Question 1

Can I use DSCR on a property that isn't rented yet?

Accepted Answer

Some lenders use market rent appraisals to qualify. The property doesn't have to be occupied, but the projected rent must cover the payment.

Question 2

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders want 620 or higher. A stronger score gets you better pricing across our 200+ wholesale lenders.

Question 3

How fast can hard money close in El Cajon?

Accepted Answer

Some hard money lenders close in 5–7 business days. Speed depends on clear title and a clean appraisal or BPO.

Question 4

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

Accepted Answer

Yes — that's a common strategy. Fix and stabilize the property, then refi into a DSCR loan for a long-term hold.

Question 5

Do either of these loans require tax returns?

Accepted Answer

No. DSCR qualifies on rent, hard money on asset value. Neither loan requires personal income documentation. Rates vary by borrower profile and market conditions.

Question 6

Which loan has higher rates — DSCR or hard money?

Accepted Answer

Hard money rates are significantly higher. You pay a premium for the speed and flexibility it offers. Rates vary by borrower profile and market conditions.

DSCR vs Hard Money Loans in El Cajon