Question 1

Can I use both loan types at the same time?

Accepted Answer

Yes. Some investors use a Bank Statement Loan for their primary home and a DSCR Loan for a rental. They're separate products.

Question 2

Do DSCR Loans require any income documentation?

Accepted Answer

Most DSCR lenders skip personal income docs entirely. They focus on the rental income and the property's debt coverage ratio.

Question 3

Which loan has lower rates in Adelanto?

Accepted Answer

It depends on your profile and the property. Rates vary by borrower profile and market conditions. SRK CAPITAL compares both.

Question 4

What credit score do I need for a Bank Statement Loan?

Accepted Answer

Most lenders want at least a 620, though some Non-QM programs go lower with a larger down payment.

Question 5

Can a DSCR Loan be used to purchase a short-term rental?

Accepted Answer

Yes. Many DSCR lenders accept short-term rental income projections. Lender policies vary, so this needs to be confirmed upfront.

Bank Statement vs DSCR Loans in Adelanto, CA