Question 1

How fast can I close a hard money loan in King City?

Accepted Answer

Most deals close in 7-10 days once you provide property details and down payment proof. We've funded King City purchases in five days when the appraisal came back quickly.

Question 2

What credit score do I need for hard money?

Accepted Answer

Most lenders approve with 580+ credit but focus more on property equity and your exit plan. Lower credit means higher rates and more down payment.

Question 3

Can I use hard money for owner-occupied properties?

Accepted Answer

Hard money works for investment properties only. If you plan to live in the property, you need a conventional or FHA renovation loan instead.

Question 4

What happens if my renovation takes longer than expected?

Accepted Answer

Most lenders offer 6-month extensions for 1-2 points. Build buffer into your timeline since Monterey County permits can delay projects.

Question 5

Do I need real estate investing experience?

Accepted Answer

First-time flippers pay higher rates and need larger down payments. Lenders want to see you have contractor relationships and a detailed budget.

Hard Money Loans in King City — Fast Funding for Real Estate Investors