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Morgan Hill sits at the southern edge of Santa Clara County. That position makes it attractive to investors who find San Jose prices too steep.
Fix-and-flip and buy-and-hold deals both work here. Hard money gives investors the speed to compete without waiting on bank timelines.
7–14 Days
Typical Close Time
65–75% of ARV
Max Loan-to-Value
~600+
Min Credit Score
12–24 Months
Loan Term
None
Income Docs Required
Hard Money Loans in Morgan Hill
Hard money lenders care about the property, not your tax returns. Your credit score matters less than the deal's numbers.
Most lenders want 25-35% equity in the deal. They lend based on after-repair value (ARV) — what the home is worth after renovation.
Local decision guide
Use this guide to connect hard money loans eligibility, lender expectations, and local market factors before comparing payment options in Morgan Hill.
Morgan Hill sits at the southern edge of Santa Clara County. That position makes it attractive to investors who find San Jose prices too steep.
Fix-and-flip and buy-and-hold deals both work here. Hard money gives investors the speed to compete without waiting on bank timelines.
Hard money lenders care about the property, not your tax returns. Your credit score matters less than the deal's numbers.
Hard money lenders are not banks. They're private capital sources — funds, family offices, and individual investors.
Most retail banks won't touch these deals. As a broker with 200+ wholesale lenders, we find programs built specifically for California investors.
The deals that fall apart are usually underwritten on purchase price, not ARV. Know your exit before you borrow.
We see Morgan Hill investors use hard money to acquire quickly, then refinance into a DSCR loan once the property stabilizes. That two-step strategy works.
Bridge loans are similar but often cheaper. They work better when the property is already in decent shape.
DSCR loans are long-term. Hard money is short-term. Use hard money to get in, DSCR to hold. Construction loans cover ground-up builds — hard money handles existing structures.
Morgan Hill has older housing stock mixed with newer subdivisions. Older homes create renovation opportunity — the kind hard money is built for.
Santa Clara County permit timelines can be slow. Factor that into your hold period. Most hard money terms run 12-24 months, so plan your renovation schedule tightly.
Many hard money deals close in 7-14 days. The timeline depends on title, appraisal, and lender pipeline.
Most hard money lenders want at least a 600, but some go lower. The property's value matters more than your score.
Yes — fix-and-flip is the most common hard money use case. Lenders base the loan on your ARV and renovation plan.
Rates vary by borrower profile and market conditions. Hard money rates are higher than conventional — expect a meaningful premium for the speed and flexibility.
Most lenders allow extensions for a fee. Plan your timeline conservatively — extensions cost money.
No. You'll typically need 25-35% into the deal as a down payment or equity. Full financing is rare.