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Saratoga sits in one of the most expensive zip codes in Santa Clara County. Properties here move fast and carry premium price tags.
Hard money loans are asset-based. The lender cares about the property's value — not your tax returns or pay stubs.
7–14 Days
Typical Close Time
~600
Min Credit Score
65–75% of ARV
Typical LTV
6–24 Months
Loan Term
Usually None
Income Docs Required
Hard Money Loans in Saratoga
Most hard money lenders want 25–35% equity or a down payment in that range. Your credit score matters less than the deal itself.
Lenders will order an appraisal or BPO to confirm the property's current and after-repair value. That number sets your loan ceiling.
Local decision guide
Use this guide to connect hard money loans eligibility, lender expectations, and local market factors before comparing payment options in Saratoga.
Saratoga sits in one of the most expensive zip codes in Santa Clara County. Properties here move fast and carry premium price tags.
Hard money loans are asset-based. The lender cares about the property's value — not your tax returns or pay stubs.
Most hard money lenders want 25–35% equity or a down payment in that range. Your credit score matters less than the deal itself.
Hard money isn't available at your local bank. These loans come from private lenders and specialty funds.
Rate and fee structures vary wildly. One lender might charge 10% with 2 points. Another quotes 12% with no points. Shopping matters.
Saratoga properties rarely need aggressive negotiation. Sellers hold leverage here. A fast close with hard money wins deals.
Watch your exit strategy before you close. Will you sell or refi? In Santa Clara County, most investors refi into DSCR or conventional once the project stabilizes.
Bridge loans and hard money are close cousins. Bridge loans often have slightly better terms for borrowers with strong credit.
DSCR loans are cheaper long-term but take 3–4 weeks to close. Hard money can fund in 7–10 days. Speed is the trade-off.
Saratoga has strict zoning and permit requirements. Factor permit timelines into your rehab schedule — delays cost you interest.
High property values in Santa Clara County mean larger loan amounts. Confirm your lender's maximum loan size before committing to a deal.
Most hard money loans close in 7–14 days. That speed is the main reason investors use them in fast-moving markets like Saratoga.
Credit matters less than the property's value. Most hard money lenders set a minimum around 600, but the deal structure is what drives approval.
Rates vary by borrower profile and market conditions. Expect double-digit rates in most cases, plus origination points paid upfront at closing.
Yes — fix-and-flip is the most common use case. Lenders will lend against both the purchase price and renovation costs, based on the ARV.
You can usually request a loan extension, but it comes with fees. Plan a buffer into your timeline before you close.
Most investors either sell the property or refinance into a DSCR or conventional loan. Have that plan locked before you take the hard money.