Question 1

Can I use a DSCR loan on a fixer-upper?

Accepted Answer

Generally no. DSCR lenders want a property that can generate rent now. Hard money handles distressed acquisitions better.

Question 2

How fast does hard money close?

Accepted Answer

Many hard money loans close in 5–10 business days. That speed is the main reason investors pay the higher rate.

Question 3

Do either of these loans require tax returns?

Accepted Answer

Neither does. DSCR qualifies on rental income. Hard money qualifies on the asset. Personal income docs are not required.

Question 4

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders want at least a 620. Some go lower, but rates get painful below 680.

Question 5

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

Accepted Answer

Yes, and it's a common strategy. Once the property is stabilized and renting, a DSCR refi can replace the hard money.

Question 6

Which loan has lower rates in Moreno Valley?

Accepted Answer

DSCR rates run lower than hard money. Rates vary by borrower profile and market conditions — contact us for current pricing.

DSCR vs Hard Money Loans in Moreno Valley