Question 1

Can I use a DSCR loan to buy a fixer-upper?

Accepted Answer

No. DSCR loans require the property to be rent-ready. Use hard money for the rehab, then refinance into DSCR.

Question 2

What credit score do I need for each loan?

Accepted Answer

DSCR lenders typically want 680+. Hard money lenders focus on the deal and LTV — credit is less of a barrier.

Question 3

Which loan closes faster in San Anselmo?

Accepted Answer

Hard money wins on speed — sometimes closing in days. DSCR loans usually take 2–4 weeks to close.

Question 4

Do both loans require a down payment?

Accepted Answer

Yes. DSCR loans typically require 20–25% down. Hard money lenders vary but often want 25–35% in equity or down payment.

Question 5

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

Accepted Answer

Yes — and that's a common strategy. Flip or rehab with hard money, then refinance into a 30-year DSCR once the property is leased.

Question 6

Which loan works better for Marin County's high prices?

Accepted Answer

Both can handle Marin's price points. DSCR lenders go up to $3M or more on non-QM programs. Hard money lenders are accustomed to high-value collateral.

DSCR vs Hard Money Loans in San Anselmo