Question 1

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

Accepted Answer

No. DSCR loans are for investment properties only. Use a bank statement loan for owner-occupied purchases.

Question 2

Do bank statement loans require good credit?

Accepted Answer

Most lenders want a 620–680 minimum score. Higher scores get better rates. Rates vary by borrower profile and market conditions.

Question 3

What DSCR ratio do lenders require?

Accepted Answer

Most want 1.1 or higher. Some lenders go as low as 1.0. A few allow below 1.0 with a larger down payment.

Question 4

Can I use both loan types at the same time?

Accepted Answer

Yes. Many investors use a bank statement loan for their primary home and DSCR loans for their rental portfolio.

Question 5

Which loan closes faster in Suisun City?

Accepted Answer

DSCR loans often close faster. There's no personal income analysis — just a rent schedule and property appraisal.

Question 6

Do either of these loans require tax returns?

Accepted Answer

Neither does. That's the core advantage of both programs over conventional or FHA financing.

Bank Statement vs DSCR Loans in Suisun City