Question 1

How fast can a hard money loan close in Santee?

Accepted Answer

Most close in 7–14 days. Having a clean appraisal and title ready cuts that timeline further.

Question 2

Can I use hard money for a rental property in Santee?

Accepted Answer

Yes, but it's a short-term hold tool. Plan to refinance into a DSCR loan once the property is stabilized.

Question 3

What loan-to-value ratio can I expect?

Accepted Answer

Most lenders go up to 65–75% of after-repair value on flips. Stabilized rentals may get slightly higher LTV.

Question 4

Do hard money lenders check income in Santee deals?

Accepted Answer

Most don't require income verification. The property value and your exit strategy are the underwriting focus.

Question 5

What happens if my project runs over schedule?

Accepted Answer

You can often extend the loan for a fee. Build buffer time into your plan — extensions cost money.

Question 6

Is hard money a good fit for first-time investors?

Accepted Answer

It can work, but lenders prefer borrowers with at least one completed deal. Partner with an experienced investor if it's your first flip.

Hard Money Loans in Santee, CA