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Hard Money Loans in San Joaquin
San Joaquin sits in rural Fresno County, where investors target agricultural conversions and fix-and-flip opportunities. Hard money financing works well here because traditional lenders often balk at non-standard properties or quick turnarounds.
Most deals in this area involve property rehab or land repositioning where speed matters more than rate. Banks take 45-60 days; hard money closes in 7-14 days when you need to lock down a distressed property.
Hard money lenders care about one thing: the asset. They'll lend 65-75% of the after-repair value, regardless of your credit score or tax returns.
You need skin in the game—expect to bring 25-35% down. Lenders want to see a clear exit strategy: refinance to conventional, sell the property, or pay off from another source within 12-24 months.
We work with 15+ hard money lenders who fund in Fresno County. Rates run 9-14% with 2-4 points upfront, varying by deal complexity and borrower experience.
Local private lenders sometimes beat institutional rates but move slower. National hard money shops close faster but charge more. Your timeline determines which route makes sense.
I've closed dozens of hard money deals in rural Fresno County. The biggest mistake? Underestimating rehab costs on older properties with deferred maintenance.
Get three contractor bids before you lock the loan. Lenders will hold back renovation funds in escrow and release on milestones. Budget 20% more than your highest bid because something always breaks.
DSCR loans cost less (7-9%) but take 30 days and require the property to cash flow. Bridge loans work for transitional needs but won't fund heavy renovation.
Hard money costs more but says yes when others say no. You're paying for speed and flexibility, not a cheap rate. If the deal pencils at 12%, the extra points don't matter.
San Joaquin properties often sit on larger parcels with agricultural zoning. Hard money lenders will finance the structure but may exclude land value from the loan calculation.
Title and appraisal take longer in rural areas—add 5-7 days to your timeline. Make sure your lender knows they're funding outside city limits before you go under contract.
Most hard money lenders don't have minimum credit requirements. They focus on the property's value and your exit strategy, not your FICO score.
Typical closing is 7-14 days with all documentation ready. Rural appraisals may add a few days compared to urban properties.
Yes, but lenders typically finance only the structures, not raw land value. Discuss your specific property with your broker before making an offer.
Most hard money loans run 12-24 months. You'll need a clear exit plan: refinance to permanent financing or sell the renovated property.
Expect 9-14% interest with 2-4 points upfront. You're paying for speed and flexible approval, not the cheapest rate available.
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.