Question 1

Can I use a DSCR loan on a property that needs repairs?

Accepted Answer

Usually not. DSCR lenders want a rent-ready property. Use hard money to rehab it first, then refinance into DSCR.

Question 2

How fast does hard money actually close?

Accepted Answer

Experienced hard money lenders can close in 5 to 10 days. That speed is exactly what you're paying a premium for.

Question 3

Do DSCR loans require a minimum credit score?

Accepted Answer

Most DSCR lenders want a 620 or higher. Some go lower, but rates climb fast below that threshold.

Question 4

Is hard money a long-term financing solution?

Accepted Answer

No. It's a bridge. Plan your exit — either sell or refinance — before you take the loan.

Question 5

Which loan works better in a small market like Etna?

Accepted Answer

Both can work. The deal type drives the decision. Rural markets can be harder to appraise, so lean on a broker who knows non-QM.

Question 6

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

Accepted Answer

Yes — and this is a common strategy. Acquire and rehab with hard money, then stabilize and refinance into a long-term DSCR loan.

DSCR vs Hard Money Loans in Etna, CA