Loading
Loading
Lompoc sits in Santa Barbara County with a mix of older housing stock and undervalued properties. That combination draws real estate investors looking for fix-and-flip and buy-and-hold opportunities.
Hard money loans are asset-based. The lender cares about the property value, not your tax returns. That speed matters when you're competing for a deal.
9% – 13%+
Typical Rate Range
600s (flexible)
Min Credit Score
Up to 70% of ARV
Max Loan-to-ARV
6 – 24 months
Typical Loan Term
2 – 4 points typical
Origination Fees
Hard Money Loans in Lompoc
Hard money lenders focus on your property's after-repair value (ARV). ARV is what the home will be worth after renovations are complete. Most lenders fund 65–70% of ARV.
Credit score requirements are loose compared to conventional loans. Many lenders approve borrowers with scores in the 600s. Your exit strategy matters more than your FICO.
Local decision guide
Use this guide to connect hard money loans eligibility, lender expectations, and local market factors before comparing payment options in Lompoc.
Lompoc sits in Santa Barbara County with a mix of older housing stock and undervalued properties. That combination draws real estate investors looking for fix-and-flip and buy-and-hold opportunities.
Hard money loans are asset-based. The lender cares about the property value, not your tax returns. That speed matters when you're competing for a deal.
Hard money lenders focus on your property's after-repair value (ARV). ARV is what the home will be worth after renovations are complete. Most lenders fund 65–70% of ARV.
Hard money is a wholesale market. Retail banks don't play here. You need a broker or direct lender who specializes in investment property deals.
Rates vary widely across lenders. Some charge heavy origination fees with lower rates. Others flip that structure. Comparing total cost of capital matters more than rate alone.
Most investors in smaller Central Coast markets like Lompoc get burned by timeline. They assume hard money closes fast everywhere. It closes fast when your deal is clean.
Have your ARV comps ready before you apply. Lenders here want to see your numbers, not just your enthusiasm. A solid scope of work speeds up every part of underwriting.
DSCR loans are better for stabilized rentals generating income. Hard money is for the acquisition and rehab phase, before the property cash-flows. These two loans often work in sequence.
Bridge loans overlap with hard money but typically carry lower rates and stricter qualification. If you can qualify for a bridge loan, it's usually cheaper. Hard money trades cost for speed and flexibility.
Lompoc has a distinct economy tied to Vandenberg Space Force Base. That base creates steady rental demand. Investors who rehab and hold here can tap into that consistent tenant pool.
Santa Barbara County appraisals can be conservative in smaller markets. Your ARV comps need to be tight and local. Pull recent sales within two miles and similar square footage.
Most hard money loans close in 7–14 days when the deal is clean. Have your property details, ARV comps, and exit strategy ready before you apply.
Most don't verify income at all. They underwrite based on the property's value and your experience as an investor.
Most terms run 6–24 months. These are short-term loans designed for rehab or acquisition, not long-term holds.
Yes, for acquisition and rehab. Once the property is stabilized, most investors refinance into a DSCR loan for long-term financing.
ARV stands for after-repair value — what your property is worth after renovations. Lenders base your loan amount on ARV, not the current purchase price.
Yes, significantly. Rates vary by borrower profile and market conditions, but hard money costs more because lenders move fast and skip standard underwriting.