Loading
Hard Money Loans in Fort Jones
Fort Jones sits in a rural corner of Siskiyou County where conventional financing moves slower than investor opportunities. Hard money fills the gap when you need to close on a distressed property in 7-14 days.
Most hard money deals here involve rural land, fixer-uppers, or properties that won't pass traditional appraisals. Banks won't touch these—private lenders will.
Lenders care about one thing: the property's after-repair value. Your credit score might be 550. You might have three bankruptcies. If the numbers work on the flip, you can get funded.
Expect to put 20-30% down and show a realistic exit strategy. Lenders want to see how you'll pay them back in 6-12 months—either through a sale or refinance into conventional debt.
Hard money lenders in rural Northern California charge 9-14% interest plus 2-4 points upfront. Higher than Sacramento or Bay Area rates because they're pricing in location risk and smaller loan sizes.
We work with private lenders who actually understand Siskiyou County values. National hard money shops often won't touch properties this far north or require inflated equity cushions.
Fort Jones hard money deals usually involve one of three scenarios: auction purchases, estate sales, or inherited properties that need major work. Speed matters because these opportunities don't wait for 45-day conventional approvals.
The math has to work before you call us. If you're buying at $150K and putting $50K into repairs, your ARV needs to hit at least $260K for lenders to fund 70-75% LTV on the purchase.
Bridge loans cost less but require better credit and slower closing timelines. DSCR loans work for rental holds but won't fund major renovations upfront like hard money does.
Hard money is the most expensive capital you'll use—but it's also the fastest and most flexible. Use it to acquire and stabilize, then refinance into cheaper long-term debt within a year.
Siskiyou County appraisals take longer than metro markets—sometimes 2-3 weeks to find comparable sales. Hard money lenders often use desktop valuations or broker price opinions to move faster.
Limited contractor availability can stretch timelines. Factor this into your exit strategy when lenders ask how you'll repay in 12 months. Miss your timeline and extension fees add up quickly.
Most lenders fund in 7-14 days once we submit a complete package. Rural appraisals sometimes add 3-5 days compared to urban markets.
Expect 20-30% down on the purchase price. Lenders fund based on 65-75% of after-repair value, so your equity requirements depend on renovation scope.
Yes. Hard money lenders focus on property value and your exit plan, not credit scores. We've closed deals for borrowers with 550 credit and multiple bankruptcies.
Some lenders escrow repair funds and release them in draws as work completes. Others only finance the purchase, requiring you to fund renovations separately.
Most lenders offer 6-12 month extensions at 1-2% of the loan balance per extension. Plan your timeline conservatively to avoid these fees stacking up.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.