Question 1

How fast can I close a hard money loan in Union City?

Accepted Answer

Many deals close in 7-14 days. It depends on the lender, property condition, and how quickly you supply documents.

Question 2

What credit score do I need for hard money?

Accepted Answer

There's no hard cutoff. Most lenders want at least a 550-580, but a strong deal can offset a weaker credit profile.

Question 3

How much can I borrow for a fix-and-flip in Alameda County?

Accepted Answer

Most hard money lenders fund up to 65-75% of ARV. The property and your exit plan determine the final amount.

Question 4

Can I use hard money to buy and hold a rental?

Accepted Answer

Yes — but plan your exit. Most hard money loans run 6-24 months, so you'll need a DSCR or conventional refi after.

Question 5

Do hard money lenders care about my income?

Accepted Answer

Not much. Approval is asset-based. The property's value and your exit strategy carry far more weight than income docs.

Hard Money Loans in Union City, CA