Question 1

Can I use a DSCR loan to flip a property?

Accepted Answer

No. DSCR loans are structured for income-producing rentals. Use hard money for flips — it's built for short holds.

Question 2

Do hard money lenders check my credit?

Accepted Answer

Most focus on the asset, not the borrower. Some do a soft pull, but credit score rarely drives the decision.

Question 3

What DSCR ratio do lenders want to see?

Accepted Answer

Most lenders want 1.0 or higher. Some allow below 1.0 with stronger credit or a larger down payment.

Question 4

How fast does hard money close in San Juan Bautista?

Accepted Answer

Many hard money deals close in 5 to 10 business days. Timeline depends on the lender and property type.

Question 5

Can I refinance hard money into a DSCR loan?

Accepted Answer

Yes — this is a common exit strategy. Stabilize the property, then refinance into a DSCR loan for the long hold.

Question 6

Which loan requires less documentation?

Accepted Answer

Hard money requires the least. DSCR needs property financials and a credit check, but skips personal income docs.

DSCR vs Hard Money Loans in San Juan Bautista