Question 1

Can I use a DSCR loan on a vacant property?

Accepted Answer

No. DSCR loans need documented rental income or a signed lease. Use hard money to acquire and rehab, then refi into DSCR.

Question 2

How fast can hard money close in Barstow?

Accepted Answer

Experienced hard money lenders can close in 5 to 10 business days. Speed depends on title and your paperwork being ready.

Question 3

Do DSCR loans check my personal credit?

Accepted Answer

Yes — most lenders require a minimum 620 to 680 credit score. But they don't verify your personal income or employment.

Question 4

What loan-to-value does hard money allow?

Accepted Answer

Most hard money lenders cap at 65–70% of ARV (after-repair value). You need skin in the game to get funded.

Question 5

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

Accepted Answer

Yes — and this is a common investor strategy. Stabilize the property, get a tenant in place, then refi into long-term DSCR financing.

Question 6

Which loan has lower rates in Barstow?

Accepted Answer

DSCR loans carry lower rates than hard money. Rates vary by borrower profile and market conditions for both loan types.

DSCR vs Hard Money Loans in Barstow, CA