Question 1

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

Accepted Answer

Unlikely. DSCR lenders require the property to be in rentable condition. Hard money is the right tool for distressed acquisitions.

Question 2

What credit score do I need for each loan?

Accepted Answer

DSCR loans typically require 620–680 minimum. Hard money lenders vary widely — some will go lower if the deal is strong enough.

Question 3

Which loan closes faster in Suisun City?

Accepted Answer

Hard money wins on speed. Some deals close in under a week. DSCR loans take closer to 3–4 weeks due to underwriting.

Question 4

Can I refinance from hard money into a DSCR loan?

Accepted Answer

Yes — that's a common investor strategy. Rehab with hard money, then refi into DSCR once the property is leased and stabilized.

Question 5

Which loan has lower monthly payments?

Accepted Answer

DSCR loans — they amortize over 30 years at lower rates. Hard money has higher rates and shorter terms, meaning bigger monthly costs.

Question 6

Do either of these loans require tax returns?

Accepted Answer

Neither one. Both are non-QM loans that skip personal income documentation. Rates vary by borrower profile and market conditions.

DSCR vs Hard Money Loans in Suisun City