Question 1

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

Accepted Answer

No. DSCR loans are for investment properties only. Use a conventional loan for any home you plan to live in.

Question 2

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders require at least a 680. Some go down to 660 with a larger down payment.

Question 3

How much do I need to put down on a DSCR loan?

Accepted Answer

Expect 20% to 25% down minimum. DSCR lenders see rentals as higher risk than primary residences.

Question 4

Does a conventional loan work for an investment property?

Accepted Answer

Yes, but your personal debt-to-income ratio must still qualify. Lenders add the new payment to your existing obligations.

Question 5

Which loan closes faster in Menifee?

Accepted Answer

Conventional loans with full documentation close quickly. DSCR loans skip income review, so they can also move fast with the right lender.

Question 6

Can I hold multiple DSCR loans at once?

Accepted Answer

Yes. DSCR loans have no limit tied to how many financed properties you own. That makes them popular with active Menifee investors.

Conventional vs DSCR Loans in Menifee, CA