Question 1

Can I use a DSCR loan to buy a primary residence in Rohnert Park?

Accepted Answer

No. DSCR loans are for investment properties only. For a primary residence, you need conventional or government-backed financing.

Question 2

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders require 660-680 minimum. Stronger credit gets you better pricing on this non-QM product.

Question 3

Does a conventional loan work for a rental property?

Accepted Answer

Yes, but lenders apply stricter terms. Expect 15-20% down and your personal debt ratios still have to work.

Question 4

How is DSCR calculated on a Rohnert Park rental?

Accepted Answer

Divide the monthly rent by the total mortgage payment. A ratio at or above 1.0 means the property covers its own debt.

Question 5

Which loan closes faster — conventional or DSCR?

Accepted Answer

DSCR can close faster for investors since there's no income document review. Conventional timelines depend on underwriting volume.

Question 6

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

Accepted Answer

Yes. Many investors use conventional for their home and DSCR for rentals. They underwrite independently of each other.

Conventional vs DSCR Loans in Rohnert Park