Question 1

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

Accepted Answer

No. The property must appraise in rentable condition. Use hard money first, then refinance into DSCR after renovation.

Question 2

What credit score do I need for each loan?

Accepted Answer

DSCR lenders typically require 620–680 minimum. Hard money lenders often go lower — some don't have a minimum at all.

Question 3

How fast does hard money actually close?

Accepted Answer

Experienced hard money lenders can close in 5–10 business days. Some go faster. DSCR typically takes 3–4 weeks.

Question 4

Can I get a DSCR loan in an LLC?

Accepted Answer

Yes. Most DSCR lenders accept LLC borrowers. Hard money lenders also routinely lend to LLCs.

Question 5

What happens when my hard money loan term ends?

Accepted Answer

You either sell the property, refinance into DSCR, or extend the hard money term — extensions usually cost a fee.

Question 6

Which loan has lower rates in Chino?

Accepted Answer

DSCR rates are lower. Hard money carries a premium for speed and flexibility. Rates vary by borrower profile and market conditions.

DSCR vs Hard Money Loans in Chino, CA