Question 1

Can I use DSCR to buy a fixer-upper?

Accepted Answer

No. DSCR lenders require a rent-ready property. Use hard money for the rehab, then refinance into DSCR.

Question 2

What credit score do I need for each loan?

Accepted Answer

DSCR loans typically require 620 or higher. Hard money lenders are more flexible — some approve with scores below 600.

Question 3

How fast does hard money close?

Accepted Answer

Hard money can close in 5-10 business days. DSCR loans typically take 2-4 weeks.

Question 4

Do either of these loans require tax returns?

Accepted Answer

Neither does. DSCR uses rental income. Hard money uses asset value. No personal income docs required for either.

Question 5

Can I refinance hard money into a DSCR loan?

Accepted Answer

Yes — this is a common investor strategy. Stabilize the property, establish rent, then refi into a long-term DSCR loan.

Question 6

Which loan has lower monthly payments?

Accepted Answer

DSCR loans win on payment. Longer terms and lower rates mean lower monthly costs than hard money's short-term structure.

DSCR vs Hard Money Loans in Chino Hills