Question 1

Can I use a DSCR loan to buy a primary residence in Moorpark?

Accepted Answer

No. DSCR loans are for investment properties only. Use a conventional loan for your primary home.

Question 2

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders want at least a 660. Some go as low as 640, but pricing gets worse below 700.

Question 3

Do DSCR loans require tax returns?

Accepted Answer

No. That's the point. Lenders qualify the property on rent, not your personal tax returns.

Question 4

Which loan has lower rates in Moorpark?

Accepted Answer

Conventional rates are lower for qualified buyers. DSCR carries a premium for the reduced documentation. Rates vary by borrower profile and market conditions.

Question 5

Can an LLC take out a DSCR loan?

Accepted Answer

Yes. Many DSCR lenders allow LLC borrowing. Conventional loans generally require individual borrowers.

Question 6

How is DSCR ratio calculated?

Accepted Answer

Divide monthly rent by monthly PITIA — principal, interest, taxes, insurance, and HOA. Above 1.0 means the rent covers the payment.

Conventional vs DSCR Loans in Moorpark, CA