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Hard Money Loans in Glendale
Glendale's tight inventory creates opportunities for investors who can close fast. Hard money loans fund in 7-14 days, giving you an edge when competing against conventional buyers.
This city's mix of older homes and teardown lots attracts fix-and-flip investors. Asset-based lending works here because property values support aggressive renovation budgets.
Lenders care about the property, not your tax returns. You need equity or a down payment of 25-40% depending on the deal.
Your credit matters less than the asset. Most lenders approve borrowers at 600+ FICO if the property value supports the loan amount and exit strategy makes sense.
Not all hard money lenders operate the same way. Some specialize in ground-up construction, others in cosmetic rehabs.
We work with 15+ direct hard money lenders who fund in Los Angeles County. Rate spreads run wide—I've seen 8.5% to 13% on similar deals based on lender and borrower experience level.
First-time flippers pay the highest rates because lenders price inexperience risk. If you've closed three deals, you'll save 1-2 points on the same property.
Exit strategy matters more than people think. Lenders want to see clear refinance or sale plans. Vague timelines get declined or priced higher even with strong equity.
Bridge loans cost less but take longer and require more documentation. DSCR loans work for rental holds but won't fund heavy renovations.
Hard money makes sense when speed matters or the property needs serious work. Once renovations finish, most investors refinance into conventional or DSCR loans.
Glendale permit timelines affect your loan term planning. Some rehabs that should take 4 months stretch to 7 because of inspection delays.
Properties near downtown Glendale or Brand Boulevard get valued higher by lenders. Location affects both loan-to-value ratios and exit strategy credibility.
Most deals close in 7-14 days once the property appraises. We've funded Glendale purchases in 5 days when title was clean and appraisal came back fast.
Expect 25-35% down for experienced investors, 35-40% for first deals. Lenders lend on after-repair value, so your renovation budget affects total funding available.
Yes, but plan your exit carefully. You'll refinance into a DSCR or conventional loan after renovations since hard money rates don't work long-term.
No income verification required. Lenders evaluate the property value, your equity, and your renovation experience instead of tax returns or pay stubs.
Rates vary by borrower profile and market conditions. Typical range runs 8.5-13% plus 2-4 points upfront, depending on experience and deal strength.
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.