Question 1

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

Accepted Answer

Yes. Many investors do exactly that. Hard money funds the purchase or rehab, then DSCR provides the long-term permanent financing.

Question 2

What credit score do I need for a DSCR loan in Ione?

Accepted Answer

Most DSCR lenders want at least 620. Some go lower with stronger deals or larger down payments.

Question 3

How fast can hard money close?

Accepted Answer

Some hard money lenders close in 5 to 10 business days. Speed depends on the lender and how clean your deal is.

Question 4

Do DSCR loans require a property appraisal?

Accepted Answer

Yes. Lenders need to confirm the property's value and verify market rents support the DSCR ratio.

Question 5

Which loan has lower rates in Amador County?

Accepted Answer

DSCR rates run lower than hard money. Hard money carries a premium for speed and flexibility. Rates vary by borrower profile and market conditions.

Question 6

Can I use either loan for a short-term rental in Ione?

Accepted Answer

DSCR lenders vary on short-term rental income. Some accept Airbnb income, others don't. Ask your broker before assuming approval.

DSCR vs Hard Money Loans in Ione, CA