Question 1

Can I use DSCR loans for fix-and-flip properties in Roseville?

Accepted Answer

No, DSCR loans require rental income to qualify. Use hard money for flips, then refinance to DSCR if you decide to keep it as a rental.

Question 2

Which loan closes faster for a competitive Roseville investment property?

Accepted Answer

Hard money closes in 5-10 days versus 3-4 weeks for DSCR. Speed costs you in higher rates and points, but wins deals against financed buyers.

Question 3

Do both loans require personal income verification?

Accepted Answer

DSCR loans don't require income verification. Hard money lenders focus on property value and exit strategy, not your W-2 or tax returns.

Question 4

What credit score do I need for each loan type?

Accepted Answer

DSCR typically requires 680+ credit. Hard money lenders are more flexible, often approving deals with scores in the 600s if equity is strong.

Question 5

Can I refinance from hard money to DSCR on the same property?

Accepted Answer

Yes, that's a common strategy. Complete renovations with hard money, stabilize rent, then refinance to DSCR for long-term lower rates.

DSCR vs Hard Money Loans: Which Financing Fits Your Roseville Investment Strategy?