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Ione sits in Amador County's gold country, where older homes and rural parcels attract fix-and-flip investors. Properties here often need work — and that's exactly where hard money fits.
Traditional banks pass on distressed properties. Hard money lenders don't care about condition. They lend on the asset's value, not its current state.
7–14 Days
Typical Close Time
65–70%
Max LTV (ARV)
~600 (flexible)
Min Credit Score
6–24 Months
Loan Duration
Usually None
Income Verification
Hard Money Loans in Ione
Hard money is asset-based lending. Your credit score matters less than the property's value and your exit strategy.
Most lenders want 30-40% equity in the deal. Your plan — flip, rent, or refinance — needs to be clear from day one.
Local decision guide
Use this guide to connect hard money loans eligibility, lender expectations, and local market factors before comparing payment options in Ione.
Ione sits in Amador County's gold country, where older homes and rural parcels attract fix-and-flip investors. Properties here often need work — and that's exactly where hard money fits.
Traditional banks pass on distressed properties. Hard money lenders don't care about condition. They lend on the asset's value, not its current state.
Hard money is asset-based lending. Your credit score matters less than the property's value and your exit strategy.
Hard money lenders are not banks. They're private funds and individual investors who move on deals quickly.
We work with 200+ wholesale lenders, including hard money sources that cover rural California markets like Amador County. Not every broker has that reach.
The mistake I see constantly: investors get the property under contract, then start shopping lenders. You need pre-approval first.
In a rural market like Ione, appraisals take longer. Build that into your timeline or your hard money term will run short.
Bridge loans and hard money are cousins. Bridge loans typically have lower rates but stricter property and borrower requirements.
DSCR loans work better for stabilized rentals. Hard money is the right tool for acquisition and rehab — then you refinance into DSCR.
Amador County has a thin buyer pool. Resale timelines after a flip can run longer than coastal markets. Underwrite your exit conservatively.
Ione has historic properties that can trigger additional inspection requirements. Know what you're buying before you borrow against it.
Most hard money deals close in 7-14 days. Rural appraisal scheduling in Amador County can push that closer to 14.
Most lenders cap at 65-70% of after-repair value. The property's ARV drives the number more than purchase price.
Credit matters less here than the deal itself. Most lenders want 600+, but a strong property and exit plan carry more weight.
Yes. Many hard money loans include a rehab draw schedule. Funds release in stages as work is completed and inspected.
Extensions are available but come with fees. Build a conservative timeline — Ione's rural market doesn't move like Sacramento.
Raw land is tough with hard money lenders. Most want an improved property or active construction plan tied to the loan.