Question 1

Can I use hard money for a Woodside rental property?

Accepted Answer

Yes, but only short-term. Hard money works for acquisition, then refinance to DSCR once the property has paying tenants and you've completed any needed repairs.

Question 2

Which loan has lower rates?

Accepted Answer

DSCR loans cost significantly less, typically 1-2% above conventional rates. Hard money runs 9-12% because you're paying for speed and flexible underwriting.

Question 3

Do I need tax returns for either loan?

Accepted Answer

No. DSCR uses rental income only, and hard money focuses on property value. Neither requires W-2s or personal income documentation.

Question 4

How fast can I close with each option?

Accepted Answer

DSCR takes 30-45 days like most mortgages. Hard money closes in 7-14 days, sometimes faster if the deal is straightforward and you have experience.

Question 5

Can I get a DSCR loan on a property with no tenants?

Accepted Answer

Yes, if you have a signed lease agreement. Lenders use projected rent based on market comps if the property is vacant but ready to rent.

DSCR vs Hard Money Loans in Woodside: Which Investor Loan Fits Your Deal?