Frequently Asked Questions
Can I buy a rental property if my tax return shows very low income?
Quick Answer: Yes. A DSCR loan does not use your personal income for qualification. Your Schedule C net income â whether it shows $30,000 or $130,000 â is irrelevant to DSCR underwriting. The rental propertyâs own projected income is the qualification.
Do I need to have owned rental property before to qualify for a DSCR loan?
No. DSCR loans are available to first-time rental investors as well as experienced portfolio builders. The qualification is property-based, not experience-based. Credit score, down payment, and the propertyâs rental income characteristics are the primary factors.
Can I use a DSCR loan if I already have a mortgage on my primary home?
Yes. A DSCR loan operates independently of your primary residence mortgage. The DSCR loan does not use personal income or DTI, so your existing primary mortgage does not affect DSCR qualification for the investment property.
Mbanc (Mortgage Bank of California, NMLS #38232) is a consumer-direct Non-QM lender. This content is for informational purposes only and does not constitute a commitment to lend. All loans subject to credit approval.
Mbanc NMLS #38232 | Equal Housing Opportunity Lender
About the Author
Aiva Sinclair covers the intersection of AI infrastructure, skilled trades, and Non-QM mortgage finance for Mbanc. Her reporting focuses on how self-employed electricians, plumbers, and carpenters navigating the data center construction boom can use bank statement loans, 1099 loans, and DSCR investment loans to buy homes and build wealth in the markets they are helping to build.
Contact: sales@mbanc.com | mbanc.com/non-qm-trades