Question 1

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

Accepted Answer

Yes. Many investors buy with hard money, stabilize the property, then refinance into a DSCR loan. It's a common strategy in markets like Tulare.

Question 2

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders want a 680 minimum. Some go lower, but pricing gets worse fast below that threshold.

Question 3

How fast can hard money close in Tulare?

Accepted Answer

Some hard money lenders close in 5–10 business days. Speed depends on title, appraisal, and how organized your paperwork is.

Question 4

Does DSCR work for vacant properties?

Accepted Answer

Usually not. Lenders want rental income to calculate the ratio. A vacant property has no income to measure.

Question 5

Which loan has lower fees overall?

Accepted Answer

DSCR loans carry lower rates and points. Hard money typically charges 2–4 points upfront plus higher interest. Rates vary by lender and borrower profile.

DSCR vs Hard Money Loans in Tulare, CA