Question 1

Can I use a DSCR loan for a property that needs repairs?

Accepted Answer

Not until repairs finish and you have a tenant in place. DSCR lenders need current rental income to calculate your ratio.

Question 2

What credit score do hard money lenders require?

Accepted Answer

Most want 600 minimum, but some lend at 550 if your down payment is large enough. They focus on property value over credit.

Question 3

How long does it take to refinance from hard money to DSCR?

Accepted Answer

Plan for 6-12 months of rental history before DSCR lenders will approve. You need proven cash flow, not projected rent.

Question 4

Do DSCR loans require reserves?

Accepted Answer

Yes, typically 6-12 months of mortgage payments in liquid assets. Hard money rarely asks for reserves since the term is so short.

Question 5

Can I get a DSCR loan with multiple rental properties?

Accepted Answer

Absolutely. Portfolio investors often prefer DSCR since each property qualifies on its own income. Some lenders count all your rental cash flow.

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