Question 1

Can I use a bank statement loan for investment property?

Accepted Answer

No. Bank statement loans are for primary residences and second homes only. Investment properties need DSCR or conventional investor loans.

Question 2

Do DSCR loans require proof of rental income?

Accepted Answer

Yes, through a signed lease or appraiser's market rent opinion. Existing rentals need lease agreements showing current tenant occupancy.

Question 3

Which loan type has lower rates in Mount Shasta?

Accepted Answer

Bank statement loans typically price 50-75 basis points lower than DSCR. Rates vary by borrower profile and market conditions.

Question 4

Can I combine bank statements and DSCR on the same property?

Accepted Answer

No. Each loan uses one income verification method. You pick the program that matches your occupancy intent and income type.

Question 5

Do both programs allow cash-out refinances?

Accepted Answer

Yes, but bank statement cash-outs are for owner-occupied homes. DSCR cash-outs work on rental properties to pull equity for more deals.

Bank Statement vs DSCR Loans in Mount Shasta: Which Non-QM Route Fits Your Deal?