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Hard Money Loans in Hanford
Hanford investors use hard money for fix-and-flip deals and properties traditional lenders reject. These asset-based loans close in days, not weeks.
Kings County's agricultural economy creates unique opportunities for adaptive reuse projects. Hard money funds deals that banks won't touch—foreclosures, estates, properties needing major work.
Most Hanford hard money deals close in 7-14 days. Speed matters when competing with cash buyers or capitalizing on distressed inventory.
Hard money lenders focus on property value and exit strategy, not your W-2 or credit score. You need skin in the game—typically 20-30% down.
Lenders want to see your renovation budget and timeline. They'll fund based on after-repair value (ARV), not current condition.
Expect 10-14% interest rates and 2-4 points at closing. These are 6-12 month loans, not long-term financing.
Hard money comes from private lenders, not banks. We connect Hanford investors with lenders who specialize in Central Valley deals.
Some lenders fund statewide, others focus regionally. Local lenders understand Kings County property values and renovation costs better.
Watch for hidden fees—some lenders charge 3-5% origination plus junk fees. We shop 200+ sources to find competitive terms.
Most Hanford hard money deals we see are $100K-$400K fix-and-flips. Smaller loan amounts get better pricing than $1M+ projects.
Your exit strategy determines approval. Lenders want to know: flip to retail buyer, refinance to conventional, or hold as rental?
First-time flippers pay higher rates. Show completed projects or partner with experienced investors to get better terms.
Don't use hard money for properties you plan to owner-occupy. These loans require investment property use only.
Hard money costs more than DSCR loans but closes 10x faster. Use it when speed trumps cost—competing offers, time-sensitive deals.
Bridge loans work for stabilized properties. Hard money funds properties needing heavy rehab that bridge lenders avoid.
Once renovations finish, refinance to conventional or DSCR to lock lower rates. Hard money is temporary capital, not permanent financing.
Hanford's downtown historic properties attract hard money investors doing adaptive reuse. Older homes near Civic Center need work but offer upside.
Kings County permits move slower than metro areas. Build extra time into your renovation schedule or risk extension fees.
Limited contractor availability in Hanford affects flip timelines. Lenders account for Central Valley construction delays when underwriting.
Most deals fund in 7-14 days with clean title. All-cash purchases of distressed properties can close in 5 days with motivated sellers.
Expect 20-30% down depending on property condition and your experience. First-time flippers typically need 30% to offset lender risk.
No. Hard money requires investment property use only—flips or rentals. Owner-occupied buyers need FHA, conventional, or other traditional loans.
Rates run 10-14% plus 2-4 points at closing. Your experience level, down payment, and exit strategy affect final pricing.
Most don't emphasize credit scores. They focus on property value, your down payment, and ability to execute the renovation plan.
Typical terms run 6-12 months. Extensions cost 1-2% of loan balance and require lender approval before maturity.
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.