Question 1

Can I use DSCR to buy a home I'll live in?

Accepted Answer

Yes, but only if the property generates rental income. If you're buying a single-family home to occupy yourself with no rental component, conventional is your path. DSCR requires documented property income to qualify.

Question 2

What credit score do I need for a conventional loan in San Francisco?

Accepted Answer

Minimum 620, but most lenders prefer 680 or higher. At 680+, you'll access better rates and easier approval. Below 680, expect higher rates and stricter documentation.

Question 3

How much down payment do I need to avoid PMI on conventional?

Accepted Answer

20% down eliminates PMI entirely. Below 20%, you'll pay mortgage insurance until you hit 80% loan-to-value. At 3% down, PMI adds roughly $200 to $400 monthly depending on the loan amount.

Question 4

Why does DSCR take longer to close than conventional?

Accepted Answer

DSCR underwriting requires lease agreements, rent rolls, and property appraisals to verify income. Conventional uses your tax returns and employment verification, which move faster. The extra 15 days accounts for property income documentation.

Question 5

Can I get a DSCR loan for $1,249,125 in San Francisco?

Accepted Answer

Yes. The 2026 conforming limit of $1,249,125 applies to DSCR loans in San Francisco County. You'll need 20% to 25% down, so roughly $250,000 to $312,000 in cash reserves.

Conventional vs DSCR Loans in San Francisco: Which Fits Your Finances?