Question 1

How fast can a hard money loan close in San Juan Capistrano?

Accepted Answer

Most hard money lenders can close in 7–14 days. Speed depends on how quickly you deliver the property details and appraisal.

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. A strong asset can overcome a weaker credit profile.

Question 3

Can I use hard money to buy and renovate in San Juan Capistrano?

Accepted Answer

Yes — this is the primary use case. Lenders fund acquisition and often fund rehab draws as work is completed.

Question 4

What's a typical hard money loan term?

Accepted Answer

Terms run 6–24 months. These are short-term loans. You need a clear exit — resale or refinance — before you close.

Question 5

Are hard money rates fixed or adjustable?

Accepted Answer

Most hard money loans carry fixed rates for the loan term. Rates vary by lender, asset, and borrower profile — no guarantees on specific terms.

Question 6

What's the difference between points and interest rate on hard money?

Accepted Answer

Points are upfront fees paid at closing — one point equals 1% of the loan. They add to your true cost, separate from the stated interest rate.

Hard Money Loans in San Juan Capistrano