Question 1

Can I use DSCR for a flip project?

Accepted Answer

No, DSCR loans require rental income and long-term holds. Lenders won't approve if you plan to sell within a year.

Question 2

Does hard money require proof of income?

Accepted Answer

No. Hard money lenders focus on property value and your equity stake. Your W-2 or tax returns don't matter.

Question 3

Which loan type closes faster in Sanger?

Accepted Answer

Hard money closes in 5-10 days. DSCR takes 3-4 weeks for appraisal and rent analysis.

Question 4

Can I refinance hard money into DSCR?

Accepted Answer

Yes, that's common. Use hard money to buy and renovate, then refinance into DSCR for long-term rental financing.

Question 5

What credit score do I need for each?

Accepted Answer

DSCR typically requires 680+. Hard money works with 600+ because lenders prioritize property equity over credit.

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