Question 1

How fast can I close a hard money loan in Dorris?

Accepted Answer

Hard money can close in 7–14 days with a complete file. Rural properties may take slightly longer due to appraisal scheduling in Siskiyou County.

Question 2

Does my credit score matter for hard money approval?

Accepted Answer

It matters less than the deal. Most hard money lenders want 600+, but the property's value and your equity position carry more weight.

Question 3

What loan-to-value do hard money lenders allow in rural California?

Accepted Answer

Most rural hard money deals cap at 65–70% of ARV. Thinner comps in Siskiyou can push lenders to require more equity from you.

Question 4

Can I use hard money to buy land in Dorris?

Accepted Answer

Raw land hard money is rare and expensive. Most lenders want an existing structure or active construction. Land-only deals face heavy scrutiny.

Question 5

What happens if I can't sell or refi before the loan matures?

Accepted Answer

Extensions are available but cost money — usually fees plus a rate bump. Have your exit plan ready before you close, not after.

Question 6

Are hard money rates higher than conventional loans?

Accepted Answer

Yes, significantly. Hard money rates reflect short-term risk and fast funding. Rates vary by borrower profile and market conditions.

Hard Money Loans in Dorris, CA — Fast Capital for Investors