Loading
in Loma Linda, CA
Both loans skip tax returns entirely. That alone makes them worth knowing if you're self-employed or investing in Loma Linda.
The difference comes down to one question: are you buying a home to live in, or a property to rent out?
Bank Statement Loans use 12 to 24 months of deposits to verify your income. Lenders average your monthly deposits and build a qualifying income from that.
This is built for self-employed borrowers whose write-offs tank their taxable income. If your tax returns show losses but your bank account tells a different story, this loan sees the real picture.
DSCR Loans qualify you based on the rental property's income — not yours. Lenders divide the monthly rent by the mortgage payment to get a ratio.
A DSCR at or above 1.0 means the rent covers the debt. Many lenders want 1.1 or higher. Your personal income never enters the equation.
Bank Statement Loans care about your personal cash flow. DSCR Loans care about the property's cash flow. That's the core split.
Bank Statement Loans work for primary residences and second homes. DSCR Loans are investment property only — you can't use them to buy the home you'll live in.
If you run a business in Loma Linda and want to buy your own home, Bank Statement is your path. Your deposits qualify you — your Schedule C doesn't disqualify you.
If you want to buy a rental property and let the rent do the work, DSCR is the cleaner move. No income docs, no employment history — just a property that pencils out.
No. DSCR loans are for investment properties only. For a primary residence, Bank Statement is the Non-QM option.
Yes. Non-QM doesn't mean easy credit. Most lenders want 660 or higher for both programs, though minimums vary by lender.
Use Bank Statement for your home purchase. Use a DSCR loan for the rental. They serve different goals — and both can be active at once.
Expect 10–20% down for Bank Statement loans. DSCR loans typically require 20–25% down on investment properties.
Yes. Both are Non-QM products and carry a rate premium over conventional loans. Rates vary by borrower profile and market conditions.
Yes. SRK CAPITAL works with 200+ wholesale lenders and can source competitive options for both Bank Statement and DSCR loans.