Question 1

Can I use both loan types at the same time?

Accepted Answer

Yes. Use bank statement for your primary residence and DSCR for investment properties. Lenders view them as separate qualification methods.

Question 2

Which loan type closes faster in Woodside?

Accepted Answer

DSCR typically closes in 21 days versus 25-30 for bank statement. Less income documentation means fewer underwriting conditions.

Question 3

Do these loans work for Woodside's high property values?

Accepted Answer

Both handle jumbo loan amounts common in San Mateo County. Expect 20-25% down on purchases above $2 million.

Question 4

Can I refinance an existing property with either option?

Accepted Answer

Yes for both. DSCR works for rate-term and cash-out refinances. Bank statement handles primary residence refinances when income documentation is an issue.

Question 5

How do recent crypto income rules affect these loans?

Accepted Answer

HousingWire reported new non-QM products let you use crypto holdings as reserves. That applies to bank statement loans but typically not DSCR since personal assets don't factor in.

Bank Statement vs DSCR Loans: Which Works for Woodside Property Buyers?