Question 1

Can I use a DSCR loan to buy a home in Fairfax to live in?

Accepted Answer

No. DSCR loans are for investment properties only. Use conventional financing for a primary residence.

Question 2

What credit score do I need for each loan?

Accepted Answer

Conventional typically requires 620 minimum. DSCR lenders usually want 660–680, sometimes higher for better rates.

Question 3

Do DSCR loans require tax returns?

Accepted Answer

No. That's the point. Qualification is based on the rental property's income, not your personal returns.

Question 4

Which loan has lower rates in Marin County?

Accepted Answer

Conventional rates run lower for qualified borrowers. DSCR carries a premium for the flexible qualification. Rates vary by borrower profile and market conditions.

Question 5

Can I get a conventional loan on a Fairfax rental property?

Accepted Answer

Yes — conventional allows investment property purchases. Down payment requirements are higher, typically 15–25%.

Question 6

What down payment does a DSCR loan require?

Accepted Answer

Most DSCR lenders require 20–25% down on investment properties. Some programs allow 15% with stronger cash flow.

Conventional vs DSCR Loans in Fairfax, CA