Question 1

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

Accepted Answer

No. DSCR is investment property only. For a primary residence, a bank statement loan is the better fit.

Question 2

Do bank statement loans require good credit?

Accepted Answer

Most lenders want at least a 620 score, though stronger profiles get better pricing. Higher credit helps on rate.

Question 3

What DSCR ratio do lenders require in Marin County?

Accepted Answer

Most lenders require 1.0 or above. Some allow below 1.0 with compensating factors like a larger down payment.

Question 4

Which loan has a lower down payment requirement?

Accepted Answer

Bank statement loans can go as low as 10% down. DSCR loans typically require 20–25% for investment properties.

Question 5

Can a self-employed borrower use a DSCR loan?

Accepted Answer

Yes — if they're buying a rental. DSCR ignores personal income entirely, which can actually be an advantage.

Question 6

How do I know which loan fits my Novato deal?

Accepted Answer

Tell us the property type and how you'll use it. We'll match you to the right program across our lender network.

Bank Statement vs DSCR Loans in Novato, CA