Question 1

Can I use a DSCR loan on my primary home in Turlock?

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 good credit?

Accepted Answer

Most lenders start at 620 to 640. Better credit gets you better pricing on non-QM products.

Question 3

What DSCR ratio do Turlock rental properties need to hit?

Accepted Answer

Most lenders want 1.1 or above. A property renting for exactly what the mortgage costs usually isn't enough.

Question 4

Can I use business bank statements instead of personal?

Accepted Answer

Yes. Most lenders accept business accounts. They may apply an expense factor to calculate net qualifying income.

Question 5

Which loan closes faster — bank statement or DSCR?

Accepted Answer

DSCR typically closes faster. There's no income analysis — just rent and debt. Bank statement reviews take more time.

Question 6

Can a self-employed investor use both loan types?

Accepted Answer

Yes. Many clients use bank statement loans for their own home and DSCR loans for rentals. We structure both.

Bank Statement vs DSCR Loans in Turlock, CA