Question 1

Can I use a DSCR loan on a fixer-upper?

Accepted Answer

Generally no. DSCR lenders want a rentable property at closing. A distressed home needs hard money first.

Question 2

How fast does hard money close?

Accepted Answer

Many hard money deals close in 5–10 business days. Speed depends on the lender and title turnaround.

Question 3

Do DSCR loans check my personal income?

Accepted Answer

No. Approval is based on the rental property's income. Your tax returns stay out of it.

Question 4

Can I refinance hard money into a DSCR loan?

Accepted Answer

Yes — that's a common strategy. Stabilize the property, get it rented, then refi into a 30-year DSCR product.

Question 5

Which loan has lower rates in Humboldt County?

Accepted Answer

DSCR loans carry lower rates than hard money. Rates vary by borrower profile and market conditions.

Question 6

What credit score do I need for each?

Accepted Answer

DSCR typically requires 620–660 minimum. Hard money lenders often have no stated minimum — the asset drives approval.

DSCR vs Hard Money Loans in Rio Dell, CA