Question 1

Can I use a DSCR loan to buy a primary residence?

Accepted Answer

No. DSCR loans are for investment properties only. Use conventional financing for a home you plan to occupy.

Question 2

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders require a 680 minimum. Higher scores get better rates. Rates vary by borrower profile and market conditions.

Question 3

Do conventional loans work for rental properties?

Accepted Answer

Yes, up to 10 financed properties under Fannie Mae guidelines. Your personal income and debt ratios still determine approval.

Question 4

Which loan closes faster in Belvedere?

Accepted Answer

DSCR often closes faster since there is no income verification. Conventional can be equally fast with clean documentation.

Question 5

Can an LLC take out a DSCR loan?

Accepted Answer

Yes. Many DSCR lenders allow LLC borrowing. This is one reason investors prefer DSCR over conventional for rentals.

Conventional vs DSCR Loans in Belvedere, CA