Question 1

How fast can a hard money loan close in Mount Shasta?

Accepted Answer

Many hard money loans close in 7-14 days. Speed depends on title, appraisal, and lender — not underwriting queues.

Question 2

Do I need good credit to qualify?

Accepted Answer

Credit matters less than the property's value and your exit plan. Most hard money lenders focus on collateral, not credit scores.

Question 3

What property types work for hard money in Siskiyou County?

Accepted Answer

Fix-and-flips, vacation rentals, and land deals are common. The property must have clear value the lender can underwrite.

Question 4

What happens when the hard money loan term ends?

Accepted Answer

You sell the property or refinance into a longer-term loan like a DSCR or conventional. You need a clear plan before closing.

Question 5

Are hard money rates higher than conventional loans?

Accepted Answer

Yes. Rates are significantly higher because the loan is short-term and higher risk. Rates vary by borrower profile and market conditions.

Question 6

Can I use hard money to buy land in Mount Shasta?

Accepted Answer

Some hard money lenders will fund raw land at conservative LTVs. Not all lenders do — this is where shopping 200+ lenders matters.

Hard Money Loans in Mount Shasta, CA