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Del Mar's coastal real estate moves fast. Buyers competing for homes above the $1,104,000 conforming limit often need capital quickly. Hard money funds either fast closes before conventional clears or renovation-heavy purchases.
San Diego County's median household income of $102,285 supports homes in the $700,000–$900,000 range comfortably. Above that, hard money becomes a bridge tool for investors and buyers with equity but limited liquidity.
7–14 days
Typical Close
8–12%
Interest Rate Range
65–80%
LTV Typical
620+
FICO Floor
2–5 points
Origination Fees
Hard Money Loans in Del Mar
Hard money lenders in California care about collateral first, credit second. You'll need a FICO of 620 or higher, but the emphasis is on the property's equity and exit strategy.
A Del Mar buyer with $500,000 in equity can tap that to fund a $1,200,000 purchase or renovation. San Diego County's $102,285 median household income is a reference point—hard money doesn't require you to prove income, but lenders do verify that you can...
Local decision guide
Use this guide to connect hard money loans eligibility, lender expectations, and local market factors before comparing payment options in Del Mar.
Del Mar's coastal real estate moves fast. Buyers competing for homes above the $1,104,000 conforming limit often need capital quickly. Hard money funds either fast closes before conventional clears or renovation-heavy purchases.
San Diego County's median household income of $102,285 supports homes in the $700,000–$900,000 range comfortably. Above that, hard money becomes a bridge tool for investors and buyers with equity but limited liquidity.
Hard money lenders in California care about collateral first, credit second. You'll need a FICO of 620 or higher, but the emphasis is on the property's equity and exit strategy.
California's hard money market is dominated by private lenders and specialized finance companies. Unlike banks, they underwrite on collateral and exit strategy—not employment history.
Closing timelines run 7–14 days for pre-approved borrowers with clear title and a solid exit plan. Rates typically range from 8–12% depending on LTV, property condition, and your track record. Origination fees run 2–5 points.
Hard money makes sense in Del Mar above the $1,104,000 conforming limit when fast closes are needed. It also fits properties that need work and that traditional lenders won't touch.
It doesn't make sense if you're a first-time buyer with stable income and a clean property. A conventional loan at $1,104,000 or an FHA loan below that will cost you less over time.
Conventional loans at or below $1,104,000 offer lower rates and 30-year amortization—but they take 30–45 days to close and require full income documentation.
If you're buying a $1,200,000 fixer-upper and need to close in two weeks, hard money wins. If you're buying a move-in-ready home at $950,000 and can wait 45 days, conventional saves you tens of thousands in interest. The choice depends on speed versus cost.
Del Mar's coastal location and limited inventory mean competition is fierce. Homes above $1,104,000 often receive multiple offers within days.
The area's median home price sits well above the conforming limit. Hard money is a practical bridge tool for buyers with equity elsewhere who need liquidity now.
Typical close is 7–14 days for pre-approved borrowers with clear title and a solid exit plan. Conventional loans take 30–45 days. Speed is hard money's main advantage in a competitive market.
Hard money lenders focus on collateral and exit strategy, not employment history. Plan on a FICO of 620+ and clear equity, with no W-2s or tax returns required.
Rates run 8–12% depending on loan-to-value, property condition, and your experience. Origination fees add 2–5 points upfront. Rates are higher than conventional because the loan term is short (12–24 months) and the underwriting is faster.
Yes, but it's rarely the best choice. Hard money works for investors and experienced buyers with equity and a clear exit plan. First-time homebuyers should explore conventional or FHA loans—they'll cost less over time.
Typically 20–40% depending on property condition and your track record. Lenders focus on loan-to-value (65–80% typical) rather than a fixed down-payment percentage. Collateral quality matters more than the exact amount down.