Question 1

Can I use a DSCR loan to buy a home in Eastvale to live in?

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 typically requires 620+. DSCR lenders usually want 660–680 minimum. Higher scores get better rates on both.

Question 3

Do DSCR lenders look at my tax returns?

Accepted Answer

No. That's the whole point. They qualify the loan based on the rental property's income, not yours.

Question 4

Which loan has a lower down payment?

Accepted Answer

Conventional wins here — as low as 3% down for eligible buyers. DSCR loans typically require 20–25% down.

Question 5

Can I buy under an LLC with either loan?

Accepted Answer

DSCR lenders regularly close loans in an LLC's name. Conventional loans generally require you to borrow as an individual.

Question 6

Which loan has lower rates?

Accepted Answer

Conventional rates run lower for qualified borrowers. DSCR loans carry a premium for the flexibility they offer. Rates vary by borrower profile and market conditions.

Conventional vs DSCR Loans in Eastvale, CA