Question 1

Can I use DSCR to buy a fixer-upper?

Accepted Answer

Not usually. DSCR lenders want rent-ready properties. A hard money loan handles the rehab, then you refinance into DSCR.

Question 2

How fast does hard money close?

Accepted Answer

Often 5 to 10 business days. That speed is the whole point for competitive Del Mar deals.

Question 3

Do DSCR loans check my credit score?

Accepted Answer

Yes. Most lenders require a 620 minimum. Your income isn't the issue — your credit still matters.

Question 4

What's a good DSCR ratio for Del Mar rentals?

Accepted Answer

Target 1.25 or higher. Some lenders approve at 1.0, but stronger ratios get better rates. Rates vary by borrower profile and market conditions.

Question 5

Can I refinance hard money into a DSCR loan?

Accepted Answer

Yes, and that's a common strategy. Stabilize the property, establish rental income, then refinance into long-term DSCR financing.

Question 6

Which loan works better for a Del Mar vacation rental?

Accepted Answer

DSCR lenders vary on short-term rental income. Some accept Airbnb income; others don't. Ask us before assuming it qualifies.

DSCR vs Hard Money Loans in Del Mar