Question 1

Can I use a DSCR loan on a short-term rental in Mount Shasta?

Accepted Answer

Yes. Many DSCR lenders accept Airbnb income projections. The property just needs to show a qualifying rent-to-mortgage ratio.

Question 2

How fast does hard money actually close?

Accepted Answer

Often 5 to 10 business days. That speed is the main reason investors use it despite the higher cost.

Question 3

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders want at least 620 to 640. Hard money lenders are more flexible — some have no minimum.

Question 4

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

Accepted Answer

Yes, and that's a common strategy. Renovate with hard money, stabilize the rental, then refinance into a long-term DSCR loan.

Question 5

Which loan has lower rates?

Accepted Answer

DSCR loans carry lower rates than hard money. Rates vary by borrower profile and market conditions.

Question 6

Do either of these loans require tax returns?

Accepted Answer

Neither one does. DSCR qualifies on property income. Hard money qualifies on asset value. Both skip personal income docs.

DSCR vs Hard Money Loans in Mount Shasta