Question 1

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

Accepted Answer

Yes — this is a common strategy. Investors acquire and renovate with hard money, then refinance into DSCR once the property is stabilized and rented.

Question 2

Which loan has lower rates in Soledad?

Accepted Answer

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

Question 3

Do either of these loans require tax returns?

Accepted Answer

No. Both DSCR and hard money loans skip personal income documentation. Approval is based on the property, not your personal financials.

Question 4

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders want at least a 620 credit score. Hard money lenders are more flexible — some will approve with lower scores.

Question 5

How fast can I close with hard money vs DSCR?

Accepted Answer

Hard money can close in days. DSCR loans typically take 2–4 weeks, similar to conventional financing.

Question 6

Which loan works better for Soledad rental properties?

Accepted Answer

If the property is rented and cash flows, DSCR wins on rate and term. Hard money makes sense only if you need speed or the property needs work first.

DSCR Loans vs Hard Money Loans in Soledad, CA