Question 1

Can I use a DSCR loan for my primary home?

Accepted Answer

No. DSCR loans are investment property only. For a primary residence, conventional financing is your path.

Question 2

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders require 680 minimum. Higher scores get better pricing on the rate.

Question 3

Do conventional loans work for rental properties?

Accepted Answer

Yes, up to a point. Conventional works for 1-4 unit rentals, but lenders count your existing debt load against you.

Question 4

How is DSCR ratio calculated?

Accepted Answer

Divide monthly rent by total monthly mortgage payment. A $2,200 rent on a $2,000 payment gives you a 1.1 DSCR.

Question 5

Which loan closes faster in Hollister?

Accepted Answer

DSCR often closes faster — no income docs means less back-and-forth with underwriting. Conventional with full docs can take 30-45 days.

Question 6

Can an LLC take title on a DSCR loan?

Accepted Answer

Yes. DSCR lenders routinely close in LLC names. Conventional loans generally require individual borrower title.

Conventional vs DSCR Loans in Hollister, CA