Question 1

Can I use a DSCR loan for a fixer-upper?

Accepted Answer

Generally no. DSCR lenders want a property that's rent-ready today. Hard money is the better tool for rehab projects.

Question 2

How fast can hard money close in King City?

Accepted Answer

Some hard money lenders close in 5 to 10 business days. Speed depends on clear title and a solid appraisal.

Question 3

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders want at least a 620. Some go lower, but rates climb as the score drops.

Question 4

What happens when a hard money loan expires?

Accepted Answer

You sell, refinance into a DSCR or conventional loan, or negotiate an extension. Always enter with an exit plan.

Question 5

Can I do a cash-out refinance with a DSCR loan?

Accepted Answer

Yes. Many investors use hard money to acquire and renovate, then refinance into a DSCR loan to pull cash out.

Question 6

Which loan has lower rates in Monterey County?

Accepted Answer

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

DSCR Loans vs Hard Money Loans in King City, CA