Question 1

Can I use a DSCR loan for a primary home in Apple Valley?

Accepted Answer

No. DSCR loans are for investment properties only. For a primary residence, you need a conventional or government-backed loan.

Question 2

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders require at least a 680 credit score. Some go down to 660, but better scores get better rates.

Question 3

How much do I need to put down on a DSCR loan?

Accepted Answer

Expect 20-25% down on most DSCR deals. Some lenders allow less, but 25% is the most common requirement.

Question 4

Do conventional loans work for rental properties?

Accepted Answer

Yes, but lenders count only a portion of rental income and still verify your personal income. DSCR is simpler for investors.

Question 5

Which loan closes faster in Apple Valley?

Accepted Answer

DSCR loans often close faster since there's no income verification to chase. Conventional loans depend heavily on how clean your docs are.

Conventional vs DSCR Loans in Apple Valley, CA