Question 1

Can I use a bank statement loan for investment properties?

Accepted Answer

Yes. Bank statement loans finance primary homes, second homes, and rentals. DSCR loans only work for investment properties.

Question 2

Which loan type has lower rates in Burlingame?

Accepted Answer

Rates vary by borrower profile and market conditions. DSCR often prices slightly better when rental income is strong and you put 25% down.

Question 3

Do I need tax returns for either option?

Accepted Answer

Neither requires tax returns for income verification. DSCR ignores your income entirely. Bank statement loans use deposits instead of returns.

Question 4

What credit score do I need for each loan?

Accepted Answer

Both typically require 620 minimum. Stronger credit scores unlock better rates and lower down payment requirements on either program.

Question 5

Can I get a DSCR loan with no rental income yet?

Accepted Answer

Yes. Lenders use a rental market analysis from the appraisal to project income. The property must show it can cover the payment.

Bank Statement Loans vs DSCR Loans in Burlingame: Which Fits Your Strategy?