Question 1

Can I use both loans at the same time?

Accepted Answer

Yes. A self-employed investor can use a bank statement loan for a primary home and a DSCR loan for a rental. They serve different properties.

Question 2

Which loan has the lower credit requirement?

Accepted Answer

Both typically require a 620–680 minimum credit score. DSCR lenders sometimes go lower if the property cash flow is strong.

Question 3

Do DSCR loans work for short-term rentals?

Accepted Answer

Some lenders accept Airbnb income for DSCR calculations. Not all do. We check which of our 200+ lenders allow it.

Question 4

What down payment do these loans require?

Accepted Answer

Expect 20–25% down for DSCR loans. Bank statement loans can go as low as 10% down depending on the lender and borrower profile.

Question 5

Can I use a bank statement loan for an investment property?

Accepted Answer

Yes, but your personal income still has to qualify the payment. DSCR is usually a cleaner fit for pure investment deals.

Question 6

Which loan closes faster in Shasta Lake?

Accepted Answer

DSCR loans often close faster. Less income documentation means fewer conditions. Bank statement loans take longer to underwrite.

Bank Statement vs DSCR Loans in Shasta Lake, CA