Question 1

Can I use a DSCR loan on a fixer-upper in Ukiah?

Accepted Answer

Generally no. DSCR lenders require the property to be rentable as-is. A distressed property usually needs hard money first, then a DSCR refinance after repairs.

Question 2

What credit score do I need for each loan?

Accepted Answer

DSCR lenders typically want 620 or higher. Hard money lenders are more flexible — some fund with scores below 600 if the deal is strong.

Question 3

How fast can hard money close compared to DSCR?

Accepted Answer

Hard money can close in days. DSCR typically takes 2–4 weeks. Speed matters on competitive Mendocino County deals.

Question 4

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

Accepted Answer

Yes — and many investors do exactly that. Fix the property with hard money, stabilize the rent, then refinance into a long-term DSCR loan.

Question 5

Which loan has lower rates as of April 2026?

Accepted Answer

DSCR loans run lower rates than hard money. Hard money's higher cost reflects its speed and flexibility. Rates vary by borrower profile and market conditions.

Question 6

Do either of these loans require personal income verification?

Accepted Answer

Neither does. DSCR qualifies on rental income. Hard money qualifies on property value. No tax returns or pay stubs required for either.

DSCR Loans vs Hard Money Loans in Ukiah, CA