Question 1

How fast can a hard money loan close in Fremont?

Accepted Answer

Many hard money lenders close in 7-14 days. The property's title and appraisal are the main timeline drivers.

Question 2

Do I need good credit for a hard money loan?

Accepted Answer

Credit matters less than the deal. Lenders focus on the property value and your down payment or equity position.

Question 3

What's a typical hard money loan term?

Accepted Answer

Most terms run 6-24 months. These are short-term bridge tools — not long-term financing. Rates vary by borrower profile and market conditions.

Question 4

Can I use hard money for a Fremont fix-and-flip?

Accepted Answer

Yes. Fix-and-flip is the most common use case. Lenders want to see your rehab budget and after-repair value.

Question 5

What happens if my Fremont rehab takes longer than expected?

Accepted Answer

Most lenders offer extensions for a fee. Plan for delays — Alameda County permits can add weeks to a timeline.

Question 6

How is hard money different from a DSCR loan?

Accepted Answer

Hard money is for acquisition and renovation. DSCR loans work for stabilized rentals with documented rent income.

Hard Money Loans in Fremont, CA