Question 1

Can I use a DSCR loan to buy a short-term rental in Rio Vista?

Accepted Answer

Yes, many DSCR lenders accept short-term rental income. Some require a market rent analysis instead of an existing lease.

Question 2

Do Bank Statement loans require two years of self-employment?

Accepted Answer

Most lenders want 24 months of self-employment history. Some accept 12 months with strong deposit patterns.

Question 3

Can I use an LLC to get a DSCR loan?

Accepted Answer

Yes. DSCR loans are commonly structured under LLCs. Bank Statement loans usually require personal borrower qualification.

Question 4

Which loan has a lower down payment requirement?

Accepted Answer

Both typically require 20–25% down. DSCR loans may require more on lower-DSCR properties.

Question 5

What credit score do I need for each loan?

Accepted Answer

Most Non-QM lenders want 660–680 minimum for both. Higher scores improve your rate on either program.

Question 6

Can I get both loans at the same time?

Accepted Answer

Yes. A Bank Statement loan on your primary and a DSCR loan on a rental can close simultaneously or separately.

Bank Statement vs DSCR Loans in Rio Vista, CA