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, conventional financing is the standard path.

Question 2

What credit score do I need for a DSCR loan in Hesperia?

Accepted Answer

Most DSCR lenders want a 680 or higher. Some go down to 660 with a stronger DSCR ratio or larger down payment.

Question 3

Is the down payment higher for DSCR vs conventional?

Accepted Answer

Yes. DSCR typically requires 20-25% down. Conventional loans can go as low as 3% for qualified buyers.

Question 4

Do DSCR loans show up on my personal credit?

Accepted Answer

Usually yes, unless the loan is structured through an LLC with a lender that doesn't report personally. Confirm this upfront.

Question 5

Which loan closes faster in Hesperia?

Accepted Answer

DSCR often closes faster because there's no income verification process. Fewer docs means fewer conditions to clear.

Conventional vs DSCR Loans in Hesperia, CA