Question 1

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

Accepted Answer

No. DSCR loans are investment properties only. For a primary residence, you need a bank statement loan or a conventional program.

Question 2

Do bank statement loans require a lower credit score than DSCR?

Accepted Answer

Both are non-QM and have flexible guidelines. Most lenders want at least 660–680 for either program. Rates vary by borrower profile and market conditions.

Question 3

Which loan closes faster in Vista?

Accepted Answer

DSCR loans often close faster. There's no income analysis — just rent vs. payment. Bank statement loans require 12 to 24 months of deposit review.

Question 4

Can I use both loans if I'm self-employed and own rentals?

Accepted Answer

Yes. Many Vista clients use bank statement for their home and DSCR for their rentals. They serve different purposes and can be held simultaneously.

Question 5

What down payment do these loans require?

Accepted Answer

Most lenders want 20–25% down for both programs. Some DSCR lenders go to 15% with a strong ratio and credit profile.

Question 6

How does a lender calculate DSCR on a Vista rental?

Accepted Answer

Divide the monthly gross rent by the full mortgage payment (PITIA). A $3,000 rent on a $2,500 payment equals a 1.2 DSCR — most lenders approve that.

Bank Statement vs DSCR Loans in Vista, CA