Question 1

Can I use a bank statement loan to buy a rental property?

Accepted Answer

Yes. Bank statement loans work for investment properties too. You qualify on your personal deposits, not the rental's income.

Question 2

Do DSCR loans check my credit score?

Accepted Answer

Yes. DSCR lenders skip income docs but still pull credit. Most require a 620–640 minimum score.

Question 3

Which loan has stricter requirements?

Accepted Answer

It depends on your profile. DSCR is strict on the deal — the rent must cover the debt. Bank statement is strict on your deposit history.

Question 4

Can I use both loan types to build a portfolio?

Accepted Answer

Many investors do. Bank statement for their primary home, DSCR for each rental they add. They serve different purposes.

Question 5

What down payment do these loans require?

Accepted Answer

Both typically require 20–25% down. Non-QM lenders take on more risk, so they want more skin in the game.

Bank Statement vs DSCR Loans in Rancho Cucamonga