Question 1

Can I use a DSCR loan for a fix-and-flip?

Accepted Answer

No. DSCR loans require a stabilized rental income. They don't work for properties needing major rehab before they can be leased.

Question 2

How fast can hard money close in Santa Rosa?

Accepted Answer

Many hard money lenders close in 5–10 business days. Speed depends on the lender and how clean the deal is.

Question 3

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders want at least a 620. Higher scores get better rates. Rates vary by borrower profile and market conditions.

Question 4

Do hard money lenders check my income?

Accepted Answer

Generally no. Hard money lenders focus on the property's value and your exit plan. Your W-2 is rarely part of the conversation.

Question 5

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

Accepted Answer

Yes — this is a common strategy. Acquire with hard money, stabilize the property, then refinance into a long-term DSCR loan.

Question 6

Which loan works better for Sonoma County multi-family?

Accepted Answer

DSCR loans handle 2–4 unit properties well if rents cover debt service. Hard money works if the building needs rehab first.

DSCR Loans vs Hard Money Loans in Santa Rosa