Question 1

Can I use a DSCR loan on a vacant property?

Accepted Answer

Most DSCR lenders require a lease or market rent appraisal. Vacant properties without rent history are a tough sell for DSCR — hard money is better there.

Question 2

How fast does hard money actually close?

Accepted Answer

Experienced hard money lenders can close in 5-10 business days. Title and appraisal are the usual bottlenecks, not the lender.

Question 3

Do DSCR loans require personal income verification?

Accepted Answer

No. DSCR lenders underwrite the property's rental income. Your W-2s or tax returns typically don't factor into approval.

Question 4

What credit score do I need for hard money in Maricopa?

Accepted Answer

Many hard money lenders will go below 620. The deal's LTV and your exit strategy matter more than your credit score.

Question 5

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

Accepted Answer

Yes — and it's a common strategy. Once the property is stabilized and rented, a DSCR refi can replace your hard money payoff.

Question 6

Which loan has lower monthly payments?

Accepted Answer

DSCR loans win on monthly cost — longer amortization and lower rates. Hard money has higher rates and short terms, meaning higher payments.

DSCR Loans vs Hard Money Loans in Maricopa, CA