Question 1

Can I use a DSCR loan for a short-term rental in Graeagle?

Accepted Answer

Yes. Many lenders accept short-term rental income for DSCR calculation. Ask about the specific income methodology each lender uses.

Question 2

Do bank statement loans require business bank statements or personal?

Accepted Answer

Either can work, but the lender's expense factor calculation differs. Personal statements usually get a higher income credit.

Question 3

What credit score do I need for these loans?

Accepted Answer

Most non-QM lenders want 660 or higher for competitive pricing. Some go lower, but rates climb fast below that mark.

Question 4

Can I buy under an LLC with a bank statement loan?

Accepted Answer

Rarely. Bank statement loans are typically personal loans. DSCR is the better choice for LLC-held investment properties.

Question 5

How many months of statements do lenders actually review?

Accepted Answer

Most programs require 12 months minimum. 24 months gives lenders more confidence and can improve your rate.

Question 6

Which loan closes faster?

Accepted Answer

DSCR tends to close faster — there's no personal income analysis. Bank statement loans take longer to underwrite.

Bank Statement vs DSCR Loans in Graeagle, CA