Question 1

How fast can a hard money loan close in Imperial?

Accepted Answer

Many hard money lenders close in 5–10 business days. Speed depends on clear title and a complete file.

Question 2

What credit score do I need for hard money?

Accepted Answer

Many lenders approve at 600 or below. The property's value and your equity position matter far more.

Question 3

Can I use hard money to buy land in Imperial County?

Accepted Answer

Some lenders do raw land, but most prefer improved property. Expect stricter LTV requirements on land deals.

Question 4

What is ARV and why does it matter?

Accepted Answer

ARV means after-repair value — the estimated price after renovations. Lenders base loan amounts on ARV, not purchase price.

Question 5

How do hard money rates compare to conventional loans?

Accepted Answer

Hard money rates run significantly higher. Rates vary by borrower profile and market conditions — factor that into your deal math.

Question 6

Can I refinance out of a hard money loan into a DSCR loan?

Accepted Answer

Yes — this is the most common exit. The property needs to cash flow and meet DSCR lender requirements at that point.

Hard Money Loans in Imperial, CA — Fast Capital for Investors