Question 1

Can I use both loan types at the same time?

Accepted Answer

Yes. Some investors use a DSCR loan for a rental unit and a bank statement loan for a personal purchase. They're separate qualifications.

Question 2

Does Airbnb income count for DSCR in Mammoth?

Accepted Answer

Some lenders accept short-term rental income for DSCR. Not all do — lender guidelines vary significantly on STR properties.

Question 3

What credit score do I need for either loan?

Accepted Answer

Most non-QM lenders want at least 680 for DSCR and bank statement loans. Higher scores get better pricing.

Question 4

Which loan has lower rates?

Accepted Answer

It depends on your profile. Strong personal income often gets better pricing on bank statement loans. Rates vary by borrower profile and market conditions.

Question 5

How much do I need to put down?

Accepted Answer

Expect 20–25% down for both loan types. Some DSCR lenders require 25% on short-term rental properties specifically.

Question 6

Can I use a DSCR loan for a Mammoth condo?

Accepted Answer

Yes, but condo project approval matters. Lenders check HOA financials and owner-occupancy ratios before approving the loan.

Bank Statement vs DSCR Loans in Mammoth Lakes