Question 1

Can I use a DSCR loan to buy my primary residence in Belvedere?

Accepted Answer

No. DSCR loans are for investment properties only. For a primary residence, you'd need a Bank Statement or conventional loan.

Question 2

Do Bank Statement loans require two years of self-employment?

Accepted Answer

Most lenders want at least two years of self-employment history. Some non-QM lenders will consider 12 months in certain situations.

Question 3

What DSCR ratio do lenders typically require?

Accepted Answer

Most lenders want a DSCR of 1.0 or higher. That means the rental income at least covers the full mortgage payment.

Question 4

Can I get a DSCR loan in my LLC's name?

Accepted Answer

Yes. Most DSCR lenders allow LLC vesting. That's a key reason investors prefer this product for portfolio building.

Question 5

Which loan has stricter credit requirements?

Accepted Answer

Both are non-QM, but DSCR loans sometimes allow slightly lower scores. Requirements vary by lender — we shop both.

Question 6

Can a self-employed investor use both loan types?

Accepted Answer

Absolutely. You might use a Bank Statement loan on your home and a DSCR loan on a rental. Different deals, different tools.

Bank Statement vs DSCR Loans in Belvedere, CA