Question 1

How fast can I close a hard money loan in San Jose?

Accepted Answer

Most hard money loans close in 7–14 days. Speed depends on property appraisal and how quickly you provide deal details.

Question 2

Do I need good credit to qualify?

Accepted Answer

Credit matters less than the deal itself. Some lenders approve borrowers below 600 if the property equity is strong.

Question 3

What loan-to-value ratio should I expect?

Accepted Answer

Most hard money lenders in California cap LTV at 65–70%. Higher equity means a stronger approval position.

Question 4

Can I use hard money for a fix-and-flip in San Jose?

Accepted Answer

Yes — fix-and-flip is the most common use case. Lenders will underwrite to the after-repair value of the property.

Question 5

What happens when the hard money loan term ends?

Accepted Answer

You sell, refinance into a DSCR or conventional loan, or pay it off. You need a clear exit strategy before funding.

Question 6

How much does a hard money loan cost?

Accepted Answer

Expect higher rates than conventional loans plus 1–4 origination points. Rates vary by borrower profile and market conditions.

Hard Money Loans in San Jose — Fast Capital for Serious Investors