Question 1

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

Accepted Answer

No. DSCR loans are for investment properties only. Use a Bank Statement loan for a primary or second home.

Question 2

Do Bank Statement loans require perfect credit?

Accepted Answer

No, but credit still matters. Most lenders want at least a 640 score. Higher credit gets you better pricing.

Question 3

What DSCR ratio do lenders want to see?

Accepted Answer

Most lenders require 1.0 or above. That means rent at least covers the full mortgage payment.

Question 4

Can a self-employed investor use either loan?

Accepted Answer

Yes. If you're buying a rental, DSCR is usually cleaner. Your personal income doesn't affect qualification at all.

Question 5

Are both loans available for Sonoma County properties?

Accepted Answer

Yes. We work with Non-QM wholesale lenders that actively fund in Sebastopol and throughout Sonoma County.

Question 6

Which loan has the higher rate?

Accepted Answer

Both carry higher rates than conventional loans. Rates vary by borrower profile and market conditions — we'll quote both side by side.

Bank Statement vs DSCR Loans in Sebastopol, CA