Question 1

Can I use a DSCR loan to buy my primary home in Marina?

Accepted Answer

No. DSCR loans are investment property only. Use a Bank Statement loan for a home you plan to occupy.

Question 2

What credit score do I need for either loan?

Accepted Answer

Most lenders want 620 or higher for both. Stronger scores get better rates on both programs.

Question 3

Do DSCR loans work for short-term rentals?

Accepted Answer

Some lenders accept Airbnb income data. Not all do — lender guidelines vary significantly on this.

Question 4

How many months of statements do I need for a Bank Statement loan?

Accepted Answer

Most lenders require 12 months minimum. Some ask for 24 to get a better income calculation.

Question 5

Can an LLC close a DSCR loan in Marina?

Accepted Answer

Yes. DSCR loans commonly close in an LLC. Bank Statement loans typically require a personal borrower.

Question 6

Which loan has a lower down payment requirement?

Accepted Answer

Both typically require 20–25% down for non-owner properties. Bank Statement loans for primary homes can go lower.

Bank Statement vs DSCR Loans in Marina, CA