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Hard Money Loans in Lemoore
Lemoore's investor market runs on speed and opportunity. Hard money loans fund deals in 7-14 days when traditional lenders take 45.
Most Lemoore fix-and-flip projects need $150K-$400K. Hard money covers purchase and rehab in one loan, no W-2 income required.
Kings County properties offer strong rental fundamentals from Naval Air Station demand. Hard money gets you in before conventional buyers compete.
Lenders approve based on deal quality, not your tax returns. They want 65-75% loan-to-value on after-repair value, plus a solid exit strategy.
Credit scores down to 580 work if the property math makes sense. Most require 20-30% down and proof you can complete the renovation.
First-time flippers face tougher scrutiny in Lemoore. Lenders want contractor bids, realistic timelines, and comparable sales data showing profit margin.
California has 200+ hard money lenders with wildly different terms. Rates run 8-14% with 2-4 points upfront in Kings County markets.
Local private lenders know Lemoore but charge higher rates. National platforms offer better pricing but require more documentation and slower underwriting.
The cheapest rate rarely wins. What matters: fund speed, rehab holdback structure, and whether they'll extend if your project runs long.
Most Lemoore deals need 6-12 month terms with interest-only payments. Extensions cost 1-2 points if your contractor hits delays.
I see investors blow deals by shopping rate alone. A lender offering 9% who funds in 8 days beats 8% funding in 30 when you're competing on foreclosures.
Kings County appraisals take 10-14 days minimum. Start that process before you write offers or your hard money approval sits useless.
Never max out your loan-to-value. If rehab runs over budget or comps drop, you need cash reserves or the project stalls halfway done.
Military town dynamics matter in Lemoore. Properties near NAS Lemoore rent fast but may have lower resale values than civilian neighborhoods.
Bridge loans cost less but require better credit and won't fund major rehabs. Hard money works on properties banks call uninhabitable.
DSCR loans offer lower rates for buy-and-hold investors. But if you're flipping in under 12 months, hard money's speed justifies the premium.
Construction loans beat hard money rates on ground-up builds. For cosmetic rehabs under $100K, hard money closes faster with less red tape.
Lemoore sits in an agricultural market with limited inventory. Hard money lets you buy off-market deals from estate sales and tired landlords before listings hit MLS.
Kings County permit timelines run 3-6 weeks for cosmetic work. Factor that into your project schedule or you'll pay extra interest waiting on inspections.
The Naval Air Station drives 80% of rental demand. Properties within 10 minutes of base gates flip fastest and rent highest, making exit strategies clearer for lenders.
Agricultural zoning affects some Lemoore properties. Verify zoning before closing because hard money lenders won't fund if you can't legally flip residential.
Most lenders fund in 7-14 days if appraisal comes back clean. Cash deals close faster but hard money still beats conventional by 30+ days.
Expect 20-30% down based on purchase price. Experienced flippers with strong track records sometimes get 15% down on clean deals.
Yes, but you'll need detailed contractor bids and possibly a partner with flip experience. First-timer rates run 1-2% higher.
They care less than banks. Scores above 620 get best terms, but 580+ works if deal shows strong profit margin and exit strategy.
Most lenders offer 3-6 month extensions for 1-2 points. Build that cost into your budget since contractor delays happen frequently.
Yes, most lenders provide rehab holdback funding. They release renovation funds in draws as work completes and passes inspection.
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.