Question 1

How fast can I close a hard money loan in Fountain Valley?

Accepted Answer

Many hard money lenders close in 7–14 days. Your title work and appraisal are the main variables that affect timing.

Question 2

What credit score do I need for hard money?

Accepted Answer

Most hard money lenders don't have a strict minimum. The property's value and your equity position matter far more than your score.

Question 3

Can I use hard money for a fix-and-flip in Fountain Valley?

Accepted Answer

Yes — that's the primary use case. Lenders fund acquisition and often fund rehab draws as work progresses.

Question 4

What's a typical loan term for hard money?

Accepted Answer

Most hard money loans run 6–24 months. They're short-term by design — you refinance or sell before the term ends.

Question 5

How are hard money rates different from conventional rates?

Accepted Answer

Hard money rates run significantly higher than conventional. Rates vary by borrower profile and market conditions — you're paying for speed and flexibility.

Question 6

Do hard money lenders fund the renovation costs too?

Accepted Answer

Many do, through a draw schedule tied to completed work. Not all lenders offer this — confirm rehab funding before you commit.

Hard Money Loans in Fountain Valley, CA