Question 1

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

Accepted Answer

No. DSCR loans are for investment properties only. Use a conventional loan for any home you plan to live in.

Question 2

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders require at least 620-680. Stronger credit gets you better pricing on an already higher-rate product.

Question 3

Do conventional loans allow rental property purchases?

Accepted Answer

Yes, but your personal income must qualify for both mortgages. That debt load blocks many investors from scaling.

Question 4

What down payment does a DSCR loan require?

Accepted Answer

Expect 20-25% down minimum. Lenders take on more risk without income verification, so they want more equity upfront.

Question 5

Which loan closes faster in Victorville?

Accepted Answer

DSCR loans can close faster since there's no income file to build. Conventional timelines depend on your documentation.

Question 6

Can I hold a DSCR loan in an LLC?

Accepted Answer

Yes. Most DSCR lenders allow LLC vesting. Conventional loans typically require individual borrower ownership.

Conventional vs DSCR Loans in Victorville, CA