Question 1

Can I use a DSCR loan on a vacant property?

Accepted Answer

Most lenders won't approve DSCR on a vacant property. The property needs rental income — or at least a signed lease — to qualify.

Question 2

How fast does hard money actually close?

Accepted Answer

Many hard money lenders close in 5 to 10 business days. Speed depends on the lender and how clean your deal is.

Question 3

Do either of these loans check my credit score?

Accepted Answer

Hard money lenders care most about the asset. DSCR lenders still run credit — most want at least a 620 to 680 score.

Question 4

Which loan has lower interest rates?

Accepted Answer

DSCR loans carry lower rates than hard money. Rates vary by borrower profile and market conditions.

Question 5

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

Accepted Answer

Yes. Many investors use hard money to acquire or renovate, then refinance into a DSCR loan once the property is stabilized.

Question 6

Are these loans available in rural Modoc County?

Accepted Answer

Yes, but lender options narrow in rural markets. Working with a broker who has access to many wholesale lenders matters here.

DSCR vs Hard Money Loans in Alturas, CA