Question 1

Can I use both loans for the same deal?

Accepted Answer

Not simultaneously. But if you're an investor who's also self-employed, we'll run both scenarios to see which gets you better terms.

Question 2

What credit score do these loans require?

Accepted Answer

Most Non-QM lenders want at least 660–680. Stronger scores open up better pricing on both products.

Question 3

How much down payment do I need?

Accepted Answer

Bank Statement typically starts at 10% down. DSCR usually requires 20–25% for an investment property.

Question 4

Do DSCR lenders look at my job or income at all?

Accepted Answer

No. They verify the property's rent income only. Your personal income isn't part of the qualification.

Question 5

Can I use a DSCR loan to buy a short-term rental in Seaside?

Accepted Answer

Some lenders allow it using projected Airbnb or VRBO income. Not all do — lender guidelines vary.

Question 6

Which loan closes faster?

Accepted Answer

DSCR can move quickly since there's no income analysis on you personally. Bank Statement takes longer to process statements.

Bank Statement vs DSCR Loans in Seaside, CA