Question 1

Can I use DSCR on a property that's currently vacant?

Accepted Answer

Some lenders allow it using a market rent appraisal. You'll need to show the area supports that rent level.

Question 2

How fast can hard money close in Lassen County?

Accepted Answer

Many hard money lenders close in 7-14 days. Appraisal and title are the main variables in rural markets.

Question 3

Can I refinance hard money into a DSCR loan?

Accepted Answer

Yes, and it's a common exit strategy. Once the property is stabilized and rented, a DSCR refi pays off the hard money.

Question 4

What credit score do I need for each loan?

Accepted Answer

DSCR lenders typically want 620 or higher. Hard money lenders vary — some go lower since the asset carries more weight.

Question 5

Which loan has a lower down payment requirement?

Accepted Answer

Hard money can sometimes go higher LTV on the asset side, but terms vary widely. DSCR typically requires 20-25% down.

Question 6

Do either of these loans work for short-term rentals?

Accepted Answer

Some DSCR lenders accept Airbnb income. Hard money doesn't care about rental type — it's focused on the asset value.

DSCR vs Hard Money Loans in Susanville, CA