Question 1

How fast can I close a hard money loan in El Centro?

Accepted Answer

Most hard money loans close in 7-14 days. That speed depends on clean title and a ready appraisal or property valuation.

Question 2

Can I use hard money to buy a rental property here?

Accepted Answer

Yes, but hard money is short-term. Most investors refinance into a DSCR loan after stabilizing the property.

Question 3

What credit score do hard money lenders require?

Accepted Answer

Most want 600 or higher. Some go lower if the deal has strong equity and a clear exit plan.

Question 4

Are hard money loans available for small deals in El Centro?

Accepted Answer

Some lenders have minimums of $75K or higher. We know which lenders will do smaller deals in Imperial County.

Question 5

What's the typical interest rate on a hard money loan?

Accepted Answer

Rates generally run 9-13% depending on LTV, credit, and property type. Rates vary by borrower profile and market conditions.

Question 6

Do I need an appraisal to get a hard money loan?

Accepted Answer

Most lenders require a BPO or full appraisal. They need to verify the property value before they fund.

Hard Money Loans in El Centro, CA — Fast Capital for Real Estate Investors