Question 1

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

Accepted Answer

Yes, that's a common strategy. Close fast with hard money, complete renovations, stabilize rent, then refi into a 30-year DSCR loan.

Question 2

Which loan has easier approval in Los Angeles?

Accepted Answer

Hard money approves easier—it's all asset-based. DSCR requires better credit and a property generating sufficient rental income.

Question 3

Do these loans work for owner-occupied properties?

Accepted Answer

No. Both are strictly for investment properties. You cannot live in a property financed with DSCR or hard money.

Question 4

What credit score do I need for each loan type?

Accepted Answer

DSCR typically requires 640 minimum. Hard money lenders care less about credit, some approve with scores in the 500s.

Question 5

Can I avoid a personal income check with both loans?

Accepted Answer

Yes. Neither loan type requires W-2s or tax returns for qualification purposes.

DSCR Loans vs Hard Money Loans for Los Angeles Investment Properties: Which Fits Your Deal?