Question 1

How fast can a hard money loan close in Gonzales?

Accepted Answer

Most hard money loans close in 5-14 days. Speed depends on how quickly title clears and the appraisal gets done.

Question 2

Do I need good credit for hard money?

Accepted Answer

Not necessarily. Lenders focus on the property's value and your exit plan. Bad credit doesn't kill most hard money deals.

Question 3

What's a typical hard money loan term?

Accepted Answer

Most run 6-24 months. These are short-term tools — you refinance or sell before the term ends.

Question 4

Can I use hard money for a rental property in Gonzales?

Accepted Answer

Yes, to acquire or rehab it. Once it's stabilized and rented, you'd refinance into a DSCR loan at better terms.

Question 5

What's the difference between LTV and ARV?

Accepted Answer

LTV is based on current value. ARV is post-renovation value. Hard money lenders often lend on both — know which one applies.

Question 6

Are hard money rates higher than conventional loans?

Accepted Answer

Yes, significantly. Rates vary by borrower profile and market conditions, but hard money costs more because lenders move faster and take more risk.

Hard Money Loans in Gonzales, CA — Fast Capital for Real Estate Investors