Question 1

How fast can a hard money loan close in Livingston?

Accepted Answer

Most hard money loans close in 7–14 days. Speed depends on how quickly the property appraises and your docs are submitted.

Question 2

Do I need good credit to get a hard money loan?

Accepted Answer

No. Hard money lenders focus on the property and your equity. A 580 credit score won't disqualify you if the deal is solid.

Question 3

What property types qualify in Merced County?

Accepted Answer

Single-family, multi-family, and mixed-use properties all qualify. Lenders get cautious on raw land or properties with major structural issues.

Question 4

What's the typical loan term on a hard money deal?

Accepted Answer

Most terms run 6 to 24 months. They're short-term by design — you flip or refinance before the term ends.

Question 5

Can I use hard money to fund the rehab costs too?

Accepted Answer

Yes. Many hard money lenders will fund purchase plus rehab draws. The total stays within a percentage of the ARV.

Question 6

How do hard money rates compare to conventional loans?

Accepted Answer

Hard money rates run significantly higher than conventional. You're paying for speed and flexibility, not long-term cheap capital. Rates vary by borrower profile and market conditions.

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