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 primary home, bank statement loans are the non-QM option.

Question 2

Do bank statement loans require perfect credit?

Accepted Answer

No, but most lenders start at 620–640. Higher scores get better rates. Rates vary by borrower profile and market conditions.

Question 3

Can I hold a DSCR loan in an LLC?

Accepted Answer

Yes. Most DSCR lenders allow LLC vesting. Bank statement loans typically require individual borrowers.

Question 4

What if my rental property has no lease yet?

Accepted Answer

Many DSCR lenders accept an appraiser's market rent estimate. You don't always need an active tenant to close.

Question 5

Which loan is easier to qualify for in Siskiyou County?

Accepted Answer

It depends on your situation. DSCR is simpler if the property cash flows. Bank statement requires solid deposit history.

Question 6

Can I use both loans if I have multiple properties?

Accepted Answer

Yes. Investors often use bank statement for their residence and DSCR for rentals. We structure deals this way regularly.

Bank Statement vs DSCR Loans in Montague, CA