Question 1

How fast can a hard money loan close in Chino?

Accepted Answer

Most hard money deals close in 5-10 business days. The appraisal and title work drive the timeline.

Question 2

Do I need good credit for a hard money loan?

Accepted Answer

Credit is reviewed but rarely the deciding factor. Lenders focus on the property value and your exit strategy.

Question 3

What loan-to-value will lenders approve in San Bernardino County?

Accepted Answer

Most hard money lenders cap at 65-70% of after-repair value. The deal's equity cushion protects the lender.

Question 4

Can I use hard money to buy and rehab in Chino?

Accepted Answer

Yes. Acquisition plus rehab funding is the core use case. Draw schedules for rehab funds are standard.

Question 5

What's the typical loan term for a hard money loan?

Accepted Answer

Most terms run 6 to 24 months. Extensions are possible but cost you additional fees.

Question 6

How do hard money rates compare to conventional loans?

Accepted Answer

Hard money rates run significantly higher. Investors accept that tradeoff for speed and flexible approval. Rates vary by borrower profile and market conditions.

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