Question 1

Can I refinance hard money into a DSCR loan?

Accepted Answer

Yes, this is a common strategy. Acquire with hard money, stabilize the property, then refinance into a DSCR loan for long-term hold.

Question 2

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders want at least a 620. Some go lower, but rates get worse fast below that threshold.

Question 3

Do hard money lenders care about my credit?

Accepted Answer

Not much. They're focused on the asset's value and your exit plan. Some don't pull credit at all.

Question 4

Which loan has lower rates?

Accepted Answer

DSCR loans are lower. Hard money rates run significantly higher because of the short term and speed of funding. Rates vary by borrower profile and market conditions.

Question 5

What is DSCR and how is it calculated?

Accepted Answer

DSCR means Debt Service Coverage Ratio. Divide the property's monthly rent by the monthly mortgage payment — lenders want that number at 1.0 or above.

Question 6

Are these loans available for Wasco properties?

Accepted Answer

Yes. Both loan types are available in Kern County. Rural and agricultural-adjacent markets like Wasco can limit lender options, so working with a broker matters.

DSCR Loans vs Hard Money Loans in Wasco, CA