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Lemoore sits in Kings County, where the median household income of $68,750 reflects a working agricultural community. Hard money loans serve investors and borrowers who don't fit conventional bank timelines or credit profiles.
Hard money lenders focus on the property's value and equity, not credit scores or income verification. Rates run higher than traditional mortgages—typically 8% to 15% depending on loan-to-value and property condition.
8–15% depending on LTV
Typical Rate Range
5–10 business days
Closing Timeline
15–40% depending on property
Down Payment
580 FICO or lower accepted
Minimum Credit Score
Proof of funds + exit strategy
Key Requirement
Hard Money Loans in Lemoore
Hard money lenders in California care about the property first. Credit scores matter less—many approve 580 FICO or lower if equity is strong. Down payments typically run 20–40%, with some lenders accepting 15% on strong properties.
Kings County's median household income of $68,750 means most borrowers here are investors or business owners, not W-2 wage earners. Hard money lenders ask for proof of funds, a clear rehab budget, and a realistic exit strategy—refinance, sale, or cash-out.
Local decision guide
Use this guide to connect hard money loans eligibility, lender expectations, and local market factors before comparing payment options in Lemoore.
Lemoore sits in Kings County, where the median household income of $68,750 reflects a working agricultural community. Hard money loans serve investors and borrowers who don't fit conventional bank timelines or credit profiles.
Hard money lenders focus on the property's value and equity, not credit scores or income verification. Rates run higher than traditional mortgages—typically 8% to 15% depending on loan-to-value and property condition.
Hard money lenders in California care about the property first. Credit scores matter less—many approve 580 FICO or lower if equity is strong. Down payments typically run 20–40%, with some lenders accepting 15% on strong properties.
California hard money lenders range from small local shops to larger institutional funds. Most operate as private lending companies or real estate investment funds, not banks.
Lenders in this space compete on speed and flexibility, not rate. A typical hard money loan closes in 5–10 business days. Rates and points vary by lender, property type, and loan-to-value. Expect to pay 2–5 points upfront plus 1–2% origination fees.
Hard money makes sense in Lemoore for investors flipping agricultural properties or commercial buildings. Kings County's median income of $68,750 means most borrowers here are self-employed or business owners—hard money's flexibility beats bank underwriting.
Hard money doesn't make sense for owner-occupants with stable W-2 income and decent credit. A conventional loan at 6–7% beats 10–12% hard money rates every time. If you can wait 30 days and qualify for a bank mortgage, do that instead.
Conventional mortgages run 6–7% with 30–45 day closings. Hard money runs 10–12% with 5–10 day closings. The rate difference is steep, but the speed difference is steeper.
Conventional loans require 620+ FICO, full income documentation, and 3–6 months reserves. Hard money requires proof of funds and a solid exit strategy, not income. If your credit is under 600 or your income is irregular, conventional won't work.
Lemoore's agricultural heritage means many properties here are fixer-uppers or multi-use buildings. Hard money investors see opportunity in older farmhouses, barns converted to commercial space, and rural residential properties.
Kings County's working-class economy attracts investors looking for value-add deals. Properties that need work sell at discounts. Hard money's speed lets you close before another investor does.
Most hard money lenders accept 580 FICO or lower. Credit score matters far less than property equity and exit strategy. Some lenders skip credit checks entirely if you have strong proof of funds and a solid rehab plan.
5–10 business days once the property appraisal is complete. Some lenders close in 3–5 days for cash deals. That speed is the main advantage over conventional mortgages, which take 30–45 days.
Rates run 8–15% depending on loan-to-value and property condition. Points typically 2–5% upfront. Origination fees add 1–2%. The exact rate depends on your lender, equity position, and exit strategy.
No. Hard money lenders focus on the property and your proof of funds, not your W-2 income. Bank statements, tax returns, and a clear rehab budget matter more than pay stubs.
That's why exit strategy matters. Most hard money loans are 6–24 months. If refinancing fails, you may extend the loan (at a higher rate) or sell the property. Some lenders offer bridge financing to the next hard money loan.