Question 1

Can I use a DSCR loan to buy my primary home?

Accepted Answer

No. DSCR loans are for investment properties only. For a primary residence, a bank statement loan is the right Non-QM path.

Question 2

Do either of these loans require tax returns?

Accepted Answer

Neither requires tax returns. Bank statement loans use deposit history. DSCR loans use the rental property's income.

Question 3

What credit score do I need for these loans?

Accepted Answer

Most lenders want 620 to 680 minimum on both. Rates vary by borrower profile and market conditions.

Question 4

How much down payment does a DSCR loan require?

Accepted Answer

Typically 20–25% down for DSCR loans. Bank statement loans for owner-occupied purchases can go lower depending on the lender.

Question 5

Can a self-employed landlord use both loan types?

Accepted Answer

Yes. Many investors carry a bank statement loan on their own home and DSCR loans on rentals. SRK CAPITAL structures both.

Question 6

What DSCR ratio do Victorville rental properties need?

Accepted Answer

Most lenders require a DSCR of 1.1 or higher. That means rent must exceed the total mortgage payment by at least 10%.

Bank Statement vs DSCR Loans in Victorville, CA