Question 1

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

Accepted Answer

Yes — this is a common strategy. Buy and renovate with hard money, then refinance into a DSCR once the property is rented and stabilized.

Question 2

Which loan is easier to qualify for?

Accepted Answer

Hard money has the lowest bar — it's mostly asset-based. DSCR requires a qualifying credit score and sufficient rental income to cover the payment.

Question 3

Do DSCR loans work on short-term rentals?

Accepted Answer

Some lenders accept short-term rental income. They typically use market rent or platform income data to calculate DSCR.

Question 4

How fast can hard money close in Ventura County?

Accepted Answer

Many hard money lenders close in 5 to 10 business days. Speed depends on the lender and how quickly title clears.

Question 5

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders require a 620 minimum. Higher scores get better pricing. Rates vary by borrower profile and market conditions.

Question 6

Are hard money loans interest-only?

Accepted Answer

Most are. You pay interest monthly and repay the principal at the end of the term. That keeps payments lower during the hold period.

DSCR vs Hard Money Loans in San Buenaventura