Question 1

Can I use hard money then refinance into a DSCR loan?

Accepted Answer

Yes, that's a common strategy. Renovate with hard money, stabilize rental income, then refinance into a DSCR loan for long-term lower rates.

Question 2

Which loan type closes faster in Kerman?

Accepted Answer

Hard money closes in 7-10 days. DSCR loans take 3-4 weeks because lenders verify rent comps and order full appraisals.

Question 3

Do either require tax returns or W-2s?

Accepted Answer

Neither requires personal income documentation. DSCR uses a rent schedule. Hard money focuses entirely on property value and your exit plan.

Question 4

What credit score do I need for each?

Accepted Answer

DSCR lenders want 620-660 minimum. Hard money lenders care less about credit, some approve scores below 600 if the deal makes sense.

Question 5

Can I get both loan types on the same property?

Accepted Answer

Not simultaneously. Use hard money first for acquisition and rehab, then pay it off by refinancing into a DSCR loan once renovations finish.

DSCR vs Hard Money Loans in Kerman: Which Fits Your Investment Strategy?