Question 1

Can I use a DSCR loan for a primary residence?

Accepted Answer

No. DSCR loans are for investment properties only. For a primary home, Bank Statement is the Non-QM option.

Question 2

Do Bank Statement loans require business ownership proof?

Accepted Answer

Most lenders want a CPA letter or business license. It confirms self-employment and strengthens your file.

Question 3

What credit score do DSCR loans require?

Accepted Answer

Most DSCR lenders want at least 620 to 640. Higher scores get better rates. Rates vary by borrower profile and market conditions.

Question 4

Can I use an LLC to get a DSCR loan?

Accepted Answer

Yes. DSCR loans are commonly closed in an LLC. Most lenders allow it without requiring personal guarantees.

Question 5

Which loan has faster approval — Bank Statement or DSCR?

Accepted Answer

DSCR tends to close faster. Less personal documentation means fewer conditions and a cleaner underwriting process.

Question 6

Can I do both loans at the same time in Colton?

Accepted Answer

Yes, if you qualify on each property separately. Investors often stack DSCR loans across multiple Colton rentals.

Bank Statement vs DSCR Loans in Colton, CA