Question 1

Can I use both loans at the same time?

Accepted Answer

Yes, for different properties. Use Bank Statement for your primary home and DSCR for a rental you're buying separately.

Question 2

Which loan has stricter credit requirements?

Accepted Answer

Both are non-QM, but DSCR lenders often want 680+. Bank Statement lenders may go lower depending on down payment and reserves.

Question 3

Do DSCR loans work for short-term rentals in SF?

Accepted Answer

Some lenders accept Airbnb income projections. SF short-term rental rules are strict, so lenders may require long-term lease documentation instead.

Question 4

How much do I need to put down?

Accepted Answer

Bank Statement loans typically require 10–20% down. DSCR loans usually start at 20–25% for investment properties.

Question 5

Can I use a DSCR loan to buy a multi-unit property?

Accepted Answer

Yes. Two- to four-unit properties qualify. Lenders use the combined rental income from all units in the DSCR calculation.

Bank Statement vs DSCR Loans in San Francisco