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in Corte Madera, CA
Both loans skip W-2s entirely. That's where the similarity ends.
Corte Madera attracts self-employed professionals and property investors. These two non-QM loans serve very different versions of that buyer.
Bank Statement loans verify income using 12 to 24 months of deposits. Lenders average those deposits to calculate qualifying income.
This is the go-to loan for self-employed borrowers whose tax returns show write-offs that crush their stated income. Your actual cash flow is what matters here.
DSCR loans qualify you based on the rental property's income — not yours. Lenders divide the monthly rent by the monthly mortgage payment.
A DSCR of 1.0 means rent covers the mortgage exactly. Most lenders want 1.1 or higher. Your personal income never enters the equation.
Local decision guide
Use this comparison to weigh Bank Statement Loans and DSCR Loans through local payment fit, eligibility, documentation, and timing before choosing a path in Corte Madera.
Both loans skip W-2s entirely. That's where the similarity ends.
Corte Madera attracts self-employed professionals and property investors. These two non-QM loans serve very different versions of that buyer.
Bank Statement loans verify income using 12 to 24 months of deposits. Lenders average those deposits to calculate qualifying income.
Bank Statement loans are about you — your income, your creditworthiness, your primary residence or investment. DSCR loans are about the property's numbers.
Rates vary by borrower profile and market conditions. DSCR loans often carry slightly higher rates. Bank Statement loans can price tighter when your deposit history is clean and consistent.
Buying a home to live in, or a mixed-use property in Marin? Bank Statement is likely your path if you're self-employed with strong deposits.
Buying a rental in Corte Madera and want lenders to ignore your personal income completely? That's a DSCR deal. Especially useful if you already own multiple properties.
Yes. Some investors use a Bank Statement loan for their primary home and a DSCR loan for rentals. Different properties, different qualification methods.
Both are non-QM, but requirements vary by lender. DSCR loans sometimes allow slightly lower scores. We shop both across 200+ wholesale lenders to find your best fit.
Some lenders accept Airbnb income for DSCR qualification. Not all do. The rental market in Marin can support strong short-term income numbers worth presenting.
Expect 20% to 25% down for both loan types. DSCR lenders may require more depending on the property's cash flow ratio.
Higher property values in Marin can push loan amounts into jumbo territory. Both programs have jumbo non-QM options, but lender appetite varies.
Non-QM loans typically close in 21 to 30 days. Having 12 to 24 months of statements ready upfront speeds the process significantly.