Question 1

Can I use both loan types at the same time?

Accepted Answer

Yes. A self-employed investor can use a Bank Statement loan for a personal purchase and a DSCR loan for a rental. They're separate transactions.

Question 2

Which loan has a lower minimum credit score?

Accepted Answer

It varies by lender and program. Both are Non-QM, so requirements differ across our 200+ wholesale lenders. We shop both to find your best fit.

Question 3

Do DSCR loans work for short-term rentals in Visalia?

Accepted Answer

Some lenders accept short-term rental income for DSCR calculations. Not all do. We'll identify which lenders allow it for your property type.

Question 4

How many months of bank statements do I need?

Accepted Answer

Most lenders want 12 to 24 months. 24 months gives a stronger income average and can offset a lower credit score.

Question 5

Does a DSCR loan show up on my personal credit?

Accepted Answer

Yes. DSCR loans are still tied to you as the borrower. The property qualifies the loan, but you're still on the note.

Question 6

Which loan type is faster to close?

Accepted Answer

DSCR loans often move faster because there's no income analysis on the borrower side. A clean appraisal and solid rent schedule can speed things up.

Bank Statement vs DSCR Loans in Visalia, CA