Question 1

How fast can a hard money loan close in Madera?

Accepted Answer

Many hard money lenders close in 5-10 business days. Having your property details and exit strategy ready speeds this up.

Question 2

Do I need good credit for a hard money loan?

Accepted Answer

Credit matters less than the deal itself. Lenders focus on collateral value and your plan to repay or refinance.

Question 3

What properties qualify for hard money in Madera?

Accepted Answer

Most residential and small commercial properties qualify. Severely distressed properties may require a larger down payment.

Question 4

How long are hard money loan terms?

Accepted Answer

Terms typically run 6 to 24 months. These are short-term loans — you need a clear exit before you close.

Question 5

Can I use hard money for a rental property purchase?

Accepted Answer

Yes, but plan to refinance into a DSCR or conventional loan after stabilization. Hard money rates are too high long-term.

Question 6

What is LTV on a hard money loan in Madera?

Accepted Answer

Most lenders cap at 65-75% of ARV. Your rehab budget and property condition affect where lenders land.

Hard Money Loans in Madera, CA