Question 1

How fast can a hard money loan close in Hanford?

Accepted Answer

Many hard money deals close in 7–14 days. The property condition and title work are usually the bottleneck, not the lender.

Question 2

Do I need good credit to get a hard money loan?

Accepted Answer

No. Hard money underwriting focuses on the property and your exit plan. Most lenders set a floor around 600, some lower.

Question 3

What's a typical loan term for hard money?

Accepted Answer

Most hard money loans run 12 months. Some lenders offer 18–24 month terms for larger rehab projects.

Question 4

Can I use hard money to buy a rental property in Hanford?

Accepted Answer

Yes, but plan your exit. You'd typically refinance into a DSCR loan once the property is stabilized and leased.

Question 5

What's the minimum down payment on a hard money loan?

Accepted Answer

Most lenders require 25–35% down. The exact amount depends on the property's ARV and your experience as an investor.

Question 6

Are hard money rates higher than conventional rates?

Accepted Answer

Yes, significantly. Hard money trades cost for speed and flexibility. Rates vary by borrower profile and market conditions.

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