Question 1

Can I use a DSCR loan to buy a primary residence?

Accepted Answer

No. DSCR loans are investment property only. For a primary residence, you need a conventional or government-backed loan.

Question 2

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders require at least a 640 credit score. Better scores get better rates.

Question 3

Do conventional loans allow rental income to qualify?

Accepted Answer

Yes, with documented leases and sometimes an appraisal rent schedule. There are limits on how much counts toward your income.

Question 4

How is DSCR calculated?

Accepted Answer

Divide the monthly rent by the total mortgage payment (PITIA). A result above 1.0 means the property covers its own debt.

Question 5

Which loan has the lower rate in Benicia right now?

Accepted Answer

Conventional rates run lower than DSCR. Rates vary by borrower profile and market conditions — call us for a real quote.

Question 6

Can I refinance a rental into a DSCR loan?

Accepted Answer

Yes. DSCR cash-out refinances are common for investors who want to pull equity without showing personal income.

Conventional vs DSCR Loans in Benicia, CA