Question 1

How fast can a hard money loan close in Westmorland?

Accepted Answer

Many hard money loans close in 7 to 14 days. Rural properties may take slightly longer if an appraisal or inspection is required.

Question 2

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

Accepted Answer

Yes, but lender appetite varies. You need a lender experienced with ag-adjacent collateral and rural Imperial County valuations.

Question 3

What credit score do hard money lenders require?

Accepted Answer

There's no universal minimum. Most private lenders focus on the property and your exit plan over your credit profile.

Question 4

What's a realistic interest rate for hard money in California?

Accepted Answer

Rates vary by borrower profile and market conditions. Hard money consistently runs higher than conventional — price that into your deal.

Question 5

Do hard money lenders care about my income?

Accepted Answer

Most don't underwrite to income. They lend against the asset. Proof you can carry payments short-term still helps your case.

Question 6

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

Accepted Answer

Yes. That's a common exit strategy for rental holds. You stabilize the property, then refinance into a longer-term investor product.

Hard Money Loans in Westmorland, CA