Question 1

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

Accepted Answer

Yes. Many investors use hard money to close fast, then refinance into a DSCR loan once the property is stabilized and leased.

Question 2

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders want a 620 minimum. Better scores get better rates — aim for 700+ if you can.

Question 3

Do hard money lenders check my credit?

Accepted Answer

Some do, some don't. Most focus on the property value and your exit strategy. Credit is rarely the deciding factor.

Question 4

Which loan closes faster in Livingston?

Accepted Answer

Hard money closes faster — sometimes in 7 to 14 days. DSCR loans typically close in 3 to 4 weeks.

Question 5

Can I use a DSCR loan on a vacant property?

Accepted Answer

Usually no. DSCR lenders want a leased or leasable property with a clear rent income to calculate the ratio.

Question 6

Are both loans considered non-QM?

Accepted Answer

Yes. Neither follows conventional qualifying rules. Both are non-QM products designed specifically for investors.

DSCR Loans vs Hard Money Loans in Livingston, CA