Question 1

Can I use DSCR to refinance a hard money loan?

Accepted Answer

Yes, once renovations finish and the property generates rent. Most investors use this sequence to convert short-term debt into permanent financing.

Question 2

Which loan type closes faster in Campbell?

Accepted Answer

Hard money closes in 5-10 days. DSCR takes 2-3 weeks. Choose based on whether you're competing with cash offers or have time to wait.

Question 3

Do both loans work for vacant properties?

Accepted Answer

DSCR qualifies on market rent even if vacant. Hard money doesn't require rental income at all since it underwrites the asset and exit plan.

Question 4

What credit score do I need for each?

Accepted Answer

DSCR typically requires 640+. Hard money lenders focus on equity and experience, often working with scores as low as 580.

Question 5

Can I avoid personal income verification with both?

Accepted Answer

Yes. DSCR qualifies on property income. Hard money qualifies on asset value. Neither requires W-2s or tax returns.

DSCR vs Hard Money Loans in Campbell: Which Investor Loan Fits Your Strategy?