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Nevada City is a small Gold Country market with character properties and limited inventory. That combination creates real opportunity for investors who can move fast.
Hard money loans are asset-based. The lender cares about the property's value, not your tax returns. That's why they work well for fix-and-flip deals in tight local markets.
6 to 24 months
Typical Loan Term
30-40% of purchase
Typical Down Payment
Often 600+
Min Credit Score
Usually none
Income Docs Required
7-14 days typical
Estimated Close Time
Hard Money Loans in Nevada City
Most hard money lenders want 30-40% equity in the deal. That means your down payment or existing equity covers their risk.
Credit score matters less here than with conventional loans. A score in the 600s can still get you funded if the numbers on the property work.
Local decision guide
Use this guide to connect hard money loans eligibility, lender expectations, and local market factors before comparing payment options in Nevada City.
Nevada City is a small Gold Country market with character properties and limited inventory. That combination creates real opportunity for investors who can move fast.
Hard money loans are asset-based. The lender cares about the property's value, not your tax returns. That's why they work well for fix-and-flip deals in tight local markets.
Most hard money lenders want 30-40% equity in the deal. That means your down payment or existing equity covers their risk.
Hard money lenders vary wildly. Rates, points, and terms differ more than any other loan type. Shopping across lenders matters enormously here.
We work with 200+ wholesale lenders, including private hard money shops that don't advertise publicly. Nevada County deals need lenders who understand rural and semi-rural properties.
The biggest mistake investors make is waiting for a hard money quote before they make an offer. Get pre-approved first. Sellers in Nevada City move on serious buyers.
Short loan terms — usually 6 to 24 months — mean your exit strategy needs to be solid before you close. Flip timeline, refinance plan, or sale date. Have one.
Bridge loans serve a similar purpose but typically require more documentation and stronger credit. Hard money moves faster with fewer hurdles.
DSCR loans are better for stabilized rentals. If the property needs significant work before it can rent, hard money gets you in the door first.
Nevada County has older housing stock. Many properties need updating before they qualify for conventional financing. That's exactly where hard money shines.
The rural character of Nevada City means some lenders will pass on the deal entirely. We know which ones will fund here — and which ones waste your time.
Many hard money deals close in 7-14 days. Speed depends on how quickly the property appraises and title clears.
Most hard money lenders fund from $100K to several million. The deal size depends on the property's after-repair value.
They check it, but it's rarely the deciding factor. The property's value and your equity position matter far more.
Yes, but plan your refinance into a DSCR or conventional loan before the term expires. Hard money is a short-term tool.
Many lenders offer extensions, but they cost money. Build buffer into your timeline before you close.
Yes, significantly. Rates vary by borrower profile and market conditions, but you're paying for speed and flexibility.