Loading
Hard Money Loans in Artesia
Artesia sits in a tight Los Angeles County market where speed wins deals. Hard money loans fund in 7-14 days versus 30-45 for conventional financing.
Investors targeting older single-family homes and small multifamily properties use hard money to compete with cash buyers. The loan focuses on property value, not your tax returns.
Lenders care about your exit strategy and the property's after-repair value. Credit scores as low as 580 can work if the deal makes sense.
Expect 20-30% down minimum. Most lenders cap at 70-75% loan-to-value on purchase price or ARV, whichever is lower.
We work with 30+ hard money lenders across California. Each one prices deals differently based on loan size, property type, and borrower experience.
First-time flippers pay more than seasoned investors. Rates typically run 9-14% with 2-4 points upfront. Terms rarely exceed 12 months.
Most Artesia investors use hard money for acquisitions, then refinance to DSCR loans once renovations finish. That's the standard play in this market.
Budget for costs beyond the property. Hard money includes origination points, appraisal fees, and higher interest. Your profit margin needs to absorb 15-20% in total financing costs.
Bridge loans offer slightly better rates but slower approval. DSCR loans cost less but require completed properties with rental income.
Hard money wins when you need to close fast or the property needs major work. Once renovations finish, refinance to longer-term debt and pull your equity out.
Artesia's proximity to Cerritos and Long Beach makes it attractive for investors targeting rental conversions. Properties here often need kitchen and bathroom updates to hit market rent.
Los Angeles County permits can add 2-4 months to renovation timelines. Factor permit delays into your hard money term or negotiate extension options upfront.
Most hard money lenders close in 7-14 days once you have a signed purchase agreement. We've closed deals in 5 days when appraisals come back quickly.
Expect to put 20-30% down minimum. Your down payment plus renovation budget should cover any gap between purchase price and after-repair value.
Yes, scores as low as 580 work if your deal shows strong profit potential. Lenders focus on the property's value and your exit plan.
Rates typically run 9-14% plus 2-4 points upfront. Experienced investors with multiple deals get better pricing. Rates vary by borrower profile and market conditions.
Most investors refinance to DSCR loans within 6-12 months. This lowers your rate, extends the term, and lets you pull equity for the next deal.
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.