Question 1

Can I use a DSCR loan to buy my primary home in Visalia?

Accepted Answer

No. DSCR loans are for investment properties only. Primary home buyers need conventional, FHA, or VA financing.

Question 2

Do DSCR loans require a higher down payment?

Accepted Answer

Yes. Most DSCR lenders require 20-25% down. Conventional loans allow as little as 3% for qualified buyers.

Question 3

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders want a 620-640 minimum. Better rates kick in above 700. Rates vary by borrower profile and market conditions.

Question 4

Can I count future rental income on a conventional loan?

Accepted Answer

Sometimes. Fannie Mae allows projected rent in limited cases. DSCR loans are built specifically around rental income qualification.

Question 5

Which loan is faster to close in Tulare County?

Accepted Answer

DSCR loans often close faster since there's no income verification process. Conventional loans require full underwriting of your finances.

Question 6

Can I have both a conventional and a DSCR loan at the same time?

Accepted Answer

Yes. Many investors use conventional for their primary home and DSCR for rental properties. They don't conflict with each other.

Conventional vs DSCR Loans in Visalia, CA