Question 1

How fast can a hard money loan close in Montclair?

Accepted Answer

Most hard money loans close in 5-14 days. Speed depends on how quickly the property appraisal and title work are completed.

Question 2

What loan-to-value can I get on a Montclair fix-and-flip?

Accepted Answer

Most lenders go up to 65-75% of ARV. The stronger your rehab plan and exit strategy, the better your terms.

Question 3

Do I need good credit to get hard money in San Bernardino County?

Accepted Answer

Credit matters less than the deal itself. Lenders focus on property value and your equity contribution, not your W-2.

Question 4

What are typical hard money loan terms?

Accepted Answer

Most are 6-24 month terms. They're designed to be paid off through a sale or refinance — not held long-term.

Question 5

Can I use hard money to buy and hold a rental in Montclair?

Accepted Answer

You can acquire with hard money, but you'll need to refinance into a DSCR or conventional loan quickly. Hard money costs too much to hold long.

Question 6

What fees should I expect on a hard money loan?

Accepted Answer

Origination points typically run 2-4%. Expect lender fees, appraisal costs, and higher interest rates than conventional financing. Rates vary by borrower profile and market conditions.

Hard Money Loans in Montclair, CA