Question 1

Can I use DSCR for a primary residence in San Juan Bautista?

Accepted Answer

No. DSCR loans only work for investment properties. You need documented income for primary homes.

Question 2

What credit score do I need for each loan type?

Accepted Answer

Conventional requires 620 minimum. DSCR lenders want 660-680 depending on down payment and property cash flow.

Question 3

Do both loan types require the same down payment?

Accepted Answer

Similar ranges. Conventional needs 15-25% down for rentals. DSCR starts at 20-25% based on debt coverage ratio.

Question 4

Which loan type closes faster in San Benito County?

Accepted Answer

DSCR typically closes in 2-3 weeks. Conventional takes 3-4 weeks due to full income verification requirements.

Question 5

Can I refinance from conventional to DSCR later?

Accepted Answer

Yes. Investors refinance to DSCR when they want to stop documenting income or exceed the 10-property conventional limit.

Conventional vs DSCR Loans in San Juan Bautista: Which Fits Your Investment Strategy?