Question 1

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

Accepted Answer

Generally no. DSCR lenders want the property rent-ready or already occupied. Use hard money first, then refinance into DSCR once it's stabilized.

Question 2

How fast can hard money close in Fontana?

Accepted Answer

Many hard money lenders close in 5–10 business days. That speed is the whole point — it lets investors move on deals before other buyers can.

Question 3

Do DSCR loans require a minimum credit score?

Accepted Answer

Most DSCR lenders want at least a 620 credit score. Some go lower, but rates get worse fast. Hard money lenders are more flexible on credit.

Question 4

What DSCR ratio do lenders typically require?

Accepted Answer

A ratio of 1.0 means rent covers the mortgage exactly. Most lenders want 1.0 to 1.25. Below 1.0 is possible with some programs but carries stricter terms.

Question 5

Can I refinance from hard money into a DSCR loan?

Accepted Answer

Yes — this is a common strategy. Investors use hard money to acquire and rehab, then refi into a DSCR loan once the property cash flows.

Question 6

Which loan has better rates in San Bernardino County?

Accepted Answer

DSCR rates run lower than hard money. Hard money compensates lenders for short-term risk and fast closes. Rates vary by borrower profile and market conditions.

DSCR vs Hard Money Loans in Fontana, CA