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in Los Altos Hills, CA
Los Altos Hills attracts self-employed founders, investors, and high earners. Two non-QM loans serve them well — but for different goals.
Bank Statement loans solve an income-proof problem. DSCR loans solve a rental investment problem. Picking the wrong one costs you time.
Bank Statement loans read 12 to 24 months of deposits to calculate your income. Lenders average those deposits instead of asking for W-2s or tax returns.
This fits Los Altos Hills buyers who run businesses, consult, or have significant write-offs that make their taxable income look small.
DSCR loans skip your personal income entirely. Lenders look at the rental property's cash flow — does rent cover the mortgage payment?
A DSCR above 1.0 means the property pays for itself. Many lenders in our network approve at 1.0 or higher. Some go lower with a bigger down payment.
Bank Statement loans are personal — they prove you earn enough to repay. DSCR loans are property-level — they prove the deal pencils out.
Down payment minimums differ too. Bank Statement loans often start at 10%. DSCR loans typically require 20-25% down. Rates vary by borrower profile and market conditions.
Buying a home in Los Altos Hills to live in? Bank Statement is your path — especially if your tax returns understate what you actually earn.
Buying a rental or investment property? Use DSCR. Your personal income stays out of the equation entirely. That matters when you're scaling.
Yes, some lenders allow it. But DSCR usually offers better terms for rentals since the property income qualifies you.
Yes. Most DSCR lenders require a 620 to 680 minimum score. Higher scores get better rates.
Both carry higher rates than conventional loans. DSCR rates often run slightly higher. Rates vary by borrower profile and market conditions.
DSCR lenders commonly accept LLC borrowers. Bank Statement loans typically require individual borrowers.
Non-QM loans like these generally close in 21 to 30 days. Having your statements ready speeds things up.
Most lenders want at least 620. A 700-plus score opens better rates and lower down payment options.