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 home you'll live in, bank statement loans are the non-QM option.

Question 2

What credit score do these loans require?

Accepted Answer

Most non-QM lenders want at least a 620 to 640. Higher scores get better rates on both products.

Question 3

Can I use both loan types at the same time?

Accepted Answer

Yes. Some investors use a bank statement loan for their residence and a DSCR loan for a rental. We structure this regularly.

Question 4

Which loan closes faster?

Accepted Answer

DSCR loans often move quicker. There's less personal income documentation to collect and verify.

Question 5

Do rural properties in Siskiyou County qualify?

Accepted Answer

Both loan types can work in rural areas like Dorris. Lender appetite for rural collateral varies — we shop across 200+ wholesale lenders to find the right fit.

Question 6

How do lenders calculate income on bank statement loans?

Accepted Answer

They average your monthly deposits over 12 or 24 months. Business account users may apply an expense factor, reducing the qualifying income.

Bank Statement vs DSCR Loans in Dorris, CA