Question 1

How fast can hard money close in Morgan Hill?

Accepted Answer

Many hard money deals close in 7-14 days. The timeline depends on title, appraisal, and lender pipeline.

Question 2

What credit score do I need for hard money?

Accepted Answer

Most hard money lenders want at least a 600, but some go lower. The property's value matters more than your score.

Question 3

Can I use hard money for a fix-and-flip in Morgan Hill?

Accepted Answer

Yes — fix-and-flip is the most common hard money use case. Lenders base the loan on your ARV and renovation plan.

Question 4

What's a typical hard money interest rate in California?

Accepted Answer

Rates vary by borrower profile and market conditions. Hard money rates are higher than conventional — expect a meaningful premium for the speed and flexibility.

Question 5

What happens if my project runs over the loan term?

Accepted Answer

Most lenders allow extensions for a fee. Plan your timeline conservatively — extensions cost money.

Question 6

Do hard money lenders fund 100% of the deal?

Accepted Answer

No. You'll typically need 25-35% into the deal as a down payment or equity. Full financing is rare.

Hard Money Loans in Morgan Hill, CA