Question 1

Can I use a DSCR loan on a vacant property?

Accepted Answer

Most DSCR lenders want a lease in place or a market rent appraisal. Vacant properties with no rent history are harder to approve.

Question 2

How fast does hard money close compared to DSCR?

Accepted Answer

Hard money can close in 5 to 10 days. DSCR loans typically take 3 to 4 weeks.

Question 3

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

Accepted Answer

Yes, and many investors plan for this from day one. Once the property is stabilized and rented, DSCR financing replaces the hard money bridge.

Question 4

Which loan has better rates in Rio Vista?

Accepted Answer

DSCR rates are significantly lower than hard money rates. Rates vary by borrower profile and market conditions.

Question 5

Do either of these loans require tax returns?

Accepted Answer

Neither loan verifies personal income through tax returns. Both are asset-based by design.

Question 6

What credit score do I need for each loan?

Accepted Answer

DSCR lenders typically want 620 or higher. Hard money lenders are more flexible and often have no minimum score requirement.

DSCR vs Hard Money Loans in Rio Vista, CA