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Hard Money Loans in Walnut
Walnut's family-oriented neighborhoods attract investors looking for flip opportunities and rental conversions. Hard money loans fund these deals in days, not months.
Most Walnut investors use hard money for properties needing substantial work that traditional lenders won't touch. Speed matters when competing against cash buyers.
Hard money lenders look at the property's after-repair value, not your tax returns. Credit scores below 600 get approved regularly if the deal makes sense.
You need real equity in the deal. Most lenders cap at 65-75% of purchase price plus 100% of rehab costs, requiring you to bring cash to closing.
Hard money lenders in California range from national funds to local investors with $2 million minimums. We access both, matching your deal size to the right capital source.
Rates vary wildly—7% to 14% depending on leverage, property condition, and your experience. Points range from 1-4% of loan amount at closing.
First-time flippers in Walnut often underestimate carrying costs on hard money. At 10% interest plus points, a six-month project costs $15,000 in interest on a $300,000 loan.
The investors who profit treat hard money as expensive construction financing, not cheap acquisition debt. Budget exit strategy before signing loan docs.
Bridge loans offer lower rates but require better credit and slower underwriting. DSCR loans work for rental properties you plan to keep, not flip.
Hard money costs more but closes faster with fewer requirements. Use it when speed or property condition eliminates conventional options.
Walnut permits move slower than neighboring cities. Factor 4-6 weeks for plan approval when budgeting hard money carrying costs on major rehabs.
Properties near Mt. San Antonio College attract rental demand, making DSCR refinance a common exit strategy after completing renovations.
Most deals close in 7-14 days if you have property under contract and basic financials ready. Cash-out refinances take slightly longer.
Many lenders approve scores as low as 550-600. The property's value and your equity matter more than credit history.
Yes, but plan to refinance into a DSCR loan within 12-24 months. Hard money rates make poor long-term rental financing.
Single-family homes, condos, small multifamily, and mixed-use properties all qualify. Lenders avoid vacant land and major structural issues.
Typically 65-75% of purchase price plus 100% of documented rehab costs. You bring the rest as down payment and reserves.
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.