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Hard Money Loans in La Puente
La Puente offers fix-and-flip opportunities that traditional lenders won't touch. Hard money gets you in the door when bank timelines kill deals.
Investors target properties along Hacienda and Amar for rehab projects. These loans fund acquisitions in 7-14 days versus 30-45 with conventional financing.
Older housing stock in La Puente means renovation potential. Hard money lenders underwrite the after-repair value, not your tax returns.
Lenders want 25-30% down and focus on deal quality over borrower financials. Your credit score matters less than the property's after-repair value.
Most require proof of renovation experience or a licensed contractor on your team. First-time flippers face higher rates and lower LTVs.
Exit strategy is everything—lenders need a clear plan for payoff within 12-24 months. Refinance or sale projections must be realistic.
Private lenders and hard money funds operate differently than banks. Some fund in 5 days but charge 11-14% rates plus 2-3 points.
Local California lenders know La Puente comps and renovation costs. Out-of-state funds offer lower rates but don't understand LA County permit timelines.
Shopping across 200+ wholesale sources gets you better terms. Rate differences of 2-3% are common between aggressive and conservative lenders.
I've seen investors pay 12% when 9% was available because they went direct to one lender. Brokers with multiple hard money sources save 20-30% on financing costs.
The property determines everything—strong comps and conservative ARV get better pricing. Lenders hammer deals with inflated repair estimates.
Construction holdbacks protect lenders but complicate cash flow. Negotiate draw schedules before you close or run out of renovation capital halfway through.
Bridge loans cost less but require better credit and lower LTV. Hard money works when you need speed or have credit issues.
DSCR loans make sense for buy-and-hold rental strategies. Hard money fits fix-and-flip or properties needing major rehab before they cash flow.
Construction loans from banks take 60+ days and need detailed plans. Hard money closes fast but costs 4-6% more annually.
La Puente permits move faster than LA city but slower than unincorporated county areas. Factor 4-8 weeks for major renovation permits into your timeline.
Properties near schools and Valley Boulevard see stronger resale demand. Lenders give better LTVs on houses in established neighborhoods versus industrial edges.
Los Angeles County transfer taxes and recording fees add costs. Budget 1.5-2% of purchase price for closing costs beyond loan points.
Most hard money lenders close in 7-14 days once you have a contract. Cash buyers still move faster, but we're talking days not weeks.
Credit matters less than the deal—scores below 600 work if the property numbers are solid. Expect higher rates with credit under 620.
Expect 25-30% down on purchase price or as-is value. Stronger deals with experienced investors sometimes get 20% down.
Yes, lenders typically hold renovation funds in escrow and release on a draw schedule. You'll need contractor bids upfront.
Rates run 9-14% depending on deal quality and experience level. Points add 2-4% to upfront costs.
Most run 12-24 months with interest-only payments. Extensions cost extra but beat scrambling for emergency refinancing.
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.