Question 1

Can I use a DSCR loan to buy a vacation rental in Jamestown?

Accepted Answer

Yes. DSCR lenders allow short-term rental income in many cases. Confirm the lender accepts STR income before you apply.

Question 2

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders require a 680 minimum. Some go down to 660, but rates get worse below 700.

Question 3

Does a conventional loan work for an investment property?

Accepted Answer

Yes, but you need strong personal income to support both your housing payment and the new loan. Expect at least 15% down.

Question 4

Which loan closes faster?

Accepted Answer

DSCR loans skip income verification, so they can move quickly. Conventional timelines depend on how clean your income docs are.

Question 5

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

Accepted Answer

Yes. DSCR loans don't show up as standard debt-to-income obligations on conventional files. Many investors hold both simultaneously.

Conventional vs DSCR Loans in Jamestown, CA