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Hard Money Loans in Burbank
What credit score do I need for a hard money loan in Burbank?
Hard money lenders care less about credit and more about equity and exit strategy. Most accept FICO scores as low as 600, focusing instead on the property's after-repair value and your down payment.
01
Burbank's real estate market remains competitive, with investors and owner-occupants both active. Hard money lenders have become essential for fix-and-flip deals and bridge financing when speed matters more than traditional bank timelines.
The median household income in Los Angeles County is $87,760, which supports purchases across Burbank's range. Hard money loans typically fund in 7-14 days, making them ideal for time-sensitive acquisitions.
7-14 days
Typical Close Time
8-12%
Typical Rate Range
20-30%
Down Payment Required
12-24 months
Loan Term
02
Hard money qualification centers on the property, not your credit score. Lenders typically require 20-30% down and look at the after-repair value (ARV) of the property, not your income or employment history.
Burbank properties in the $600,000 to $1,200,000 range are common hard money targets. Lenders focus on equity position and exit strategy—your ability to refinance or sell within 12-24 months.
Local decision guide
Use this guide to connect hard money loans eligibility, lender expectations, and local market factors before comparing payment options in Burbank.
Burbank's real estate market remains competitive, with investors and owner-occupants both active. Hard money lenders have become essential for fix-and-flip deals and bridge financing when speed matters more than traditional bank timelines.
The median household income in Los Angeles County is $87,760, which supports purchases across Burbank's range. Hard money loans typically fund in 7-14 days, making them ideal for time-sensitive acquisitions.
Hard money qualification centers on the property, not your credit score. Lenders typically require 20-30% down and look at the after-repair value (ARV) of the property, not your income or employment history.
Rate check
Tell us the price range, down payment and credit range you are working with. We compare every lender we work with and show you the options side by side.
03
California's hard money market includes both independent lenders and institutional players. Recent consolidation—like Figure's acquisition of Kiavi—has expanded fix-and-flip and DSCR lending capacity across the state.
Hard money rates typically run 8-12% with 2-4 points, depending on LTV and property condition. Lenders compete on speed and flexibility rather than rate, since these loans are short-term bridges.
04
Hard money makes sense in Burbank when you're buying a fixer under market value and plan to refinance or sell within two years. The speed advantage justifies the higher rate if traditional financing would cost you the deal.
It doesn't pencil when you're buying a move-in-ready home or planning to hold long-term. Conventional or FHA financing will cost far less over time, and Burbank's market supports standard lending for owner-occupants.
05
Hard money vs. conventional financing comes down to timeline and property condition. Conventional loans take 17-21 days and require a clean appraisal; hard money closes in 7-14 days and bases approval on ARV and equity.
Conventional rates run 2-4 percentage points lower. Hard money's premium pays for speed and flexibility when the property needs major repairs or you need to close fast.
06
LAUSD faces fiscal pressure and county oversight, which may affect school-dependent buyer decisions in Burbank. Families should factor in potential district changes when planning long-term ownership or refinancing timelines.
Burbank's entertainment and media sector remains a major employer, though the Paramount-Skydance merger could affect local job concentration. Investors should monitor employment trends when evaluating rental or fix-and-flip exit strategies.
07
Figure's $717M acquisition of Kiavi signals consolidation in the hard money and DSCR lending space. This merger expands fix-and-flip capacity and may increase competition on rates and terms across California.
Burbank's active investment market supports multiple hard money lenders competing for deals. Investors have more options than ever, but rates and points still vary significantly by lender and property profile.
FAQ
Hard money lenders care less about credit and more about equity and exit strategy. Most accept FICO scores as low as 600, focusing instead on the property's after-repair value and your down payment.
Typical hard money closings take 7-14 days. Speed is the main advantage over conventional financing, which takes 17-21 days and requires full appraisal and employment verification.
Hard money typically requires 20-30% down. The exact amount depends on the property's condition, location, and after-repair value. Better equity positions may qualify for lower down payments.
You can, but it rarely makes financial sense. Hard money rates run 8-12% versus 5-7% for conventional mortgages on owner-occupied homes. Save hard money for investment properties and fix-and-flips.
Most hard money loans are 12-24 months with extension options. If you can't exit, you'll typically need to refinance into conventional financing or sell the property. Discuss exit strategy with your lender upfront.
Programs for first-time buyers that allow lower down payments and more forgiving credit and income rules.
Explore refinancing options to lower your rate, tap equity, or switch loan terms.
SRK CAPITAL in Los Angeles County
Our team of licensed mortgage brokers works Los Angeles County every week. Tell us where you are in the process and we will map out the loan, the timeline and the money you need at closing, with no obligation.
What working with us looks like
Licensed mortgage brokers
You talk with a broker, not a call center, from the first question to closing day.
17-21 day typical close
Most purchase loans close in 17-21 days once your paperwork is in.
Every county in California
We work across the state, including Los Angeles County, so local limits and rules are already familiar.
Financing solutions for rental properties, fix-and-flip projects, and real estate portfolios.
Mortgage programs with alternative income documentation for business owners and freelancers.
Federally insured or guaranteed programs (FHA, VA, USDA) that let lenders accept lower credit scores and smaller down payments.
Traditional mortgage options meeting standard lending guidelines with various term structures.
Alternative lending programs for borrowers who need flexible documentation or unique loan structures.
Side-by-side comparisons to help you choose the right mortgage program.
This page is for educational purposes only and does not constitute financial, legal, or tax advice. Mortgage rates, terms, and program availability can change and vary by borrower and property. Consult a licensed mortgage professional for guidance on your scenario.