Question 1

How fast can a hard money loan close in Garden Grove?

Accepted Answer

Many hard money deals close in 5-10 business days. Having your property details and exit strategy ready speeds the process.

Question 2

Do I need good credit for a hard money loan?

Accepted Answer

Credit matters less than the deal. Lenders focus on property value and your equity position — not your W-2.

Question 3

What properties qualify for hard money in Garden Grove?

Accepted Answer

Single-family, multifamily, and mixed-use properties all qualify. The lender cares about the asset's value and your rehab plan.

Question 4

What is ARV and why does it matter?

Accepted Answer

ARV means After Repair Value — the projected value after renovation. Hard money lenders use it to set your max loan amount.

Question 5

Can I refinance a hard money loan into a DSCR loan?

Accepted Answer

Yes. This is one of the most common exit strategies. Once the property is stabilized, a DSCR loan offers better long-term terms.

Question 6

What are typical hard money loan terms in Orange County?

Accepted Answer

Terms usually run 6 to 24 months. Rates vary by borrower profile and market conditions — shopping lenders makes a real difference.

Hard Money Loans in Garden Grove, CA