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Hard Money Loans in Sanger
Sanger's investor market runs on speed. Properties move fast here, and traditional financing kills most fix-and-flip deals before they close.
Hard money loans fund in 7-14 days based on property value, not your tax returns. That speed advantage wins deals in a competitive Fresno County market.
Most Sanger investors use hard money for distressed properties that won't qualify for conventional financing. Once renovated, they refinance into traditional loans or sell.
Hard money lenders care about one thing: exit strategy. They want to know how you'll pay them back—either through sale or refinance.
Most require 20-30% down on the purchase price. Credit matters less than your experience and the deal numbers.
Expect rates between 8-12% with 2-3 points upfront. Terms run 6-24 months, sometimes with interest-only payments.
Lenders evaluate after-repair value (ARV), not current condition. A $200K fixer worth $320K renovated gets approved easily.
We work with 30+ hard money lenders who fund in Fresno County. Each has different appetites for property types and borrower experience.
Some specialize in first-time flippers. Others only fund experienced investors doing $500K+ projects. Matching you to the right lender matters.
Local Sanger lenders know the market but often charge more. National lenders offer better rates but scrutinize deals harder.
Construction draws get complicated. Not every hard money lender handles renovation funding well—many hold back too much or delay draws.
First-time flippers in Sanger make one mistake: underestimating renovation costs. Lenders fund based on your budget—if you're wrong, you're stuck.
I always push clients toward lenders who allow budget overages or additional draws. Being 15% over budget on a flip is normal, not catastrophic.
Your exit strategy determines everything. Planning to sell in six months? Go interest-only with lower points. Holding longer? Structure matters differently.
Most successful Sanger investors I work with use hard money 2-3 times, then transition to DSCR loans once they've built a rental portfolio.
Bridge loans and hard money overlap, but bridge loans typically require better credit and fund owner-occupied transitions. Hard money is investor-focused.
DSCR loans cost less—6-8% vs 10%—but take 30 days and require the property to be rentable now. Hard money funds distressed properties DSCR lenders reject.
Construction loans from banks sound cheaper but require perfect credit, income docs, and 90 days to close. You'll lose the deal waiting.
Sanger's agricultural workforce creates steady rental demand. Fix-and-flips here often convert to long-term holds once investors see the rental numbers.
Properties near downtown Sanger and the school districts renovate fastest. Outlying areas with well water or septic can complicate hard money approvals.
Fresno County permit timelines run 4-8 weeks depending on scope. Factor that into your hard money term—permits eating two months kills six-month flip timelines.
Appraisers in this market are conservative on ARV. If your contractor says $340K after-repair, the appraiser might come in at $315K. Build margin into your numbers.
Most hard money loans close in 7-14 days once we have appraisal and title work. Cash-like speed wins competitive deals.
Expect 20-30% down on purchase price. Experienced investors with strong deals sometimes get 15% down from select lenders.
Yes, but fewer lenders approve first-time flippers. You'll need a detailed budget, experienced contractor, and strong exit strategy.
Most fund 100% of renovation through draws tied to completion milestones. Draw schedules vary—some hold back 10% until project completion.
Most lenders offer 6-12 month extensions for fees. Plan your initial term realistically—extensions add cost but beat forced sales.
Lenders know Fresno County well and fund readily here. Appraisers understand local comps, which helps ARV accuracy and approval speed.
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.