Frequently Asked Questions

I’m a self-employed electrician — can I use a DSCR loan for a rental property even though my tax return shows low income?

Yes. A DSCR loan does not use your personal income for qualification — it qualifies the property on its own rental income. Your Schedule C net income, write-offs, and tax optimization are completely irrelevant to DSCR underwriting.

Can I hold a primary home on a bank statement loan and a rental property on a DSCR loan at the same time?

Yes. The two products operate independently. A bank statement loan qualifies your primary residence on your deposit income. A DSCR loan qualifies the investment property on its rental income. Mbanc structures this dual-product approach regularly.

What DSCR ratio do I need to qualify for a rental property as a self-employed electrician?

Most DSCR programs prefer 1.0 or above. Some programs allow below 1.0 with higher down payments of 30 percent or more and strong credit of 700 or above. A Non-QM loan officer should model the specific property’s DSCR before you make an offer.

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