Question 1

How fast can I close on a hard money loan in Barstow?

Accepted Answer

Most hard money lenders fund in 5-10 business days once you have a purchase contract. Some close in 72 hours if you provide all documents upfront and the property appraises.

Question 2

What credit score do I need for hard money financing?

Accepted Answer

Most lenders don't have minimum credit requirements. They focus on your equity position and exit plan, not your FICO score or income history.

Question 3

Can I use hard money to hold a Barstow rental long-term?

Accepted Answer

Hard money rates make long-term holding expensive. Plan to refinance into a DSCR loan within 6-12 months once renovations finish and the property cash flows.

Question 4

What's the typical loan-to-value on Barstow investment properties?

Accepted Answer

Lenders fund 65-75% of after-repair value. On a property worth $200K after rehab, expect a loan around $130K-$150K depending on your experience and exit strategy.

Question 5

Do hard money lenders cover renovation costs?

Accepted Answer

Most lenders hold renovation funds in escrow and release them as work completes. You'll need cash reserves to start the project before draws release.

Hard Money Loans in Barstow – Fast Funding for Fix-and-Flip and Investment Properties