Question 1

Can I use hard money and then refinance into a DSCR loan?

Accepted Answer

Yes — this is a common Fullerton investor playbook. Buy and rehab with hard money, then refi into DSCR once the property is rented and stabilized.

Question 2

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders want a 620 minimum. Some go lower, but expect the rate to reflect it.

Question 3

Do hard money lenders check my income?

Accepted Answer

Most don't. They're focused on the property's value and your equity position. Personal income rarely drives the decision.

Question 4

What DSCR ratio do lenders require?

Accepted Answer

A ratio of 1.0 means rent equals the mortgage payment. Most lenders want 1.1 or higher to approve at standard terms.

Question 5

How fast does hard money actually close?

Accepted Answer

Experienced hard money lenders can fund in 5 to 10 business days. Some go faster. Have your paperwork ready upfront.

Question 6

Which loan is better for a Fullerton duplex?

Accepted Answer

If it's rent-ready, DSCR wins — lower rate, 30-year term, and it qualifies on the income both units generate.

DSCR vs Hard Money Loans in Fullerton, CA