Question 1

Can I use a DSCR Loan for a primary home in Larkspur?

Accepted Answer

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

Question 2

Do Bank Statement Loans require good credit?

Accepted Answer

Most lenders want at least a 620 score. Better credit gets you better pricing.

Question 3

What counts as a qualifying DSCR ratio?

Accepted Answer

Most lenders want 1.0 or higher. Many prefer 1.1 to 1.25. Below 1.0 means the rent doesn't cover the payment.

Question 4

Can I use both loan types as an investor?

Accepted Answer

Yes. Some investors use Bank Statement for properties they occupy and DSCR for rentals they don't.

Question 5

Which loan is faster to close?

Accepted Answer

DSCR is often faster. There's no income analysis — just property cash flow. Bank Statement review takes more time.

Question 6

Are these loans available for Larkspur condos?

Accepted Answer

Often yes, but condo approval depends on the project. Warrantability rules still apply to many Non-QM lenders.

Bank Statement vs DSCR Loans in Larkspur