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Hard Money Loans in Truckee
Truckee's vacation rental and ski property market moves fast. Hard money loans fund in 7-14 days versus 30-45 for conventional financing.
Most deals we close involve fix-and-flip cabins or rental conversions near Donner Lake and Tahoe Donner. Speed matters when competing for distressed properties.
This market sees heavy investor activity year-round. Cash-equivalent hard money offers beat delayed bank approvals every time.
Lenders approve based on property value, not your tax returns. Expect 60-75% LTV on Truckee investment properties.
Credit scores matter less than your renovation budget and exit strategy. Most lenders want 620+ but will go lower with stronger deals.
You need skin in the game—25-40% down is standard. Lenders also review your track record if you've flipped properties before.
We work with 15+ hard money lenders who fund Truckee mountain properties. Rates run 9-14% with 2-4 points upfront.
Lenders price based on your experience and property condition. First-time flippers pay higher rates than repeat investors with proven exits.
Terms run 6-24 months. Most Truckee investors refinance into DSCR loans once renovations finish and rental income starts.
Hard money works for Truckee because banks won't touch properties needing major rehab. We've closed loans on cabins without functioning plumbing.
Your numbers need to pencil: purchase + rehab + carrying costs versus ARV. Lenders want 20%+ spread between all-in costs and final value.
Winter closings take longer due to snow access issues. Plan your timeline around weather if the property needs inspection before funding.
Bridge loans cost less but require better credit and lower LTV. Hard money beats bridge financing when you need speed or have property condition issues.
DSCR loans offer long-term rental financing at lower rates. Use hard money to acquire and renovate, then refinance into DSCR once stabilized.
Construction loans work for ground-up builds but take 45+ days to close. Hard money funds faster for tear-down-rebuild projects.
Truckee's short-term rental ordinances affect your exit strategy. Lenders want to see permitted rental potential or clear flip timelines before funding.
Mountain property appraisals take 2-3 weeks during peak season. Factor this into your hard money timeline if lenders require upfront valuations.
Snow damage and deferred maintenance are common in distressed Truckee cabins. Budget 15-20% more for renovations than comparable Lake Tahoe properties.
Most lenders fund in 7-14 days once you submit property photos and purchase contract. Winter weather can add 3-5 days for access issues.
Yes—your exit strategy matters. Lenders want proof you can flip or convert to permitted rental use within the loan term.
Expect 60-70% of as-is value. Higher LTV available if you have strong flip experience and detailed renovation budgets.
Yes, but lenders cap LTV lower on demo projects. You'll need 35-40% down versus 25-30% for standard rehabs.
Rates vary by borrower profile and market conditions. Expect 9-14% with 2-4 points based on experience and property condition.
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.