Question 1

Can I use bank statement loans for rental properties?

Accepted Answer

Some lenders allow it for 1-4 unit investment properties. DSCR is cleaner for pure rentals since it skips all personal income review.

Question 2

What credit score do I need for DSCR loans?

Accepted Answer

Most lenders want 620 minimum, though some programs go to 600. Higher scores unlock better rates and lower down payment requirements.

Question 3

Do these loans have prepayment penalties?

Accepted Answer

Many non-QM loans include prepayment penalties for 1-5 years. We shop lenders with and without penalties based on your plans.

Question 4

How much rent does a property need for DSCR approval?

Accepted Answer

Rent must cover the full debt service. A 1.0 ratio means rent equals the payment. Higher ratios improve rates and approval odds.

Question 5

Can I combine crypto assets with these loan types?

Accepted Answer

As of February 2026, some non-QM lenders accept verified cryptocurrency holdings as reserves. This adds another layer of qualification flexibility for alternative borrowers.

Bank Statement vs DSCR Loans in Cloverdale: Which Non-QM Option Fits Your Deal?