Question 1

Can I use a DSCR loan on a property that needs major repairs?

Accepted Answer

No. DSCR lenders require the property to be habitable and rent-ready. Distressed properties need hard money first.

Question 2

How fast can hard money close in Riverside?

Accepted Answer

Some hard money lenders close in 5–10 days. That speed is why investors use it for competitive or off-market deals.

Question 3

Do DSCR loans require a minimum credit score?

Accepted Answer

Most DSCR lenders want a 620 or higher. Hard money lenders are more flexible — some have no minimum.

Question 4

What down payment do these loans require?

Accepted Answer

DSCR loans typically require 20–25% down. Hard money lenders often lend up to 65–75% of the property's value.

Question 5

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

Accepted Answer

Yes. Many Riverside investors use hard money to close fast, then refinance into DSCR once the property is stabilized.

Question 6

Which loan is better for a Riverside buy-and-hold investor?

Accepted Answer

DSCR, without question. Lower rates and longer terms make it the right fit for rental properties held long-term.

DSCR vs Hard Money Loans in Riverside, CA