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Hard Money Loans in Lancaster
Lancaster's investor market runs on speed. Foreclosures, distressed properties, and fix-and-flip opportunities don't wait for 45-day conventional approvals.
Hard money lenders fund based on the property's after-repair value, not your tax returns. That makes them perfect for vacant homes, major rehabs, and quick-close deals that traditional banks won't touch.
Hard money lenders care about three things: the property's current value, the after-repair value, and your exit strategy. Credit scores matter less than your renovation plan.
Most Lancaster hard money deals require 25-35% down. Lenders cap loans at 65-75% of ARV. Your experience level affects rates but rarely kills the deal.
We work with 30+ hard money lenders who fund in the Antelope Valley. Some specialize in smaller Lancaster rehabs under $300k. Others handle larger multi-unit projects.
Rates typically run 8-12% with 2-4 points upfront. Loan terms range from 6 to 24 months. The lender you choose depends on property type, loan size, and timeline.
Lancaster hard money works best for properties needing $50k+ in renovations. If you're buying retail-ready, a DSCR loan costs less and gives you 30 years to refinance.
I've seen borrowers waste $15k in hard money interest waiting for permits. Line up your contractor and city approvals before you close. Every month of delay costs 1% of the loan amount.
Bridge loans offer lower rates but require better credit and more documentation. DSCR loans beat hard money for rental properties that don't need major work.
Hard money makes sense when speed matters more than cost. If you found a foreclosure that closes in 10 days, hard money might be your only option.
Lancaster permits can take 8-12 weeks for major rehabs. That eats into your hard money term. Factor permit delays into your hold costs from day one.
The Antelope Valley sees strong rental demand from aerospace workers and families priced out of LA proper. Properties near MOAH or Amargosa Creek flip fast when renovated right.
Most lenders fund in 7-14 days once you have a purchase contract. Some can close in 5 days if the property appraises quickly and title is clear.
Expect 25-35% down depending on the property and your experience. First-time flippers often need closer to 35%. Repeat investors with track records can get 25%.
Hard money is designed for investment properties, not owner-occupied homes. If you're buying a primary residence, FHA or conventional loans cost far less.
Most hard money loans include 6-12 month extension options at the same rate. Budget for extensions upfront. Delays happen on 60% of flips.
They check credit but won't kill deals over scores in the 550-650 range. Foreclosures and bankruptcies matter less than your rehab budget and exit plan.
If the property is rent-ready or needs under $30k in cosmetic work, DSCR loans offer 30-year terms at lower rates. Hard money works for major rehabs.
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.