Question 1

Can I use a DSCR loan to buy a home to live in?

Accepted Answer

No. DSCR Loans are investment properties only. For a primary residence, you need a Bank Statement Loan or a conventional option.

Question 2

Do Bank Statement Loans require perfect credit?

Accepted Answer

No, but credit score directly affects your rate. Higher scores unlock meaningfully better pricing on Non-QM products. Rates vary by borrower profile.

Question 3

How many months of bank statements do lenders want?

Accepted Answer

Most lenders require 12 months minimum. Many prefer 24 months. Business accounts typically require an expense ratio calculation.

Question 4

What DSCR ratio do I need to qualify in Solano County?

Accepted Answer

Most lenders require a DSCR of 1.0 or above, with 1.1 to 1.25 being the stronger range. Some lenders allow below 1.0 with compensating factors.

Question 5

Can I have both a Bank Statement Loan and a DSCR Loan?

Accepted Answer

Yes. Many self-employed investors use both — a Bank Statement Loan for their residence and DSCR Loans to scale their rental portfolio.

Question 6

Which loan closes faster in Dixon?

Accepted Answer

DSCR Loans often close faster because underwriters focus on the property, not personal income. Fewer docs typically means fewer conditions.

Bank Statement vs DSCR Loans in Dixon, CA