Question 1

Can I refinance from hard money to a DSCR loan?

Accepted Answer

Yes, this is common practice. Investors use hard money to acquire and improve properties, then refinance to DSCR loans once renovations are complete and rental income is established.

Question 2

Which loan has lower rates in Brentwood?

Accepted Answer

DSCR loans offer significantly lower rates but require longer commitments. Hard money costs more but provides speed and flexibility for short-term projects. Rates vary by borrower profile and market conditions.

Question 3

Do both loans require rental income?

Accepted Answer

DSCR loans specifically require rental income for qualification. Hard money loans focus on property value and your equity, not rental performance or personal income.

Question 4

Which closes faster for Contra Costa properties?

Accepted Answer

Hard money loans typically close in 5-10 days. DSCR loans take 3-4 weeks. Choose based on whether you need speed or better long-term terms for your Brentwood investment.

Question 5

Can I use either for my first investment property?

Accepted Answer

DSCR loans accept newer investors if the property cash flows well. Hard money lenders may require previous project experience or charge higher rates for first-time flippers.

DSCR Loans vs Hard Money Loans in Brentwood: Which Investor Loan Fits Your Strategy?