option.
If you're buying a rental property in Westlake Village, DSCR makes sense when your personal income is hard to document or you want to scale without employment verification slowing you down. The higher rate is the trade-off for not having to prove W-2 income.
No. DSCR loans are investment-only products. If you're occupying the property as your primary residence, you need a conventional loan or another owner-occupant program.
DSCR rates typically run 1-1.5% higher as of February 2026. The trade-off is no income verification, which matters more to investors than the rate difference.
Only if you live in it first for at least 12 months. After that you can convert it to a rental. Pure investment purchases require investor loan products.
Conventional goes as low as 3-5% for owner-occupants. DSCR loans typically require 20-25% down for investment properties.
Yes, both are available here. Your choice depends on occupancy intent and whether you want to document personal income or use rental cash flow for approval.