Question 1

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

Accepted Answer

Yes. Many DSCR lenders accept short-term rental income. Some use market rent estimates; others want Airbnb history.

Question 2

How fast can hard money close?

Accepted Answer

Experienced hard money lenders often close in 5–10 business days. Have your property details and exit strategy ready upfront.

Question 3

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders require at least 620–640. Higher scores get better rates. Rates vary by borrower profile and market conditions.

Question 4

Can I refinance hard money into a DSCR loan?

Accepted Answer

Yes — this is a common investor strategy. Once the property is stabilized and rented, a DSCR refinance replaces the hard money.

Question 5

Do hard money loans require an appraisal?

Accepted Answer

Most do, but some use a broker price opinion instead. Either way, the property value drives the loan amount — not your income.

Question 6

Which loan has lower rates?

Accepted Answer

DSCR loans almost always carry lower rates than hard money. Hard money charges a premium for speed and flexibility.

DSCR Loans vs Hard Money Loans in Angels Camp