Question 1

Can I use a DSCR loan to buy a fixer-upper?

Accepted Answer

DSCR lenders want the property in rentable condition. A fixer-upper usually needs hard money first, then a DSCR refi after repairs.

Question 2

How fast can hard money close in Rohnert Park?

Accepted Answer

Many hard money lenders close in 5-10 business days. That speed is the main reason investors use them on competitive deals.

Question 3

Do DSCR loans require a minimum down payment?

Accepted Answer

Most DSCR lenders require 20-25% down. Some go to 15% with stronger credit and higher DSCR ratios.

Question 4

What credit score do I need for each loan type?

Accepted Answer

DSCR typically requires 620-680 minimum. Hard money lenders vary widely — some approve below 600 if collateral is strong.

Question 5

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

Accepted Answer

Yes, and it's a common strategy. Once the property is renovated and rented, DSCR lenders will underwrite on the stabilized rental income.

Question 6

Which loan type has lower rates in Sonoma County?

Accepted Answer

DSCR rates run lower than hard money rates. Rates vary by borrower profile and market conditions, but hard money almost always costs more.

DSCR vs Hard Money Loans in Rohnert Park