Question 1

How fast can a hard money loan close in Colfax?

Accepted Answer

Most hard money loans close in 7-14 days. Speed depends on the appraisal turnaround and title work in Placer County.

Question 2

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

Accepted Answer

Most lenders cap at 65-75% of the property's as-is value. Renovation draws are based on after-repair value.

Question 3

Can I use hard money for a fix-and-flip in Colfax?

Accepted Answer

Yes — fix-and-flip is exactly what hard money is built for. You buy, renovate, sell, and repay the loan.

Question 4

What are typical hard money interest rates?

Accepted Answer

Rates run significantly higher than conventional loans. Rates vary by borrower profile and market conditions.

Question 5

Do I need good credit for a hard money loan?

Accepted Answer

Credit matters less than the deal itself. Most lenders want a 600+ score, but a strong property can offset a weak profile.

Question 6

What happens if I can't pay off the hard money loan in time?

Accepted Answer

Extensions are possible but costly. Have a backup exit plan — refinance or sale — before you borrow.

Hard Money Loans in Colfax, CA — Fast Capital for Investors