Question 1

How fast can I close on a hard money loan in Lemoore?

Accepted Answer

Most lenders close in 7-14 days once they approve the property. You need appraisal, title work, and clear exit strategy ready upfront.

Question 2

What credit score do I need for hard money?

Accepted Answer

Most lenders approve 600+ but focus more on property value. Strong deals with clear profit potential get approved even with lower credit.

Question 3

Can I use hard money for a primary residence?

Accepted Answer

Hard money loans are for investment properties only. Owner-occupied buyers need conventional, FHA, or VA financing instead.

Question 4

How much down payment do hard money lenders require?

Accepted Answer

Expect 25-35% down based on purchase price. Lenders fund 65-75% of after-repair value, which often leaves a gap you must cover.

Question 5

What happens if I can't sell before the loan matures?

Accepted Answer

You refinance into DSCR or conventional financing if the property qualifies. Most lenders allow extensions at higher rates if needed.

Question 6

Do hard money lenders check my income?

Accepted Answer

No income verification required. Approval depends entirely on property value, your equity, and exit strategy for repayment.

Hard Money Loans in Lemoore: Fast Capital for Real Estate Investors