Question 1

Can I use a DSCR loan on a vacant property in Dixon?

Accepted Answer

Most DSCR lenders require the property to be rent-ready. A vacant fixer usually needs hard money first, then a refi into DSCR once it's stabilized.

Question 2

How fast can a hard money loan close?

Accepted Answer

Some hard money lenders close in 5–7 business days. Speed depends on title, appraisal, and how clean your deal is.

Question 3

Do DSCR loans require personal income documentation?

Accepted Answer

No. Approval is based on the property's rent vs. the mortgage payment. Your tax returns and pay stubs stay out of it.

Question 4

What credit score do I need for each loan?

Accepted Answer

DSCR lenders typically require 620+. Hard money lenders are more flexible — some will fund deals with scores below 600 if the property is strong.

Question 5

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

Accepted Answer

Yes, and this is a common investor playbook. Fix the property, get it rented, then refi into a DSCR loan for long-term financing.

Question 6

Which loan has lower rates in Dixon?

Accepted Answer

DSCR loans carry significantly lower rates than hard money. Rates vary by borrower profile and market conditions, but the gap is usually several points.

DSCR vs Hard Money Loans in Dixon, CA