Question 1

Can I use a DSCR loan for a primary residence?

Accepted Answer

No. DSCR loans are investment property only. For a primary residence, Bank Statement is the Non-QM option.

Question 2

Do Bank Statement loans require good credit?

Accepted Answer

Most lenders start at 620. Better scores get better rates. Rates vary by borrower profile and market conditions.

Question 3

What DSCR ratio do lenders want to see?

Accepted Answer

Most lenders want 1.0 or above. That means rent covers the full mortgage payment. Some allow below 1.0 with a larger down payment.

Question 4

Which loan closes faster?

Accepted Answer

DSCR loans often close faster. There's less personal income documentation to verify. Both typically run 21–30 days.

Question 5

Can a self-employed investor use both loan types?

Accepted Answer

Yes. Many investors use DSCR for rentals and Bank Statement for a primary or second home. Different properties, different loans.

Bank Statement vs DSCR Loans in Isleton, CA