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Hard Money Loans in Grass Valley
Grass Valley's historic downtown and surrounding foothill properties create strong opportunities for investors who move quickly. Hard money loans fund these deals in days, not weeks.
Nevada County's mix of older homes needing renovation and limited conventional financing options makes asset-based lending essential. Speed matters when competing for undervalued properties.
Hard money lenders care about one thing: the property's after-repair value. Your credit score and income rarely matter if the numbers work.
Most Grass Valley deals require 65-75% LTV based on purchase price or current value. You bring the down payment. The lender evaluates exit strategy and ARV.
Not all hard money lenders operate in Nevada County. Some avoid rural markets or properties under $200K. We work with lenders who know foothill markets.
Rates run 9-14% with 2-4 points upfront. Terms typically span 6-18 months. These aren't cheap loans—they're speed and flexibility you can't get elsewhere.
Most investors use hard money wrong. It's not for holding property long-term. It's for buying distressed homes, renovating fast, and refinancing or selling within months.
In Grass Valley, we see successful flips on pre-1950 homes near downtown and neglected properties in Penn Valley. Know your exit before you borrow. Lenders will ask.
Hard money differs from DSCR loans in one critical way: timeframe. DSCR works for rental properties you'll hold. Hard money works for properties you'll flip.
Bridge loans offer lower rates but stricter qualification. Construction loans require detailed plans and draws. Hard money beats both when you need capital this week.
Nevada County permit processes can take longer than metro areas. Factor 2-4 weeks for renovation permits when calculating your loan term needs.
Properties in unincorporated areas sometimes face lender hesitation. We know which hard money sources fund outside city limits and which avoid rural parcels entirely.
Most deals close in 5-10 business days if the property appraises quickly. Some lenders fund in 72 hours for strong deals with clear exit strategies.
Most lenders don't check credit scores at all. They care about your down payment, experience, and the property's after-repair value.
No. Hard money loans are investment-only products designed for fix-and-flip or bridge financing before permanent financing.
Distressed single-family homes, outdated properties near downtown, and foreclosures needing renovation. Clear upside potential matters most to lenders.
Expect 9-14% rates plus 2-4 points upfront versus 7-8% conventional. You pay for speed and flexibility, not long-term affordability.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.