Question 1

Can I use a DSCR loan to buy a primary residence in Highland?

Accepted Answer

No. DSCR Loans are for investment properties only. Use a Bank Statement Loan for a primary or second home.

Question 2

Do Bank Statement Loans require perfect credit?

Accepted Answer

No, but stronger credit gets better pricing. Most lenders want at least a 620–640 score. Higher scores open more programs.

Question 3

What DSCR ratio do lenders want?

Accepted Answer

Most lenders require 1.20 or higher. Some allow 1.0 with stronger credit or larger down payments.

Question 4

Can I use both loans if I'm self-employed and buying a rental?

Accepted Answer

Yes. A Bank Statement Loan covers your home. A DSCR Loan covers your rental. They serve different purchase types.

Question 5

Which loan closes faster in Highland?

Accepted Answer

DSCR Loans often move faster — less personal income documentation to gather. Bank Statement Loans take longer to verify deposit history.

Question 6

Does SRK CAPITAL offer both loan types in Highland?

Accepted Answer

Yes. SRK CAPITAL works with 200+ wholesale lenders and shops both programs across multiple non-QM options.

Bank Statement vs DSCR Loans in Highland, CA