Question 1

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

Accepted Answer

No. DSCR loans are for investment properties only. For a primary residence, Bank Statement is the Non-QM option.

Question 2

Do both loans require good credit?

Accepted Answer

Yes. Non-QM doesn't mean easy credit. Most lenders want 660 or higher for both programs, though minimums vary by lender.

Question 3

What if I'm self-employed and also want to buy a rental?

Accepted Answer

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.

Question 4

How much down payment do these loans require?

Accepted Answer

Expect 10–20% down for Bank Statement loans. DSCR loans typically require 20–25% down on investment properties.

Question 5

Are rates higher on these loans than conventional?

Accepted Answer

Yes. Both are Non-QM products and carry a rate premium over conventional loans. Rates vary by borrower profile and market conditions.

Question 6

Does SRK CAPITAL offer both loan types in Loma Linda?

Accepted Answer

Yes. SRK CAPITAL works with 200+ wholesale lenders and can source competitive options for both Bank Statement and DSCR loans.

Bank Statement vs DSCR Loans in Loma Linda