Question 1

How fast can a hard money loan close in Gustine?

Accepted Answer

Many deals close in 7 to 14 days. Speed depends on clear title and a clean appraisal.

Question 2

Do I need good credit for a hard money loan?

Accepted Answer

Credit matters less than the property's value. Lenders focus on collateral and your exit strategy.

Question 3

Can hard money loans cover rehab costs?

Accepted Answer

Yes. Many lenders fund both purchase and renovation. Draw schedules are common on rehab projects.

Question 4

What's a typical hard money loan term in Merced County?

Accepted Answer

Most terms run 6 to 24 months. These are not long-term loans — you need a clear payoff plan.

Question 5

Can I use hard money on agricultural or rural properties?

Accepted Answer

Select lenders do handle rural and ag-adjacent parcels. Not all hard money lenders take these — ask upfront.

Question 6

What fees should I expect beyond the interest rate?

Accepted Answer

Origination points, draw fees on rehab loans, and sometimes prepayment penalties. Rates vary by borrower profile and market conditions.

Hard Money Loans in Gustine, CA — Fast Capital for Investors