Question 1

Can I use a DSCR loan on a vacant property?

Accepted Answer

Most DSCR lenders want a lease or strong rent comps in place. A vacant property with no income history is a hard approval.

Question 2

How fast does hard money close?

Accepted Answer

Some hard money lenders close in 5–10 days. Speed depends on the lender, title, and how clean your deal is.

Question 3

What credit score do I need for DSCR?

Accepted Answer

Most DSCR lenders require a 620–640 minimum. Higher scores get better rates. Rates vary by borrower profile and market conditions.

Question 4

Can I refinance hard money into a DSCR loan?

Accepted Answer

Yes. This is a common strategy. Once the property is stabilized and rented, a DSCR refi replaces the hard money.

Question 5

Do DSCR loans work for short-term rentals in Scotts Valley?

Accepted Answer

Some lenders allow STR income for DSCR qualification. Not all do — ask which lenders on our panel accept Airbnb-style income.

Question 6

Are hard money loans interest-only?

Accepted Answer

Most are. You pay interest during the term, then repay principal when you sell or refinance.

DSCR Loans vs Hard Money Loans in Scotts Valley