Question 1

Can I use a Bank Statement loan to buy a rental property?

Accepted Answer

Yes, but DSCR is usually cleaner for rentals. DSCR doesn't require your personal income docs at all.

Question 2

What credit score do I need for these loans?

Accepted Answer

Most Non-QM lenders want at least 620 to 640. Stronger credit gets you better pricing on both programs.

Question 3

Do DSCR loans work for short-term rentals in Sutter County?

Accepted Answer

Some lenders allow short-term rental income. Not all do — this is where shopping 200+ lenders makes a real difference.

Question 4

How much do I need to put down on either loan?

Accepted Answer

Expect 10–20% down for Bank Statement loans. DSCR loans typically require 20–25% for investment properties.

Question 5

Which loan closes faster?

Accepted Answer

DSCR can move quickly since there's no personal income review. Bank Statement loans need time to average deposit history.

Question 6

Can I be self-employed and use a DSCR loan?

Accepted Answer

Absolutely. DSCR ignores your personal income entirely. It's one reason investors with complex taxes prefer it.

Bank Statement vs DSCR Loans in Live Oak, CA