Question 1

Can I use a DSCR loan on a vacant property?

Accepted Answer

Most lenders want a lease or market rent appraisal. A vacant property with no income history makes DSCR approval very difficult.

Question 2

How fast does hard money close in El Centro?

Accepted Answer

Experienced hard money lenders can close in 3-7 days. That speed is the main reason investors pay the higher rate.

Question 3

Do DSCR loans require a minimum credit score?

Accepted Answer

Yes. Most lenders set the floor at 620 to 680. Hard money lenders care less about credit and more about the asset.

Question 4

Can I refinance hard money into a DSCR loan?

Accepted Answer

Yes — that's a common strategy. Stabilize the property with hard money, then refi into a long-term DSCR once it's rented.

Question 5

Which loan has lower rates in El Centro?

Accepted Answer

DSCR rates run lower than hard money. Rates vary by borrower profile and market conditions, so get quotes on both before deciding.

Question 6

Are both loans available for multi-family properties?

Accepted Answer

Yes. Both DSCR and hard money lenders in our network finance 1-4 unit and small multi-family deals in Imperial County.

DSCR vs Hard Money Loans in El Centro, CA