Question 1

How fast can I close a hard money loan in Huntington Beach?

Accepted Answer

Many hard money lenders close in 5-10 business days. Speed depends on the lender and how quickly you provide property details.

Question 2

What loan-to-value will hard money lenders allow?

Accepted Answer

Most lenders cap at 60-70% of after-repair value. The stronger your exit strategy, the better your terms.

Question 3

Do I need good credit to get a hard money loan?

Accepted Answer

Credit is reviewed but rarely the deciding factor. The property's value and your exit plan matter far more.

Question 4

Can I use hard money to buy a rental property in Huntington Beach?

Accepted Answer

You can, but it's expensive for a long hold. Most investors refinance into a DSCR loan once renovation is done.

Question 5

What are typical hard money loan terms in Orange County?

Accepted Answer

Terms usually run 6-24 months. Rates vary by borrower profile and market conditions.

Question 6

What fees should I expect on a hard money loan?

Accepted Answer

Expect origination points, typically 2-4, plus standard closing costs. Budget these into your deal from day one.

Hard Money Loans in Huntington Beach, CA