Question 1

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

Accepted Answer

No. DSCR Loans are for investment and rental properties only. For a primary residence, you'd need a Bank Statement Loan or a conventional option.

Question 2

Do Bank Statement Loans require good credit?

Accepted Answer

Most lenders want a 620–640 minimum score. Stronger credit gets you better rates. Rates vary by borrower profile and market conditions.

Question 3

What DSCR ratio do lenders want in Riverside County?

Accepted Answer

Most lenders require a DSCR of 1.0 or higher. Some allow below 1.0 at higher rates. It depends on the lender and the property.

Question 4

Can a self-employed investor use both loan types?

Accepted Answer

Yes. Many investors use a Bank Statement Loan for their home and DSCR Loans for rental properties. We structure deals like this regularly.

Question 5

Which loan closes faster?

Accepted Answer

DSCR Loans often close faster — less personal income documentation to gather. Bank Statement Loans require pulling and reviewing months of statements.

Question 6

Are these loans available for LLCs in Eastvale?

Accepted Answer

DSCR Loans frequently allow LLC ownership — many lenders prefer it for investor deals. Bank Statement Loans typically require borrowing in your personal name.

Bank Statement vs DSCR Loans in Eastvale