Question 1

Can I use both loans at the same time?

Accepted Answer

Yes. A self-employed investor could use a bank statement loan for a primary home and a DSCR loan for a rental — they serve different purposes.

Question 2

Which loan has stricter credit requirements?

Accepted Answer

Bank statement loans typically demand stronger credit scores. DSCR lenders focus more on the property's cash flow than your personal credit profile.

Question 3

Do DSCR loans work for short-term rentals?

Accepted Answer

Some lenders allow Airbnb-style income to support DSCR qualification. Not all do — lender guidelines vary, so we shop specifically for that allowance.

Question 4

How much down payment do these loans require?

Accepted Answer

Expect 20–25% down on DSCR loans. Bank statement loans vary but often start at 10–20% depending on your credit and loan size.

Question 5

Are these loans available for properties in Dos Palos specifically?

Accepted Answer

Yes. Both loan types are available statewide in California, including rural Merced County. Property type and condition still matter for approval.

Bank Statement vs DSCR Loans in Dos Palos, CA