Question 1

Can I use a DSCR loan to buy my primary home in Mountain View?

Accepted Answer

No. DSCR loans are for investment properties only. You need a conventional or government-backed loan for a home you'll occupy.

Question 2

What credit score do I need for each loan?

Accepted Answer

Conventional typically requires 620 minimum. DSCR lenders usually want 620-680 depending on the deal and down payment.

Question 3

Is a DSCR loan harder to get than conventional?

Accepted Answer

Not necessarily harder — just different. DSCR ignores your personal income. If the rent covers the payment, the loan can work.

Question 4

Which loan has a lower interest rate?

Accepted Answer

Conventional rates are lower. DSCR carries a premium for the flexible qualifying. Rates vary by borrower profile and market conditions.

Question 5

How much do I need to put down on a DSCR loan?

Accepted Answer

Most DSCR lenders require 20-25% down. Conventional investment properties also need at least 15-20% down.

Question 6

Can I rent out a property bought with a conventional loan?

Accepted Answer

Yes, if it's classified as an investment property at purchase. Renting out a primary home without lender disclosure can violate loan terms.

Conventional vs DSCR Loans in Mountain View, CA