Question 1

Can I use a DSCR loan to buy a primary home?

Accepted Answer

No. DSCR is strictly for investment properties. For a primary residence, look at Bank Statement or other Non-QM options.

Question 2

Do Bank Statement Loans require two years of self-employment?

Accepted Answer

Most lenders want at least two years of self-employment history. Some will approve at 12 months with strong deposits and reserves.

Question 3

What credit score do I need for each loan?

Accepted Answer

Both typically require a 620 minimum, though 680 or higher gets you better pricing. Rates vary by borrower profile and market conditions.

Question 4

Can I buy under an LLC with either loan?

Accepted Answer

DSCR loans commonly allow LLC vesting. Bank Statement loans usually require individual borrowers — confirm with your lender.

Question 5

Which loan closes faster in April 2026?

Accepted Answer

DSCR loans often close faster since no personal income review is needed. Bank Statement underwriting takes longer due to deposit analysis.

Question 6

Are short-term rentals eligible for DSCR loans in Napa County?

Accepted Answer

Some lenders accept short-term rental income for DSCR. You'll need documented rental history or a credible market rent analysis.

Bank Statement vs DSCR Loans in American Canyon