Question 1

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

Accepted Answer

Yes, but DSCR usually works better. Bank statement requires documenting your income, which DSCR skips entirely for investment properties.

Question 2

Which loan type has lower rates in Menlo Park?

Accepted Answer

Bank statement loans typically price 0.5-1% lower than DSCR. You pay a premium for not documenting any personal income.

Question 3

Do both programs accept cryptocurrency as reserves?

Accepted Answer

Bank statement programs now allow verified crypto holdings as reserves. DSCR focuses on property income, so reserves matter less for qualification.

Question 4

What credit score do I need for each program?

Accepted Answer

Both typically require 620-640 minimum. Higher scores unlock better rates and lower down payment requirements on both products.

Question 5

Can I avoid showing tax returns with either loan?

Accepted Answer

Yes, both skip tax returns. Bank statement uses deposits instead. DSCR ignores personal income entirely and qualifies on rent.

Question 6

Which program works better for tech workers with equity comp?

Accepted Answer

Bank statement if buying a primary home. Lenders can factor equity-driven deposits into income calculations through your bank statements.

Bank Statement vs DSCR Loans in Menlo Park: Which Non-QM Loan Fits Your Deal?