Question 1

Can I use a DSCR loan to buy a primary residence?

Accepted Answer

No. DSCR loans are for investment properties only. For a home you'll live in, you'd need a Bank Statement or conventional loan.

Question 2

Do Bank Statement loans work for rental properties?

Accepted Answer

Yes. Bank Statement loans can fund investment properties. Your personal income qualifies the loan, not the rent.

Question 3

Which loan has stricter credit requirements?

Accepted Answer

Both are Non-QM loans with flexible guidelines. Most lenders want 640+ for either, but requirements vary by lender and deal.

Question 4

What DSCR ratio do I need to qualify?

Accepted Answer

Most lenders require a DSCR of 1.0 or higher. That means rent must equal or exceed the full mortgage payment.

Question 5

Can I use both loan types at the same time?

Accepted Answer

Yes. Some investors use DSCR for rental portfolios and a Bank Statement loan for their personal residence.

Question 6

Which loan closes faster in Gustine?

Accepted Answer

DSCR often closes faster — less personal documentation needed. Rates vary by borrower profile and market conditions.

Bank Statement vs DSCR Loans in Gustine, CA