Question 1

What credit score do I need for hard money in La Habra?

Accepted Answer

Most lenders ignore credit entirely and focus on deal quality and experience. Scores below 600 may trigger higher rates or lower LTV, but deals still close.

Question 2

How fast can I close on a La Habra flip property?

Accepted Answer

We close hard money loans in 7-14 days once you provide property details and renovation plan. Cash-out situations may take 10-12 days for appraisal.

Question 3

Can I use hard money to buy and hold in La Habra?

Accepted Answer

Technically yes, but 9-14% interest kills cash flow. Plan to refinance into a DSCR loan within 6-12 months if keeping as rental.

Question 4

What down payment do La Habra hard money lenders require?

Accepted Answer

Expect 20-30% down based on purchase price. Experienced flippers sometimes negotiate 15% down on strong deals under $600K.

Question 5

Do hard money lenders fund renovation costs upfront?

Accepted Answer

Most release rehab funds in draws as work completes. Expect 3-4 inspections throughout the project with funds released after each phase.

Question 6

How does La Habra's location affect hard money terms?

Accepted Answer

Border position means lenders pull comps from LA and Orange counties. Strong comparable sales in both markets support higher ARV justifications.

Hard Money Loans in La Habra: Fast Funding for Orange County Fix-and-Flip Projects