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in Simi Valley, CA
Both loans skip tax returns entirely. That's where the similarity ends.
Self-employed buyers and real estate investors have different needs. Picking the wrong loan costs you time and money.
Bank Statement Loans are built for self-employed borrowers. Your deposits prove your income — not your Schedule C.
Lenders use 12 to 24 months of statements. Business or personal accounts both work, depending on the lender.
DSCR Loans don't care what you earn personally. The rental income on the property does the qualifying.
Lenders calculate a Debt Service Coverage Ratio. A DSCR at or above 1.0 means the rent covers the mortgage.
Bank Statement Loans are income-driven. DSCR Loans are property-driven. That single difference shapes everything.
Want to buy your Simi Valley home or mixed-use property? Bank Statement wins. Buying a rental? DSCR is faster and cleaner.
Self-employed and buying a home in Simi Valley? Bank Statement is your path. Your personal income is what matters here.
Picking up a rental property and don't want your tax returns scrutinized? DSCR removes you from the equation entirely.
No. DSCR Loans are investment property only. For a primary residence, Bank Statement is the right Non-QM option.
Yes. Self-employed investors can use Bank Statement Loans on rentals. But DSCR often has simpler qualification for that purpose.
Both are Non-QM and credit-flexible, but minimum scores vary by lender. We match you to lenders based on your actual profile.
Most lenders want 12 to 24 months. Business accounts may need an expense factor applied to calculate usable income.
A ratio of 1.0 or higher is the standard. Some lenders allow below 1.0 with stronger credit or a larger down payment.
Yes. Many investors use a Bank Statement Loan on their home and DSCR Loans across their rental portfolio.