Loading
Loading
in La Mirada, CA
La Mirada investors face a clear choice: finance based on rental income or close fast with equity. DSCR loans reward cash-flowing properties with lower rates and longer terms.
Hard money prioritizes speed and property potential over income verification. Your timeline and exit strategy determine which loan makes sense for your Los Angeles County investment.
DSCR loans approve you based on what the property earns, not your W-2 income. If the rent covers 1.0x to 1.25x the mortgage payment, you qualify—even with complex tax returns or multiple properties.
Terms run 30 years with rates typically 1-2% above conventional. You need 20-25% down and the property must already generate rental income or have a signed lease in place.
This works for La Mirada landlords building long-term portfolios. You're not flipping—you're holding rentals that pay for themselves through tenant income.
Hard money lenders fund deals in 7-14 days based on property value and equity position. They don't care about your debt-to-income ratio or rental history—just the property's current worth and after-repair value.
Expect 8-12% rates with 2-4 points upfront on 6-24 month terms. You're paying for speed and flexibility, not long-term affordability.
La Mirada fix-and-flip investors use hard money to grab properties other buyers can't finance quickly. You're betting on a fast renovation and sale, not monthly cash flow.
Local decision guide
Use this comparison to weigh DSCR Loans and Hard Money Loans through local payment fit, eligibility, documentation, and timing before choosing a path in La Mirada.
La Mirada investors face a clear choice: finance based on rental income or close fast with equity. DSCR loans reward cash-flowing properties with lower rates and longer terms.
Hard money prioritizes speed and property potential over income verification. Your timeline and exit strategy determine which loan makes sense for your Los Angeles County investment.
DSCR loans approve you based on what the property earns, not your W-2 income. If the rent covers 1.0x to 1.25x the mortgage payment, you qualify—even with complex tax returns or multiple properties.
Timeline separates these loans first. DSCR takes 21-30 days and rewards patience with lower costs. Hard money closes in under two weeks but charges 3-4x the interest rate.
Strategy matters more than speed. DSCR fits rental properties you'll hold for years. Hard money finances rehabs you'll sell within 12 months—the short term justifies the high cost.
Approval criteria flip completely. DSCR needs proven rental income and solid credit. Hard money approves deals with 30% equity and a credible exit plan, regardless of your income or FICO score.
Choose DSCR for stabilized La Mirada rentals generating cash flow. If you're buying a tenant-occupied duplex or single-family with a lease in place, DSCR gives you a real mortgage with manageable payments.
Pick hard money when you need to close before another buyer or fund a major renovation. Properties needing $50K+ in work won't qualify for DSCR until they're rent-ready—hard money bridges that gap.
Most serious investors use both. Hard money acquires and renovates the property. DSCR refinances it once tenants move in and cash flow stabilizes. That's how you turn short-term equity plays into long-term rental income.
Yes, most investors do exactly that. Once the property is renovated and leased, DSCR replaces expensive hard money with a sustainable long-term loan.
DSCR typically needs 620+ credit and clean payment history. Hard money approves deals at 580 FICO if you have enough equity and a clear exit strategy.
Yes. DSCR handles 2-4 units easily if rental income supports the payment. Hard money funds multi-family rehabs based on property value and equity position.
DSCR needs 20-25% down for investment properties. Hard money typically requires 25-35% equity, either as down payment or existing equity in the property.
No. DSCR requires existing rental income or a signed lease. Use hard money during renovation, then refinance to DSCR once the property is rent-ready.