Question 1

Can I use DSCR loans for fix-and-flip properties in Clovis?

Accepted Answer

No. DSCR requires rental income, which vacant flip properties don't generate. Hard money is the standard loan for flips.

Question 2

Which loan closes faster for Fresno County investment properties?

Accepted Answer

Hard money closes in 1-2 weeks. DSCR takes 3-4 weeks minimum because lenders verify rent and review full appraisals.

Question 3

Do I need an LLC to get DSCR or hard money loans?

Accepted Answer

No. Both allow individual or LLC borrowers. Some lenders prefer LLCs for asset protection but don't require them.

Question 4

Can I refinance hard money into a DSCR loan after renovations?

Accepted Answer

Yes. This is common. Complete the rehab, lease the property, then refinance into a 30-year DSCR loan.

Question 5

What credit score do I need for each loan type in Clovis?

Accepted Answer

DSCR requires 620-660 minimum. Hard money lenders accept 580-600 or lower if equity and exit strategy are strong.

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