Question 1

Can I use a DSCR loan on a student rental in Davis?

Accepted Answer

Yes. Lenders evaluate the rental income, not who's renting. Student-heavy markets with strong rents typically qualify well.

Question 2

How fast can hard money close in Davis?

Accepted Answer

Most hard money lenders fund in 5 to 10 business days. Some move faster on clean deals with clear title.

Question 3

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders want at least 620 to 640. Stronger credit gets you better pricing. Rates vary by borrower profile and market conditions.

Question 4

Can I refinance from hard money into a DSCR loan?

Accepted Answer

That's a common strategy. Acquire with hard money, stabilize the rent, then refinance into DSCR for a long-term hold.

Question 5

Do hard money loans require an appraisal?

Accepted Answer

Usually yes, but hard money lenders often accept drive-by or desktop appraisals. It's faster than a full conventional appraisal.

Question 6

Which loan works better for a Davis duplex?

Accepted Answer

DSCR handles small multifamily well. If the combined rent covers the payment, you're in good shape for approval.

DSCR vs Hard Money Loans in Davis, CA