Question 1

Can I use DSCR on a property with no tenants?

Accepted Answer

Most lenders won't approve DSCR without a rent history or signed lease. Hard money is the right tool until the property is stabilized.

Question 2

How fast does hard money close?

Accepted Answer

Many hard money deals close in 5 to 10 business days. That speed is the whole point for competitive or distressed acquisitions.

Question 3

What credit score do I need for DSCR?

Accepted Answer

Most DSCR lenders require a 620 minimum. Some go lower with a stronger debt service ratio or larger down payment.

Question 4

Can I refinance hard money into a DSCR loan?

Accepted Answer

Yes — this is a common investor strategy. Acquire and rehab with hard money, then refi into DSCR once you have rent income.

Question 5

Which loan works better for Amador County properties?

Accepted Answer

It depends on the deal. Rentals with stable income fit DSCR. Value-add plays with deferred maintenance fit hard money.

Question 6

Do hard money lenders verify my income?

Accepted Answer

Generally, no. They underwrite the asset, not you. Expect to show your exit strategy and experience level instead.

DSCR Loans vs Hard Money Loans in Jackson, CA