Loading
in Tustin, CA
Both loans skip traditional income docs. But they serve very different borrowers.
Bank Statement loans are built for self-employed buyers. DSCR loans are built for rental investors. Knowing the difference saves time.
Bank Statement loans use 12 to 24 months of deposits to verify your income. No W-2s. No tax returns.
This loan fits self-employed borrowers whose write-offs make taxable income look low. Lenders look at actual cash flow instead.
DSCR loans qualify based on rent — not your personal income. The property has to cover its own debt.
Lenders calculate the Debt Service Coverage Ratio: monthly rent divided by monthly mortgage payment. A ratio at or above 1.0 is typically required.
Bank Statement loans look at you. DSCR loans look at the property. That one distinction drives every other difference.
DSCR loans can close in an LLC, which matters for investors with multiple properties. Bank Statement loans typically require personal qualification.
Buying a home or primary residence in Tustin? Bank Statement is your path if you're self-employed.
Buying a rental in Tustin or anywhere in Orange County? Run the DSCR numbers first. If rent covers the payment, the loan is cleaner and faster to close.
Yes. Some borrowers use a Bank Statement loan for their home and a DSCR loan for a rental. They're separate qualifications.
Rates vary by borrower profile and market conditions. Both carry Non-QM pricing, but DSCR rates depend heavily on the property's rent and your LTV.
Most lenders want at least a 620 for DSCR. Stronger scores get better pricing. We shop across 200+ wholesale lenders to find the best fit.
Technically yes, but DSCR is usually a better fit. Bank Statement loans add your personal income picture — DSCR just looks at the property.
Bank Statement loans often start at 10% down for primary homes. DSCR loans typically require 20–25% for investment properties.
Yes. Both Non-QM products are available throughout Orange County, including Tustin. Property type and loan size affect which lenders we target.