Question 1

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

Accepted Answer

No. DSCR Loans are for investment properties only. If you need a primary residence loan, Bank Statement is the right Non-QM path.

Question 2

What credit score do I need for these loans?

Accepted Answer

Most Non-QM lenders want at least a 620 for Bank Statement Loans and DSCR Loans. Higher scores get better rates. Rates vary by borrower profile and market conditions.

Question 3

Do Bank Statement Loans work for rental properties?

Accepted Answer

Yes. Self-employed investors can use Bank Statement Loans on rentals. But DSCR is often simpler — no personal income docs at all.

Question 4

What's a good DSCR ratio for Vacaville rentals?

Accepted Answer

Most lenders want a ratio of 1.0 or higher. That means the rent covers the full monthly payment. Some lenders go below 1.0 with a larger down payment.

Question 5

How much down payment do these Non-QM loans require?

Accepted Answer

Expect 10–20% down for Bank Statement Loans and 20–25% for DSCR Loans. Requirements vary by lender and borrower profile.

Question 6

Can I qualify for both loans at the same time?

Accepted Answer

Possibly, if you're buying two different properties. We work with 200+ wholesale lenders and can structure both deals simultaneously.

Bank Statement vs DSCR Loans in Vacaville, CA