Question 1

How fast can I close a hard money loan in Daly City?

Accepted Answer

Most deals close in 10-14 days. Cash purchases with clear title close in 7 days. Lenders need a property appraisal and title report before funding.

Question 2

What credit score do I need for hard money?

Accepted Answer

Most lenders approve scores as low as 500. The property's value matters more than your credit history. Expect higher rates below 600.

Question 3

Can I use hard money for a primary residence?

Accepted Answer

No. Hard money loans fund investment properties only. Use FHA or conventional loans for homes you plan to live in.

Question 4

What's the typical interest rate in San Mateo County?

Accepted Answer

Rates range from 9-14% as of February 2026. Your rate depends on loan-to-value, property condition, and exit timeline. Rates vary by borrower profile.

Question 5

Do I need a down payment for hard money?

Accepted Answer

Yes. Lenders advance 65-75% of property value. You cover the rest as down payment plus closing costs and upfront points.

Question 6

Can I get a hard money loan with a recent bankruptcy?

Accepted Answer

Yes. Most lenders accept borrowers one day out of bankruptcy. The property's equity determines approval, not your credit events.

Hard Money Loans in Daly City — Fast Funding for Investment Properties