Question 1

Can I use a DSCR loan to buy a home I'll live in?

Accepted Answer

No. DSCR loans are for investment properties only. For a primary residence, you'd need a bank statement loan or another program.

Question 2

Do bank statement loans require good credit?

Accepted Answer

Most lenders want a 660+ score minimum. Some go lower with a larger down payment. Rates vary by borrower profile and market conditions.

Question 3

What DSCR ratio do lenders want in Chino?

Accepted Answer

Most lenders target 1.25 or higher. Some allow below 1.0 with 25–30% down. The property's rent-to-mortgage math drives everything.

Question 4

Can I use both loans if I'm self-employed and an investor?

Accepted Answer

Yes. A bank statement loan covers your home purchase. A DSCR loan handles your rental — they serve separate purposes and don't conflict.

Question 5

How many months of bank statements do I need?

Accepted Answer

Most programs require 12 months minimum. Some lenders ask for 24. Business account statements usually require an expense factor applied to deposits.

Question 6

Are these loans available through retail banks?

Accepted Answer

Rarely. Non-QM products like these live mostly in the wholesale channel. That's where a broker shopping 200+ lenders has a real advantage.

Bank Statement vs DSCR Loans in Chino, CA