Question 1

Can I use a DSCR loan to buy a primary residence?

Accepted Answer

No. DSCR loans are for investment properties only. For a home you'll live in, you'd need a bank statement or conventional loan.

Question 2

Do bank statement loans require good credit?

Accepted Answer

Yes. Most lenders want a 660 or higher for bank statement loans. Requirements vary by lender and loan structure.

Question 3

What DSCR ratio do lenders want?

Accepted Answer

Most lenders require a 1.0 DSCR — meaning rent covers the full payment. Some allow below 1.0 with a larger down payment.

Question 4

Which loan has a lower rate — bank statement or DSCR?

Accepted Answer

Both carry higher rates than conventional loans. Rates vary by borrower profile and market conditions for both programs.

Question 5

Can I use both loan types at the same time?

Accepted Answer

Yes. Some investors use a bank statement loan for their residence and a DSCR loan for a rental. We structure these deals regularly.

Question 6

How many bank statements do I need to provide?

Accepted Answer

Lenders typically want 12 to 24 months. Business accounts often get a better income calculation than personal accounts.

Bank Statement vs DSCR Loans in Windsor, CA