Question 1

How fast can a hard money loan close in Apple Valley?

Accepted Answer

Most deals close in 7-14 days. Have your purchase contract and property info ready to move quickly.

Question 2

Do I need good credit for a hard money loan?

Accepted Answer

Credit matters less than the deal. Some lenders approve borrowers at 550. The property value drives the decision.

Question 3

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

Accepted Answer

Most cap at 65-75% of the property's after-repair value. The stronger your deal, the better your terms.

Question 4

Can I use hard money to buy and flip in Apple Valley?

Accepted Answer

Yes — fix-and-flip is the primary use case. You'll need a clear exit plan before any lender commits.

Question 5

What happens if my flip takes longer than expected?

Accepted Answer

Most lenders offer extensions for a fee. Build buffer into your timeline so you're not caught off guard.

Question 6

How is a hard money loan different from a DSCR loan?

Accepted Answer

Hard money is short-term and asset-based. DSCR is a long-term rental loan based on the property's income.

Hard Money Loans in Apple Valley, CA