Question 1

Can I use bank statement loans for investment properties?

Accepted Answer

No. Bank statement loans require owner occupancy or second home use. Investment properties need DSCR or other investor programs.

Question 2

Do DSCR loans look at my personal income at all?

Accepted Answer

They verify you can make the down payment and have reserves. But qualifying income comes entirely from the rental property, not your job or business.

Question 3

Which program has better interest rates?

Accepted Answer

Rates vary by borrower profile and market conditions. DSCR rates typically run 0.25% to 0.75% higher than bank statement because they're investment properties.

Question 4

Can I combine these programs for multiple properties?

Accepted Answer

Yes. Use bank statements for your primary home and DSCR for rental properties. Each loan evaluates separately based on its property use.

Question 5

What credit score do I need for each program?

Accepted Answer

Bank statement minimums start at 620, DSCR at 640. Both programs offer better pricing above 680 and strongest rates above 720.

Bank Statement vs DSCR Loans in Pismo Beach: Which Fits Your Investment Strategy?