Question 1

Can I use bank statements for an investment property in San Juan Bautista?

Accepted Answer

Yes. Bank statement loans work for investment properties, primary homes, and second homes. DSCR loans only work for investment properties.

Question 2

Which loan has lower rates—bank statement or DSCR?

Accepted Answer

DSCR loans often price slightly better because property income creates lower lender risk. Rates vary by borrower profile and market conditions.

Question 3

Do both loans skip tax returns?

Accepted Answer

Yes. Neither program requires tax returns. Bank statements show income through deposits, DSCR uses rental income only.

Question 4

What if my rental property doesn't generate enough income for DSCR?

Accepted Answer

Some lenders allow DSCR ratios below 1.0 with larger down payments. Otherwise, use bank statement loans to qualify on your personal income instead.

Question 5

Can I combine both programs for multiple properties?

Accepted Answer

Not on the same property, but you can use bank statements for one purchase and DSCR for another. Each loan stands alone.

Bank Statement vs DSCR Loans in San Juan Bautista: Which Non-QM Option Fits Your Deal?