Question 1

How fast can hard money close in San Dimas?

Accepted Answer

Most deals close in 7-14 days with clean title. We've closed in 5 days when borrowers had cash reserves verified and property appraisal ordered immediately.

Question 2

What credit score do I need for hard money?

Accepted Answer

Most lenders approve scores above 580. Some go down to 500 if you have strong reserves and the deal shows clear profit potential after renovation.

Question 3

Can I use hard money for my primary residence?

Accepted Answer

No. Hard money is for investment properties only. If you need fast closing on a primary home, look at bridge loans or conventional with appraisal waiver instead.

Question 4

How much does a typical San Dimas flip cost in hard money interest?

Accepted Answer

On a $500K loan at 11% held for 6 months, you pay roughly $27,500 in interest. Points at closing add another $15K-$20K to total costs.

Question 5

Do hard money lenders fund renovations or just purchase?

Accepted Answer

Most provide renovation holdbacks released in draws as work completes. Expect lender inspections before each draw release to verify work quality and progress.

Hard Money Loans in San Dimas: Fast Capital for Fix-and-Flip and Investment Properties