Question 1

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

Accepted Answer

No. DSCR loans are for investment properties only. Use a bank statement loan if you need to finance a home you'll live in.

Question 2

What credit score do I need for each loan?

Accepted Answer

Most non-QM lenders want at least a 620 for both programs. Stronger scores get better rates. Rates vary by borrower profile and market conditions.

Question 3

Do bank statement loans require 24 months of statements?

Accepted Answer

Some lenders accept 12 months. Others require 24. The longer your history, the more income options you have.

Question 4

What counts as a good DSCR ratio?

Accepted Answer

1.0 means rent equals the mortgage payment. Most lenders prefer 1.1 or higher. Below 1.0 is a hard stop at most shops.

Question 5

Can a Dinuba farmer or ag business owner use a bank statement loan?

Accepted Answer

Yes — business bank statements work. Lenders apply an expense factor to estimate net income from your deposits.

Question 6

Which loan closes faster?

Accepted Answer

DSCR deals often close faster because there's no personal income analysis. Bank statement loans need time to review deposit history.

Bank Statement vs DSCR Loans in Dinuba, CA