Question 1

How fast can a hard money loan close in Atwater?

Accepted Answer

Many hard money loans close in 7-14 days. The timeline depends on the lender and how quickly the property can be appraised.

Question 2

What credit score do I need for hard money?

Accepted Answer

Most hard money lenders don't have a strict minimum. The deal's numbers matter far more than your credit profile.

Question 3

Can I use hard money for a fix-and-flip in Merced County?

Accepted Answer

Yes — that's exactly what hard money is designed for. The lender funds purchase and often renovation costs up to a set ARV percentage.

Question 4

How long is a typical hard money loan term?

Accepted Answer

Most terms run 6-24 months. These are short-term loans — you're expected to sell or refinance before the term ends.

Question 5

Are hard money rates higher than conventional loans?

Accepted Answer

Yes, significantly. You're paying for speed and flexibility. Rates vary by borrower profile and market conditions.

Question 6

Do hard money lenders fund low-priced properties in Atwater?

Accepted Answer

Some do, some don't. Lender minimums vary widely. We work with lenders comfortable at Central Valley price points.

Hard Money Loans in Atwater, CA