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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 Loans in Lancaster
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.
Local decision guide
Use this guide to connect hard money loans eligibility, lender expectations, and local market factors before comparing payment options 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.
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.