Question 1

How fast can hard money loans close in Sanger?

Accepted Answer

Most hard money loans close in 7-14 days once we have appraisal and title work. Cash-like speed wins competitive deals.

Question 2

What down payment do I need for a Sanger fix-and-flip?

Accepted Answer

Expect 20-30% down on purchase price. Experienced investors with strong deals sometimes get 15% down from select lenders.

Question 3

Can I use hard money for my first investment property?

Accepted Answer

Yes, but fewer lenders approve first-time flippers. You'll need a detailed budget, experienced contractor, and strong exit strategy.

Question 4

Do hard money lenders fund renovation costs in Sanger?

Accepted Answer

Most fund 100% of renovation through draws tied to completion milestones. Draw schedules vary—some hold back 10% until project completion.

Question 5

What happens if my Sanger flip takes longer than expected?

Accepted Answer

Most lenders offer 6-12 month extensions for fees. Plan your initial term realistically—extensions add cost but beat forced sales.

Question 6

How does Sanger's market affect hard money approval?

Accepted Answer

Lenders know Fresno County well and fund readily here. Appraisers understand local comps, which helps ARV accuracy and approval speed.

Hard Money Loans in Sanger: Fast Capital for Fix-and-Flip and Investment Properties