Question 1

Can I use a hard money loan and then refinance into DSCR?

Accepted Answer

Yes — this is a common investor strategy. Rehab the property with hard money, stabilize the rent, then refinance into a DSCR loan for long-term hold.

Question 2

Do DSCR loans require a minimum credit score?

Accepted Answer

Most DSCR lenders want a 680 or higher. Some go lower with stronger property income or a larger down payment.

Question 3

How fast does hard money close in Redlands?

Accepted Answer

A well-prepared hard money deal can close in 5 to 10 business days. Your title and appraisal timeline are usually the bottleneck.

Question 4

What down payment do DSCR loans require?

Accepted Answer

Typically 20–25% down. Some lenders allow less with strong DSCR ratios. Rates vary by borrower profile and market conditions.

Question 5

Are hard money loans interest-only?

Accepted Answer

Usually yes. Most hard money loans are interest-only during the term. The full principal is due at maturity or when you refinance or sell.

Question 6

Which loan has fewer documentation requirements?

Accepted Answer

Hard money requires the least paperwork — mainly a property appraisal and basic borrower info. DSCR adds a rent schedule and lease review.

DSCR vs Hard Money Loans in Redlands, CA