Loading
Hard Money Loans in Roseville
Roseville's steady investor activity creates consistent demand for hard money financing. Fix-and-flip projects in established neighborhoods and rental acquisitions near the Galleria area keep private lenders active in Placer County.
These asset-based loans close in 7-14 days versus 30-45 for conventional financing. That speed matters when bidding against cash buyers or racing to secure distressed properties before other investors.
Lenders underwrite the property's after-repair value, not your W-2 income. A 580 credit score gets approved if the deal math works. Most require 20-30% down and charge 9-14% interest.
You need a clear exit strategy—refinance to conventional, sell after renovation, or pay off from another source. Lenders want to see your track record with flips or strong contractor plans for first-timers.
We work with 15+ hard money lenders who fund Placer County deals. Some specialize in quick purchases, others in heavy rehab with construction draws. Rates and terms vary significantly based on loan-to-value and project scope.
Local lenders often close faster on Roseville properties they know well. National funds offer higher leverage but slower approvals. Shopping multiple sources on your specific deal saves 1-3 points in fees.
Most Roseville investors use hard money for 6-12 months, then refinance to DSCR loans for rental holds. That two-step approach lets you move fast on acquisition, then lock in permanent financing once rehab proves value.
Watch the total cost structure. A 12% rate with 2 points beats 10% with 5 points if you're exiting in nine months. Run the actual dollar cost based on your timeline, not just the rate.
Bridge loans offer similar speed but require stronger borrower profiles. DSCR loans cost less but take 21-30 days to close. Hard money wins when timing trumps rate or when your credit blocks conventional paths.
For rental holds beyond 12 months, start with DSCR instead. For occupied purchases where you can wait 30 days, conventional or FHA saves thousands. Hard money solves specific problems—fast closings and distressed properties.
Roseville's permit timelines affect hard money costs. Downtown historic district projects face longer approval windows, extending your interest carry. Subdivisions like Fiddyment Farm or West Roseville move faster through planning.
Property values in West Park, Stoneridge, and areas near Sierra College justify higher loan amounts from conservative lenders. Older stock near Douglas Boulevard requires experienced contractors to hit ARV projections that satisfy underwriting.
Most lenders close in 7-10 business days once they receive title and appraisal. Cash-out refinances on existing properties can fund in 5 days if title is clean.
Expect 20-30% down on purchase hard money in Placer County. Some lenders go to 80% LTV for experienced investors with strong exit strategies.
Hard money works for investment properties only. For owner-occupied purchases, FHA or conventional loans offer far better rates and require less equity.
Rates run 9-14% depending on leverage, property condition, and your experience. Points range from 2-5% of loan amount at closing.
No. Lenders approve 580+ credit scores if property value and exit strategy are solid. They care more about the asset than your FICO.
Yes. Construction hard money releases funds in draws as work completes. Budget for higher rates during the full renovation period.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.