Question 1

How fast can a hard money loan close in Laguna Hills?

Accepted Answer

Many hard money lenders close in 7-14 days. Have your property info and down payment ready before you submit.

Question 2

What credit score do I need for hard money?

Accepted Answer

Most lenders set a soft floor around 600, but the deal quality matters more. Strong ARV can offset a weaker score.

Question 3

Can I use hard money for a rental property purchase?

Accepted Answer

Yes, but it's a short-term bridge. Plan your exit — either a sale or refinance into a DSCR loan.

Question 4

What are typical hard money rates in Orange County?

Accepted Answer

Rates vary by borrower profile and market conditions. Expect higher rates than conventional loans, plus 1-3 points at origination.

Question 5

Does the property need to be in good condition?

Accepted Answer

No. Hard money lenders routinely fund distressed properties. They lend against ARV, not current condition.

Question 6

How are rehab funds disbursed?

Accepted Answer

Typically in draws tied to completed work. Each lender has a different schedule — confirm this before signing.

Hard Money Loans in Laguna Hills, CA