Question 1

How fast can a hard money loan close in Dos Palos?

Accepted Answer

Many hard money deals close in 7-14 days. Speed depends on the lender and how quickly appraisal is completed.

Question 2

Do I need good credit for a hard money loan?

Accepted Answer

Credit matters less than the property's value and your equity position. Most lenders focus on the deal, not your score.

Question 3

What property types qualify in Merced County?

Accepted Answer

Single-family, multi-family, and mixed-use properties typically qualify. Raw land is usually excluded.

Question 4

What is ARV and why does it matter?

Accepted Answer

ARV is after-repair value — what the property is worth fully renovated. Lenders use it to set your maximum loan amount.

Question 5

Can I use hard money for a rental property in Dos Palos?

Accepted Answer

Yes, but hard money is short-term. Plan to refinance into a DSCR loan once the property is stabilized and rented.

Question 6

How much can I borrow with a hard money loan?

Accepted Answer

Most lenders cap at 65-75% of ARV. Your specific loan amount depends on the deal and the lender's guidelines. Rates vary by borrower profile and market conditions.

Hard Money Loans in Dos Palos, CA