Question 1

Can I use short-term rental income to qualify for a DSCR loan?

Accepted Answer

Yes. Most DSCR lenders accept STR income, often using AirDNA or lease agreements. Mammoth's rental demand makes this a real advantage.

Question 2

How fast can a hard money loan close in Mammoth Lakes?

Accepted Answer

Experienced hard money lenders can close in 5–10 business days. Speed depends on the lender and how clean the deal is.

Question 3

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders require a 620–680 minimum. Higher scores get better rates. Rates vary by borrower profile and market conditions.

Question 4

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

Accepted Answer

Yes — that's a common strategy. You acquire with hard money, stabilize the property, then refinance into a 30-year DSCR loan.

Question 5

Which loan has lower rates — DSCR or hard money?

Accepted Answer

DSCR rates are meaningfully lower. Hard money rates are higher because the loan is short-term and higher risk for the lender.

Question 6

Do hard money lenders care about my debt-to-income ratio?

Accepted Answer

Generally no. Hard money is asset-based. The property's value and your equity position matter far more than your personal finances.

DSCR vs Hard Money Loans in Mammoth Lakes