Question 1

How fast can hard money loans close in San Anselmo?

Accepted Answer

Most hard money loans close in 7-14 days once you have a purchase contract. Cash-out refinances on owned properties can close even faster.

Question 2

What credit score do I need for hard money in Marin County?

Accepted Answer

Most lenders require 620 minimum, though some approve scores as low as 580. The property value and your equity matter more than credit.

Question 3

Can I use hard money for a primary residence in San Anselmo?

Accepted Answer

Hard money is designed for investment properties and renovation projects. Owner-occupied buyers should use FHA 203k or conventional renovation loans instead.

Question 4

How much does hard money cost compared to conventional loans?

Accepted Answer

Expect 9-12% rates plus 2-4 points upfront versus 7-8% conventional with minimal fees. You pay for speed and flexibility, not long-term affordability.

Question 5

What happens if my San Anselmo renovation takes longer than expected?

Accepted Answer

Most lenders offer 6-12 month extensions for 1-2 additional points plus possible rate adjustments. Build timeline cushions into your initial loan term.

Question 6

Do hard money lenders check my income or employment?

Accepted Answer

No income verification required. Lenders approve based on property value, your equity position, and renovation plan quality.

Hard Money Loans in San Anselmo: Fast Financing for Marin County Real Estate Investors