Question 1

Can I use either loan type for a Fontana investment property?

Accepted Answer

Bank Statement Loans work for investment properties if you're self-employed. DSCR Loans are specifically designed for investors and often have simpler qualification.

Question 2

Which loan has lower rates in San Bernardino County?

Accepted Answer

Rates vary by borrower profile and market conditions. Your credit score, down payment, and property details affect pricing more than the loan type itself.

Question 3

Do I need tax returns for either option?

Accepted Answer

Bank Statement Loans typically don't require tax returns but use bank statements instead. DSCR Loans may not require any personal income documentation at all.

Question 4

What credit score do I need for these Fontana loan programs?

Accepted Answer

Both programs typically require minimum credit scores around 620-640. Higher scores unlock better rates and terms for your financing.

Question 5

How much down payment is required for each loan type?

Accepted Answer

Bank Statement Loans often require 10-20% down. DSCR Loans typically need 20-25% down for investment properties in Fontana.

Bank Statement Loans vs DSCR Loans in Fontana: Which Non-QM Option Fits Your Investment Goals?