Question 1

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

Accepted Answer

Yes. Many investors use hard money to acquire and renovate, then refinance into a DSCR loan once the property is stabilized and rented.

Question 2

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders want a 620 minimum. Some go lower with stronger cash flow numbers on the property.

Question 3

How fast does hard money close?

Accepted Answer

Hard money can close in as few as 3 to 7 days. That speed is the main reason investors use it over traditional financing.

Question 4

Does DSCR work on properties that need repairs?

Accepted Answer

No. DSCR lenders need the property to be rentable and generating income. Distressed properties won't qualify.

Question 5

Which loan has lower rates in Brawley?

Accepted Answer

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

Question 6

Can I use hard money for a rental buy-and-hold?

Accepted Answer

Technically yes, but it's expensive for long holds. Hard money is a short bridge — plan to refinance into DSCR quickly.

DSCR vs Hard Money Loans in Brawley, CA