Loading
in San Anselmo, CA
San Anselmo is a high-value Marin County market. Neither Bank Statement nor DSCR loans follow conventional rules — and that's exactly why they work here.
Both are non-QM loans. The difference is who they're built for and how lenders measure your ability to repay.
Bank Statement loans are built for self-employed borrowers. Lenders use 12 to 24 months of deposits instead of W-2s or tax returns.
If your write-offs make your taxable income look low, this is the fix. Your actual cash flow gets you qualified — not your Schedule C.
DSCR loans qualify you on the property's income — not yours. Lenders calculate whether rent covers the mortgage payment.
A DSCR of 1.0 means rent equals the payment. Most lenders want 1.1 or higher. Your personal income never enters the equation.
Local decision guide
Use this comparison to weigh Bank Statement Loans and DSCR Loans through local payment fit, eligibility, documentation, and timing before choosing a path in San Anselmo.
San Anselmo is a high-value Marin County market. Neither Bank Statement nor DSCR loans follow conventional rules — and that's exactly why they work here.
Both are non-QM loans. The difference is who they're built for and how lenders measure your ability to repay.
Bank Statement loans are built for self-employed borrowers. Lenders use 12 to 24 months of deposits instead of W-2s or tax returns.
Bank Statement loans look at you — your deposits, your income history. DSCR loans look at the property — what it earns as a rental.
Rates vary by borrower profile and market conditions. Both loan types price higher than conventional, but DSCR rates can shift based on the property's cash flow ratio.
Buying a primary residence in San Anselmo and self-employed? Bank Statement is your path. DSCR won't work — it's for investment properties only.
Buying a rental in Marin and don't want to document personal income? DSCR fits. It's clean, fast, and built for investors who let the numbers speak.
No. DSCR loans are for investment properties only. If you're buying a primary residence, you'll need a different loan type.
Most lenders want 12 to 24 months. Business account statements typically require an expense factor applied to deposits.
Most want a DSCR of 1.1 or higher. Below 1.0 means rent doesn't cover the payment — most lenders won't touch that.
Yes. Most non-QM lenders want 680+ for competitive pricing. Lower scores may qualify but at higher rates.
Yes. A self-employed investor buying a rental can use DSCR — personal income doesn't matter. Bank Statement works too, but DSCR is usually simpler for rentals.
DSCR tends to move quicker since underwriting focuses on the property, not personal financials. Fewer documents means fewer delays.