Question 1

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

Accepted Answer

No. DSCR loans are investment property only. For a primary residence, look at bank statement loans instead.

Question 2

Do bank statement loans require perfect credit?

Accepted Answer

Not perfect. Many programs start at 620 to 640. Stronger credit gets better rates, though.

Question 3

What DSCR ratio do lenders want in Santa Clara County?

Accepted Answer

Most lenders want 1.0 to 1.25. Los Altos rents are high, so hitting that threshold is realistic on many properties.

Question 4

Can I use both loan types at the same time?

Accepted Answer

Yes. Many investors use a bank statement loan for their home and DSCR loans for their rental portfolio. They don't conflict.

Question 5

Which loan closes faster?

Accepted Answer

DSCR loans often move faster since there's no personal income review. Bank statement loans take longer to underwrite.

Bank Statement vs DSCR Loans in Los Altos