Question 1

Can I use a DSCR loan to buy my primary home in Fontana?

Accepted Answer

No. DSCR loans are investment property only. For a primary home, 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 a 660-680 minimum. Higher scores get better pricing.

Question 3

Do conventional loans work for rental properties?

Accepted Answer

Yes, up to 10 financed properties. But your personal DTI must support the payment even with rental income.

Question 4

Which loan closes faster in Fontana?

Accepted Answer

DSCR loans often close faster. No income verification means less documentation to collect and review.

Question 5

What DSCR ratio do I need to get approved?

Accepted Answer

Most lenders want 1.1 or higher. A ratio below 1.0 means the rent doesn't cover the mortgage — very few lenders approve that.

Question 6

Can a self-employed borrower use a conventional loan in Fontana?

Accepted Answer

Yes, but expect two years of tax returns. If your write-offs tank your net income, DSCR may be the better route for investment properties.

Conventional vs DSCR Loans in Fontana, CA