Question 1

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

Accepted Answer

Yes — this is a common investor strategy. Once the property is stabilized and rented, DSCR refinancing replaces the hard money loan with long-term financing.

Question 2

Do DSCR loans require a minimum credit score?

Accepted Answer

Most DSCR lenders want a 620 or higher. Some programs go lower, but expect higher rates.

Question 3

How fast does hard money close compared to DSCR?

Accepted Answer

Hard money can close in days. DSCR loans typically take 2 to 4 weeks depending on the lender.

Question 4

What DSCR ratio do lenders typically require?

Accepted Answer

Most lenders want a 1.0 DSCR or higher — meaning rent covers the full mortgage payment. Some programs allow below 1.0 with higher down payments.

Question 5

Are both loan types available in Highland, CA?

Accepted Answer

Yes. As a broker with 200+ wholesale lenders, we place both DSCR and hard money deals in San Bernardino County regularly.

Question 6

Which loan has the lower down payment requirement?

Accepted Answer

DSCR loans often start at 20% down. Hard money lenders vary widely — some fund up to 90% of purchase price depending on the deal.

DSCR vs Hard Money Loans in Highland, CA