Question 1

Can I use a bank statement loan for a rental property?

Accepted Answer

Yes. Bank statement loans work for investment properties when you need to qualify using your business income instead of the property's rent.

Question 2

Do DSCR loans require tax returns?

Accepted Answer

No. DSCR loans qualify based on the property's rental income, not your personal tax returns or W-2s.

Question 3

Which loan type has better rates?

Accepted Answer

Rates vary by borrower profile and market conditions. Bank statement loans often price slightly better because they include personal income verification.

Question 4

Can I qualify for both loan types at once?

Accepted Answer

Yes. Many investors use bank statement loans for primary homes and DSCR loans for rental properties simultaneously.

Question 5

What credit score do I need for each loan?

Accepted Answer

Bank statement loans typically require 620 minimum. DSCR loans usually need 640 or higher, depending on the down payment.

Bank Statement Loans vs DSCR Loans in Colma: Which Non-QM Option Works for You?