Question 1

Can I use a DSCR loan on a short-term rental in Markleeville?

Accepted Answer

Yes. Many DSCR lenders accept short-term rental income. You'll need documented rental history or a market rent analysis.

Question 2

How fast does a hard money loan close?

Accepted Answer

Often 5 to 15 business days. Speed depends on the lender and how clean your title and paperwork are.

Question 3

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders want a 620 minimum. Better scores get better rates. Rates vary by borrower profile and market conditions.

Question 4

Do hard money lenders care about my income?

Accepted Answer

Not really. They underwrite the asset. Your equity position and the property's value drive the decision.

Question 5

Can I refinance a hard money loan into a DSCR loan?

Accepted Answer

Yes — that's a common strategy. Acquire with hard money, stabilize the property, then refinance into a DSCR for long-term hold.

Question 6

Which loan has lower monthly payments?

Accepted Answer

DSCR loans — by far. Longer terms and lower rates mean lower payments. Hard money is expensive and short-term by design.

DSCR vs Hard Money Loans in Markleeville, CA