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Hard Money Loans in Duarte
Duarte sits between Pasadena and the San Gabriel Valley, offering investors access to older housing stock with renovation potential. Most hard money deals here involve 1950s-70s ranch homes and small multifamily properties.
Properties near the Duarte station and along Huntington Drive move fastest after rehab. Lenders fund on as-is value, so rough condition doesn't kill the deal.
Hard money lenders care about one thing: the property's after-repair value. Your credit score matters far less than your exit strategy and equity position.
Most lenders want 25-30% down and will lend up to 70% of ARV. No tax returns, no employment verification—just proof you can execute the project.
We work with 15+ hard money lenders who fund Los Angeles County deals. Rates run 9-14% with 2-4 points upfront depending on loan-to-value and project timeline.
Local lenders move faster on Duarte properties because they know the market. National funds offer lower rates but take longer to close and require more paperwork.
The investors who succeed in Duarte keep rehab budgets under $80k and flip within six months. Projects that drag past 12 months almost always lose money to carrying costs.
Most first-time flippers underestimate permit timelines in Los Angeles County. Budget an extra 60 days if you're doing structural work or major electrical upgrades.
Bridge loans work better if you're buying occupied properties and need 12+ months. Hard money fits quick flips where you'll sell within a year.
DSCR loans make sense if you're converting to rentals post-rehab. Construction loans cost less but require detailed budgets and draw schedules that slow you down.
Duarte's proximity to Azusa Pacific and Citrus College creates rental demand if you pivot from flip to hold. Lenders see this as viable exit strategy backup.
Properties south of Huntington Drive near City of Hope Medical Center attract better comps. North of the 210 freeway runs cheaper but takes longer to sell post-renovation.
Most hard money loans close in 7-14 days once appraisal is complete. All-cash verification and clear title can shorten that to 5 days with the right lender.
Lenders charge 1-2% extension fees for 3-6 month renewals. Budget three months of interest as cushion since permit delays happen frequently in LA County.
No. Hard money is for investment properties only. If you're owner-occupying, look at FHA 203k or Fannie Mae HomeStyle renovation loans instead.
Most lenders require licensed contractors for draws over $50k. They'll verify licensing and may require lien waivers before releasing rehab funds.
Many lenders go down to 500 credit scores. The property secures the loan, so your credit matters less than equity and exit strategy.
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.