Question 1

How fast can I close with hard money in Adelanto?

Accepted Answer

Most lenders close in 7-14 days once you submit property details. Some specialized lenders close in 5 days for premium rates. Speed depends on having your renovation plan ready.

Question 2

What down payment do I need for Adelanto investment properties?

Accepted Answer

Expect 20-35% down depending on the property condition and your experience. Heavier rehabs require larger down payments. First-time flippers typically need 30-35% down.

Question 3

Can I get hard money with bad credit?

Accepted Answer

Yes. Hard money approval focuses on property value and your exit plan, not credit scores. Poor credit increases your rate by 1-2% but rarely disqualifies you.

Question 4

What interest rates should I expect in Adelanto?

Accepted Answer

Rates run 8-13% depending on loan-to-value and experience. You'll also pay 2-4 points upfront. Experienced investors with conservative LTV get the best pricing.

Question 5

How long can I keep a hard money loan?

Accepted Answer

Most hard money loans run 6-24 months. Plan to refinance or sell before maturity. Some lenders offer extensions for 1-2% fees if your project runs long.

Question 6

Do hard money lenders fund renovation costs?

Accepted Answer

Many lenders include rehab budgets in the loan amount. They may hold funds in escrow and release based on work milestones. Total loan based on ARV, not current value.

Hard Money Loans in Adelanto: Fast Capital for High Desert Investment Properties