Question 1

Can I use a bank statement loan to buy a rental property?

Accepted Answer

Yes, but DSCR is usually the cleaner fit for rentals. Bank statement loans work better when you're buying a home you'll occupy.

Question 2

Do DSCR loans require any proof of my income?

Accepted Answer

No personal income docs are required. The lender qualifies the loan based on the property's expected or actual rent.

Question 3

Which loan has a lower minimum credit score?

Accepted Answer

Both programs vary by lender. Most non-QM lenders want at least a 620 to 660 credit score for either loan type.

Question 4

Can I use both loan types at the same time?

Accepted Answer

Yes. Many investors use a bank statement loan for their primary home and DSCR loans for their rental portfolio.

Question 5

What down payment is typical for each loan?

Accepted Answer

Expect 10–20% down for bank statement loans. DSCR loans typically require 20–25% down on investment properties.

Question 6

Are these loans available in Camarillo specifically?

Accepted Answer

Yes. We work with 200+ wholesale lenders and place both loan types in Ventura County regularly.

Bank Statement vs DSCR Loans in Camarillo