Question 1

How fast can I close a hard money loan in Angels Camp?

Accepted Answer

Most hard money deals close in 7–14 days. Speed depends on how fast the lender can inspect and value the property.

Question 2

Do I need good credit to qualify?

Accepted Answer

Credit is a factor but rarely the deciding one. Lenders focus on the property's value and your down payment.

Question 3

What loan-to-value do hard money lenders allow?

Accepted Answer

Most lend up to 65–75% of the property's value. Rural markets like Calaveras County sometimes see tighter limits.

Question 4

Can I use hard money to buy and rehab a property?

Accepted Answer

Yes — that's the most common use case. Some lenders fund both purchase and renovation costs in one loan.

Question 5

What's the typical loan term for hard money?

Accepted Answer

Most hard money loans run 6–24 months. They're short-term by design — you refinance or sell before maturity.

Question 6

How is a hard money loan different from a conventional loan?

Accepted Answer

Conventional loans verify income and take 30–45 days. Hard money is asset-based and closes in days — but carries higher rates.

Hard Money Loans in Angels Camp, CA