Question 1

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

Accepted Answer

No. DSCR loans are investment property only. For a primary home, you need conventional, FHA, or another owner-occupant program.

Question 2

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders want 680 or higher. Some go to 660 with better terms and a larger down payment.

Question 3

Do conventional loans work for rental properties?

Accepted Answer

Yes, but lenders count only a portion of the rental income. Your personal DTI — debt-to-income ratio — still has to qualify.

Question 4

Which loan closes faster in Thousand Oaks?

Accepted Answer

DSCR loans often close faster. No tax return review means less underwriting back-and-forth on income documentation.

Question 5

Can an LLC take title on a DSCR loan?

Accepted Answer

Yes. Most DSCR lenders allow LLC vesting. Conventional loans almost never allow it for residential properties.

Question 6

Are DSCR rates fixed or adjustable?

Accepted Answer

Both options exist. Fixed 30-year DSCR loans are common. ARMs are available for investors targeting shorter hold periods.

Conventional vs DSCR Loans in Thousand Oaks