Question 1

Can I use a bank statement loan for a rental property in Tiburon?

Accepted Answer

No. Bank statement loans are for owner-occupied homes only. Use DSCR for investment properties since it qualifies based on rental income.

Question 2

Which has better rates—bank statement or DSCR?

Accepted Answer

Bank statement loans typically price 0.25-0.5% lower because they're owner-occupied. Both run 1-2% above conventional rates. Rates vary by borrower profile and market conditions.

Question 3

Do both loans work for Tiburon's high property values?

Accepted Answer

Yes. We've closed both loan types on properties over $3M in Tiburon. Down payment percentage increases with loan amount regardless of program.

Question 4

Can I combine rental income with bank statements to qualify?

Accepted Answer

Some bank statement lenders allow it, but most don't. If rental income is key to qualifying, DSCR makes more sense for that property.

Question 5

Which loan closes faster in Tiburon's competitive market?

Accepted Answer

DSCR usually closes faster—14 to 21 days. No personal income verification speeds underwriting. Bank statements take 21 to 30 days for deposit analysis.

Bank Statement vs DSCR Loans in Tiburon: Which Non-QM Option Works for Your Property?