Question 1

Can I use a DSCR loan to buy in Larkspur?

Accepted Answer

Yes, as long as the property is investment use. DSCR does not work for primary residences.

Question 2

What credit score do I need for a conventional loan?

Accepted Answer

Lenders require a minimum 620, but most Marin approvals come in at 700 or higher.

Question 3

Does DSCR require a bigger down payment?

Accepted Answer

Typically yes. Most DSCR lenders want 20-25% down on investment properties.

Question 4

Can an LLC get a DSCR loan?

Accepted Answer

Yes. DSCR loans allow LLC vesting, which most conventional loans do not.

Question 5

Which loan has a lower interest rate?

Accepted Answer

Conventional rates run lower. DSCR is a non-QM product, so lenders price in more risk. Rates vary by borrower profile and market conditions.

Question 6

Can I use rental income to qualify for a conventional loan?

Accepted Answer

Sometimes. Conventional guidelines allow rental income with a signed lease and appraisal support, but personal income still matters.

Conventional vs DSCR Loans in Larkspur, CA