Question 1

Can I use a Bank Statement Loan for a rental property?

Accepted Answer

Yes. Bank Statement Loans aren't limited to primary homes. You can use them on investment properties if you want income-based qualifying.

Question 2

Can I use a DSCR Loan to buy a home I'll live in?

Accepted Answer

No. DSCR Loans are for investment properties only. Owner-occupied purchases don't qualify under DSCR guidelines.

Question 3

Which loan has stricter credit requirements?

Accepted Answer

Both are Non-QM loans with flexible credit guidelines. Minimum scores vary by lender — we shop across 200+ wholesale lenders to find your best fit.

Question 4

Do either of these loans require tax returns?

Accepted Answer

Neither requires tax returns. Bank Statement Loans use deposit history. DSCR Loans use the rental property's income instead.

Question 5

Which loan is better for a first-time investor in Yreka?

Accepted Answer

DSCR is often simpler for investors. If the rent covers the mortgage, you can qualify without documenting your personal income at all.

Bank Statement vs DSCR Loans in Yreka, CA