Question 1

Can I use a DSCR loan for my primary residence in Marina?

Accepted Answer

No. DSCR loans are for investment properties only. For a primary home, you need conventional or government-backed financing.

Question 2

What credit score do I need for each loan?

Accepted Answer

Conventional typically requires 620 minimum. DSCR lenders usually want 680 or higher, since the loan carries more risk.

Question 3

Which loan has a lower interest rate?

Accepted Answer

Conventional rates run lower for qualified borrowers. DSCR loans carry a rate premium for the non-QM risk. Rates vary by borrower profile and market conditions.

Question 4

Do DSCR loans require income documentation?

Accepted Answer

No personal income docs are required. The lender verifies the rental income of the property instead.

Question 5

Can I buy a short-term rental in Marina with a DSCR loan?

Accepted Answer

Some DSCR lenders allow short-term rental income calculations. Not all do — confirm with your broker which lenders accept Airbnb-style income.

Question 6

Which loan is faster to close?

Accepted Answer

DSCR loans skip personal income review, which can speed up underwriting. Conventional timelines depend on how clean your financial documentation is.

Conventional vs DSCR Loans in Marina, CA