Question 1

Can I use both loans at the same time?

Accepted Answer

Yes. Some investors use a Bank Statement Loan for their home and a DSCR Loan for a rental. They are separate products with separate qualifications.

Question 2

Which loan has the lower rate?

Accepted Answer

Neither is consistently cheaper. Rates vary by borrower profile and market conditions. Get quotes on both before deciding.

Question 3

Do DSCR Loans work for short-term rentals?

Accepted Answer

Some lenders accept short-term rental income for DSCR calculations. Not all do. Ask your broker which lenders allow it before you apply.

Question 4

How much do I need to put down?

Accepted Answer

Bank Statement Loans often start at 10% down. DSCR Loans typically require 20–25% for investment properties.

Question 5

What credit score do I need?

Accepted Answer

Most lenders want 660–680 for Bank Statement Loans. DSCR Loans can go lower but often require more equity to offset the risk.

Bank Statement vs DSCR Loans in Mariposa, CA