Question 1

Can I use a DSCR loan to buy a primary residence in Irvine?

Accepted Answer

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

Question 2

What credit score do I need for each loan?

Accepted Answer

Conventional requires 620 minimum, with best pricing above 740. DSCR lenders typically want 660-680 at minimum.

Question 3

Does DSCR require tax returns?

Accepted Answer

No — that's the point. Lenders qualify you on rental income, not personal income docs.

Question 4

Which loan has a lower down payment?

Accepted Answer

Conventional wins here. You can put as little as 3% down. DSCR typically requires 20-25%.

Question 5

Can an LLC take title on a DSCR loan?

Accepted Answer

Yes, most DSCR lenders allow LLC vesting. Conventional loans generally require individual borrowers on title.

Question 6

Which loan has the lower interest rate?

Accepted Answer

Conventional rates run lower. DSCR carries a pricing premium for its flexibility. Rates vary by borrower profile and market conditions.

Conventional vs DSCR Loans in Irvine, CA