Question 1

Can I use a DSCR loan for a primary residence in Suisun City?

Accepted Answer

No. DSCR loans are investment property only. You need a conventional or government-backed loan for a home you plan to live in.

Question 2

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders want 680 or higher. Some go down to 640 with higher rates or larger down payments.

Question 3

Does conventional financing work for duplexes or triplexes?

Accepted Answer

Yes, up to four units. You typically need to occupy one unit, and rent from the others can help you qualify.

Question 4

How is DSCR calculated on a Suisun City rental?

Accepted Answer

Divide the property's monthly rent by the total monthly mortgage payment. A 1.0 breaks even. Most lenders want 1.0 to 1.25 or higher.

Question 5

Which loan closes faster?

Accepted Answer

DSCR loans can close faster because there is no income doc review. Conventional with full underwriting typically takes 21-30 days.

Question 6

Can I have both a conventional and a DSCR loan at the same time?

Accepted Answer

Yes. They serve different purposes and different lenders. Many investors carry both simultaneously.

Conventional vs DSCR Loans in Suisun City