Question 1

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

Accepted Answer

Yes — this is a common investor strategy. Use hard money to acquire or renovate, then refinance into DSCR once the property is stabilized and leased.

Question 2

What credit score do I need for a DSCR loan in Belvedere?

Accepted Answer

Most DSCR lenders want at least a 680. Hard money lenders are more flexible — some will fund with scores below that if the deal is strong.

Question 3

How fast does hard money actually close?

Accepted Answer

Experienced lenders can fund in 5–10 business days. Some close faster. DSCR loans typically take 3–4 weeks minimum.

Question 4

Are both loans available for Marin County properties?

Accepted Answer

Yes. We work with wholesale lenders that fund DSCR and hard money in Marin County. High-value markets like Belvedere qualify for both. Rates vary by borrower profile and market conditions.

Question 5

Which loan has lower monthly payments?

Accepted Answer

DSCR loans almost always have lower payments. Hard money carries higher rates and short terms, so monthly costs run higher despite the shorter payoff window.

Question 6

Do I need an appraisal for either loan?

Accepted Answer

Hard money lenders often use drive-by or desktop valuations for speed. DSCR lenders typically require a full appraisal with a rent schedule included.

DSCR vs Hard Money Loans in Belvedere, CA