Question 1

Can I use a DSCR loan for a fix-and-flip?

Accepted Answer

No. DSCR loans require stable rental income. Fix-and-flip projects need hard money or a short-term bridge loan.

Question 2

Do hard money lenders check credit?

Accepted Answer

Some do a basic check, but it rarely drives the decision. Loan-to-value on the property is what matters most.

Question 3

What DSCR ratio do lenders want?

Accepted Answer

Most want 1.1 or higher. That means rent exceeds the mortgage payment. Some lenders allow 1.0 with a higher down payment.

Question 4

Can I refinance hard money into a DSCR loan?

Accepted Answer

Yes — this is a common exit strategy. Once the property is stabilized with rental income, a DSCR refi replaces the hard money.

Question 5

Which loan is faster to close in Larkspur?

Accepted Answer

Hard money wins on speed — often 5 to 10 days. DSCR loans typically take 3 to 4 weeks, similar to conventional loans.

Question 6

Do both loans require personal income documentation?

Accepted Answer

Neither does. DSCR uses rental income. Hard money uses property value. Your tax returns stay in the drawer.

DSCR vs Hard Money Loans in Larkspur, CA