Question 1

Can I use a Bank Statement loan to buy a rental property?

Accepted Answer

Technically yes, but DSCR is usually a better fit for rentals. Bank Statement loans are designed for owner-occupied and second home purchases.

Question 2

Do DSCR loans check my credit score?

Accepted Answer

Yes. DSCR lenders still pull credit. Most require a 620 to 680 minimum, depending on the lender and down payment.

Question 3

How many months of bank statements do I need?

Accepted Answer

Most Bank Statement programs require 12 months. Some lenders want 24. We shop both options across our lender network.

Question 4

What if my DSCR is below 1.0?

Accepted Answer

Some lenders approve DSCRs below 1.0 with a larger down payment. Options exist — but your rate and terms will reflect the added risk.

Question 5

Can I use a DSCR loan for a short-term rental in Del Mar?

Accepted Answer

Yes. Many DSCR lenders accept short-term rental income projections. Del Mar's rental market supports strong projected income figures.

Question 6

Which loan has better rates — Bank Statement or DSCR?

Accepted Answer

Both carry non-QM rate premiums over conventional loans. Rates vary by borrower profile and market conditions. We compare both across 200+ lenders.

Bank Statement vs DSCR Loans in Del Mar