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in Greenfield, CA
Both loans skip traditional income verification. That's where the similarity ends.
One serves self-employed borrowers. The other serves rental property investors. Knowing which fits your deal saves time.
Bank Statement Loans work for self-employed borrowers in Greenfield. Lenders look at 12 to 24 months of deposits instead of W-2s.
Your business cash flow tells the story. Strong, consistent deposits beat a tax return showing paper losses every time.
DSCR Loans qualify you based on the rental property's income. Your personal income doesn't enter the equation.
Lenders calculate rent divided by the monthly debt payment. A DSCR at or above 1.0 means the property covers itself.
Bank Statement Loans approve you as a borrower. DSCR Loans approve the property's income performance.
Use a Bank Statement Loan to buy or refinance your primary residence or second home. DSCR is for investment and rental properties only.
Run a business and want to buy a home in Greenfield? Bank Statement is your path. Your deposits prove what your taxes don't.
Buying a rental or adding to a portfolio? DSCR is cleaner. No income drama — just show the rent covers the payment.
No. DSCR loans are for investment properties only. For a primary residence, a Bank Statement Loan is the right non-QM option.
Most lenders want at least a 620–640 for both programs. Higher scores get better rates. Rates vary by borrower profile and market conditions.
Typically 10–20% down depending on the lender and property type. Investment properties through this program usually require more.
Divide the monthly rental income by the monthly debt payment. A ratio of 1.0 means the property breaks even. Above 1.0 is stronger.
Yes. Many investors use a Bank Statement Loan for their own home and DSCR loans for rental properties. They serve different purposes.
DSCR loans often close faster since there's no personal income analysis. Bank Statement Loans require document review of 12–24 months of statements.