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Hard Money Loans in Parlier
Parlier's agricultural economy creates fix-and-flip opportunities that traditional lenders won't touch. Hard money gives you 7-14 day closes on properties needing major rehab.
The city's aging housing stock attracts investors who need speed over conventional approvals. Most deals here are farmworker housing conversions or outdated single-families getting complete renovations.
Hard money lenders care about the property's after-repair value, not your W-2. You need a solid renovation plan and enough equity cushion to protect the lender.
Expect 60-75% loan-to-value on purchase price or current value. Your credit matters less than your exit strategy and construction timeline.
Not all hard money lenders operate in smaller Central Valley cities. We work with lenders who understand Parlier's market and won't balk at properties under $200K.
Rates run 9-14% with 2-4 points upfront. Terms are typically 6-12 months with extensions available if your project hits delays.
Most Parlier investors use hard money to grab foreclosures or distressed properties, then refinance into DSCR loans after renovation. That's the play that actually works in this market.
Don't stretch to 75% LTV if you're new to renovations. Construction always costs more than you budget, especially when you're dealing with properties built in the 1950s-60s.
Bridge loans offer similar speed but require better credit and provable income. Hard money is purely asset-based, which matters when you're self-employed or flipping multiple properties.
DSCR loans cost less but take 3-4 weeks to close. Use hard money for the purchase, then refinance into DSCR once the property is rent-ready and generating income.
Parlier's permit process moves slower than larger Fresno County cities. Factor 4-6 weeks for permits on major renovations, which eats into your loan term.
The rental market here is strong but price-sensitive. After-repair values top out around $250-300K, so your acquisition price needs to leave room for profit after renovation and financing costs.
Most deals close in 7-14 days once we have a purchase contract and property evaluation. Cash-equivalent speed without needing actual cash.
Expect $90-112K at 60-75% LTV depending on after-repair value. Lenders want to see strong equity cushion in case you can't complete the project.
No, but you need a detailed scope of work and contractor bids. First-time flippers should budget conservatively and keep reserves for overruns.
Yes, as long as zoning allows your intended use post-renovation. Some Parlier properties have agricultural restrictions that limit conventional financing but work fine for hard money.
Most lenders offer extensions for $200-500/month. Plan for this upfront because Parlier permit delays are common on older properties.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.