Question 1

Can I use hard money then refinance to DSCR?

Accepted Answer

Yes, that's the most common strategy. Fix the property, get it rented, then refinance to a DSCR loan for long-term cash flow.

Question 2

Which loan type closes faster in Gonzales?

Accepted Answer

Hard money closes in 7-14 days. DSCR takes 21-30 days because lenders need to verify rental income and appraisals.

Question 3

Do both loans require investment property experience?

Accepted Answer

DSCR lenders prefer but don't require it. Hard money lenders focus more on the deal and your exit plan than your resume.

Question 4

What credit score do I need for each loan type?

Accepted Answer

DSCR typically requires 620+. Hard money cares less about credit—some lenders approve with scores in the 500s if equity is strong.

Question 5

Can I use either loan for owner-occupied properties?

Accepted Answer

No. Both DSCR and hard money are for investment properties only. You cannot live in the property while using these loans.

DSCR Loans vs Hard Money Loans in Gonzales: Which Fits Your Investment Strategy?