Question 1

Can I use a DSCR loan to buy a primary residence?

Accepted Answer

No. DSCR loans are for investment properties only. For a primary home, Bank Statement is the Non-QM option.

Question 2

Do Bank Statement loans require perfect credit?

Accepted Answer

No, but credit still matters. Most lenders want a 620+ score. Stronger credit gets you better rates. Rates vary by borrower profile and market conditions.

Question 3

What if my rental property breaks even — does DSCR still work?

Accepted Answer

A DSCR of exactly 1.0 means rent equals the payment. Some lenders accept that. Others want a cushion above 1.0.

Question 4

Can I use both loans at the same time?

Accepted Answer

Yes. A self-employed investor could use Bank Statement for a primary home and DSCR for a rental simultaneously.

Question 5

Which loan closes faster in Guadalupe?

Accepted Answer

DSCR typically moves faster — there's less income documentation to verify. Bank Statement loans require lenders to analyze months of deposits.

Question 6

Does SRK CAPITAL offer both loan types?

Accepted Answer

Yes. SRK CAPITAL works with 200+ wholesale lenders carrying both programs. We compare options across the board.

Bank Statement vs DSCR Loans in Guadalupe, CA