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in Fullerton, CA
Fullerton investors choose between DSCR and hard money loans based on how they qualify. DSCR uses rental income; hard money uses property value and your exit strategy.
Orange County's median household income is $113,702. The 2026 conforming limit is $1,249,125. Both programs serve investors outside traditional bank lending.
DSCR loans qualify you on the property's rental cash flow. The lender underwrites based on what tenants pay, not your W-2 income.
DSCR typically requires 20-30% down and a 620+ FICO. Rates run 1-2% above conventional. Closing takes 30-45 days.
Hard money lenders focus on property value and your exit plan. They care less about credit and income, more about the deal itself.
Hard money requires 25-35% down and accepts FICO 580+. Rates run 3-5% above conventional. Closing happens in 7-14 days.
DSCR qualifies on rental income; hard money qualifies on property value. For stabilized rentals, DSCR is cheaper. For flips, hard money wins.
DSCR asks 20-30% down; hard money asks 25-35%. DSCR rates run 1-2% above conventional; hard money runs 3-5% above. DSCR closes in 30-45 days; hard money in 7-14 days.
Pick DSCR if you're buying a rental in Fullerton. Strong cash flow keeps your rate lower and down payment smaller.
Choose hard money if you're flipping or need capital fast. Hard money lenders focus on the property value and your exit timeline.
Yes — DSCR qualifies on the property's rental income. You'll show the lease and proof of tenant income or market rent.
DSCR closes in 30-45 days. Hard money closes in 7-14 days. Hard money skips income verification, so it moves faster.
Yes, but it costs more. Hard money rates run 3-5% above conventional. DSCR is cheaper for rentals because it qualifies on cash flow.
Hard money accepts FICO 580+. DSCR typically requires 620+. Both are far below conventional lending's 740+ standard.
DSCR costs less. Rates run 1-2% above conventional versus 3-5% for hard money. DSCR also requires less down: 20-30% versus 25-35%.