Question 1

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

Accepted Answer

Yes. Many investors use hard money to close fast and renovate, then refinance into DSCR once the property has a rent roll and stable value.

Question 2

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders want at least a 620 credit score. Some go lower, but your rate improves significantly above 700.

Question 3

How fast can hard money close in Ross?

Accepted Answer

Experienced hard money lenders can close in 5 to 10 business days. That speed is the whole point in competitive Marin County deals.

Question 4

Do hard money loans require an appraisal?

Accepted Answer

Most do, but they often use a drive-by or desktop appraisal. The focus is on after-repair value, not current condition.

Question 5

Which loan has lower rates?

Accepted Answer

DSCR loans carry lower rates than hard money. Rates vary by borrower profile and market conditions, but the gap is typically several percentage points.

Question 6

Can I use a DSCR loan on a vacant property?

Accepted Answer

It depends on the lender. Some allow projected rent to qualify. Others require a signed lease before funding.

DSCR vs Hard Money Loans in Ross, CA