Question 1

Can I use a DSCR loan for a primary residence in Ross?

Accepted Answer

No. DSCR loans are for investment properties only. For a primary home, you need conventional, FHA, jumbo, or another owner-occupant program.

Question 2

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders want 680 or higher. Conventional loans start at 620, though better scores get better rates on both.

Question 3

Do DSCR loans require a bigger down payment?

Accepted Answer

Yes. Expect 20-25% down on most DSCR loans. Conventional loans can go as low as 3-5% for qualified buyers.

Question 4

Are DSCR rates higher than conventional rates?

Accepted Answer

Yes, typically by 1-2 points. DSCR is a non-QM product and carries more lender risk. Rates vary by borrower profile and market conditions.

Question 5

Can a self-employed buyer use a conventional loan in Ross?

Accepted Answer

Yes, but you'll need two years of tax returns showing sufficient income. Heavy write-offs can hurt — that's where DSCR becomes appealing for investors.

Question 6

Which loan closes faster in Marin County?

Accepted Answer

DSCR loans often close faster because there's no income verification process. Conventional loans with full doc review can take 30-45 days.

Conventional vs DSCR Loans in Ross, CA