Question 1

Can I use a Bank Statement Loan for a rental property?

Accepted Answer

Yes. Bank Statement Loans work for investment properties. DSCR is often simpler for rentals, but Bank Statement is a valid option.

Question 2

Do DSCR Loans require proof of my income?

Accepted Answer

No. Lenders qualify the property, not you. Your personal tax returns and pay stubs stay out of the file.

Question 3

Which loan has a lower minimum credit score?

Accepted Answer

Both are non-QM and vary by lender. Requirements differ across our 200+ wholesale lenders — we find the best match for your profile.

Question 4

Can I use a DSCR Loan to buy a primary residence in Madera?

Accepted Answer

No. DSCR Loans are for investment properties only. For a primary residence, Bank Statement is the right non-QM option.

Question 5

How much down payment do these loans require?

Accepted Answer

Requirements vary by lender and borrower profile. Rates vary by borrower profile and market conditions.

Question 6

Which loan closes faster?

Accepted Answer

DSCR loans often move faster — there's less income documentation to verify. Bank Statement loans take longer to process deposit history.

Bank Statement vs DSCR Loans in Madera, CA