Question 1

Can I use a DSCR loan to buy a fixer-upper in Livermore?

Accepted Answer

Not usually. DSCR lenders want a rent-ready property. For a fixer, start with hard money, renovate, then refinance into a DSCR loan.

Question 2

How fast does hard money actually close?

Accepted Answer

Experienced hard money lenders can close in 5–10 days. That speed is the main reason investors use them over conventional financing.

Question 3

Do DSCR loans require a minimum credit score?

Accepted Answer

Most DSCR lenders want at least a 620–640 score. Hard money lenders are more flexible — some will go lower if the deal is strong.

Question 4

What DSCR ratio do I need to qualify?

Accepted Answer

Most lenders require a DSCR of 1.0 or above. That means the rent must at least cover the full mortgage payment.

Question 5

Can I refinance from hard money into a DSCR loan?

Accepted Answer

Yes — this is a common strategy. Renovate with hard money, stabilize the rental, then refinance into a 30-year DSCR loan.

Question 6

Which loan has a lower down payment requirement?

Accepted Answer

DSCR loans typically require 20–25% down. Hard money lenders vary, but often require 25–35% depending on the deal and property condition.

DSCR vs Hard Money Loans in Livermore, CA