Question 1

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

Accepted Answer

No. DSCR loans are investment property only. For a primary residence, you need conventional, FHA, or VA financing.

Question 2

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders want at least a 660 credit score. Some programs go down to 620 with higher rates and larger down payments.

Question 3

How much down payment does a DSCR loan require?

Accepted Answer

Expect 20–25% down on most DSCR programs. Some lenders require more for condos or multi-unit properties.

Question 4

Do conventional loans allow rental income to qualify?

Accepted Answer

Yes, with limits. Fannie Mae allows documented rental income from existing leases. But your personal DTI still has to work.

Question 5

Which loan has lower rates in Oxnard right now?

Accepted Answer

Conventional rates run lower than DSCR as of April 2026. DSCR carries a premium because it is a non-QM product. Rates vary by borrower profile and market conditions.

Question 6

Can an LLC take out a DSCR loan on an Oxnard rental?

Accepted Answer

Many DSCR lenders allow LLC vesting. Conventional loans almost never do — Fannie Mae requires individual borrowers.

Conventional vs DSCR Loans in Oxnard, CA