Question 1

Can I use a DSCR loan to buy a primary residence?

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 each loan?

Accepted Answer

Conventional loans typically require 620 minimum. DSCR lenders often want 680 or higher due to the investor risk profile.

Question 3

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

Accepted Answer

Most DSCR lenders require 20-25% down. Conventional loans can go as low as 3% for primary residences.

Question 4

Does a DSCR loan show up on my personal credit?

Accepted Answer

It can, depending on how the loan is structured. Some DSCR lenders allow LLC vesting, which may keep it off personal credit.

Question 5

Which loan has better rates in Chino Hills right now?

Accepted Answer

Conventional rates run lower for strong W-2 borrowers. DSCR carries a premium for investor risk. Rates vary by borrower profile and market conditions.

Question 6

Can SRK CAPITAL help me compare both options?

Accepted Answer

Yes. SRK CAPITAL shops across 200+ wholesale lenders to find the best fit for your specific situation, whether that's conventional or DSCR.

Conventional vs DSCR Loans in Chino Hills