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in San Francisco, CA
San Francisco has some of the highest property values in the country. Most buyers here don't fit a standard W-2 lending box.
Both Bank Statement and DSCR loans are non-QM products. Each solves a different problem — knowing which one fits your deal matters.
Bank Statement loans verify income using 12 to 24 months of deposits. No W-2s. No tax returns. Your bank account tells the story.
This works well for founders, consultants, and freelancers. SF has no shortage of those. Lenders average your deposits and build income from that.
DSCR loans ignore your personal income entirely. Lenders look at the rental property's cash flow instead.
A DSCR above 1.0 means the rent covers the mortgage. Most lenders want 1.1 or higher. SF rents can make this math work — even at high price points.
The core difference is whose income qualifies the loan. Bank Statement uses yours. DSCR uses the property's.
Bank Statement loans suit primary residences and second homes. DSCR is strictly for investment properties. Mixing these up wastes everyone's time.
Buying a home you'll live in and self-employed? Bank Statement is your path. It's the only non-QM option that works for primary purchases without tax return income.
Buying a rental in the Mission or Outer Sunset? DSCR is cleaner. No personal income review means faster underwriting and no exposure of your full financial picture.
Yes, for different properties. Use Bank Statement for your primary home and DSCR for a rental you're buying separately.
Both are non-QM, but DSCR lenders often want 680+. Bank Statement lenders may go lower depending on down payment and reserves.
Some lenders accept Airbnb income projections. SF short-term rental rules are strict, so lenders may require long-term lease documentation instead.
Bank Statement loans typically require 10–20% down. DSCR loans usually start at 20–25% for investment properties.
Yes. Two- to four-unit properties qualify. Lenders use the combined rental income from all units in the DSCR calculation.