Question 1

Can I get a DSCR loan on a property that needs work?

Accepted Answer

No, the property must be rent-ready and generating income. DSCR lenders underwrite based on current rental cash flow, not potential after repairs.

Question 2

How fast can hard money actually close in San Pablo?

Accepted Answer

We close hard money deals in 5-10 days once you have a purchase contract. Some aggressive lenders fund in 3-5 days for strong deals.

Question 3

What credit score do I need for each loan type?

Accepted Answer

DSCR typically requires 620+ credit. Hard money lenders care more about the deal itself and may approve scores in the 500s if equity is strong.

Question 4

Can I use hard money to buy and hold a rental long-term?

Accepted Answer

Technically yes, but the high monthly payments kill cash flow. Hard money is designed for short holds with a clear exit plan.

Question 5

Do both loan types work for multi-family properties in San Pablo?

Accepted Answer

Yes, both handle 2-4 unit properties. DSCR works better for occupied units. Hard money fits vacant buildings needing tenant placement after rehab.

DSCR vs Hard Money Loans in San Pablo: Which Investor Loan Fits Your Deal?