Question 1

Can I use both loans at the same time?

Accepted Answer

Yes. Some investors use a bank statement loan for a primary home and DSCR for a rental. They're separate qualifying structures.

Question 2

Which loan has the lower down payment?

Accepted Answer

Both typically require 20% or more down. DSCR lenders often require 25% on investment properties.

Question 3

Do DSCR loans work for short-term rentals?

Accepted Answer

Some lenders accept Airbnb income for DSCR calculations. Not all do — this is where shopping 200+ lenders matters.

Question 4

What credit score do I need for either loan?

Accepted Answer

Most non-QM lenders want 660 to 680 minimum. Better scores get better pricing on both products.

Question 5

Can a self-employed investor use DSCR instead of bank statement?

Accepted Answer

Absolutely. If the rental income covers the debt, your personal income is irrelevant. Many self-employed investors prefer DSCR for that reason.

Question 6

Which loan closes faster in Tuolumne County?

Accepted Answer

DSCR often closes faster. There's less personal documentation to collect and verify compared to bank statement loans.

Bank Statement vs DSCR Loans in Sonora, CA