Question 1

Can I use a DSCR loan to buy a fixer-upper?

Accepted Answer

Generally no. DSCR lenders want move-in-ready properties with proven or projected rent. Use hard money first, then refi into DSCR.

Question 2

How fast does hard money close?

Accepted Answer

Many hard money deals close in 7 to 14 days. It depends on the lender and how quickly you provide property details.

Question 3

Do DSCR loans require a minimum credit score?

Accepted Answer

Most DSCR lenders want at least a 620. Some go lower, but rates get worse fast below that threshold.

Question 4

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

Accepted Answer

Yes, and that's a common strategy. Once the property is stabilized and renting, DSCR is the natural next step.

Question 5

Which loan has a lower down payment requirement?

Accepted Answer

Both typically require 20–30% down. Hard money may require more depending on the lender and property condition.

Question 6

Are these loans available for multifamily in American Canyon?

Accepted Answer

DSCR works well for small multifamily. Hard money lenders also fund multifamily, especially value-add deals.

DSCR vs Hard Money Loans in American Canyon