Question 1

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

Accepted Answer

No. DSCR loans are for non-owner-occupied investment properties only. For a primary residence, a bank statement loan is the better fit.

Question 2

Do bank statement loans work for investment properties?

Accepted Answer

Yes. Bank statement loans can fund investment properties. Your deposits — not the rent — are what qualifies you.

Question 3

Which loan has a lower credit score requirement?

Accepted Answer

Both are non-QM loans and requirements vary by lender. We shop across 200+ wholesale lenders to find the best fit for your profile.

Question 4

Do DSCR loans require a larger down payment?

Accepted Answer

Most DSCR lenders want 20–25% down. Bank statement loan down payments vary but can be lower depending on the lender and your credit profile.

Question 5

Can I use projected rent to qualify for a DSCR loan?

Accepted Answer

Some lenders accept an appraiser's rent schedule on new acquisitions. Actual lease income is always stronger. Rates vary by borrower profile and market conditions.

Question 6

Which loan closes faster in Moorpark?

Accepted Answer

DSCR loans often close faster since there's no personal income review. Bank statement loans require more document analysis, which adds time.

Bank Statement vs DSCR Loans in Moorpark, CA