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Hard Money Loans in Fairfield
Fairfield's investor market attracts flippers targeting distressed properties in established neighborhoods and newer subdivisions. Hard money loans fund these deals in days, not weeks.
Most Fairfield hard money deals close in 7-14 days with minimal income verification. Lenders focus on the property's after-repair value, not your W-2.
Solano County's lower acquisition costs compared to nearby Bay Area counties make Fairfield attractive for investors seeking higher margins. Speed matters when competing with cash buyers.
Hard money lenders underwrite the deal, not your tax returns. They want to see a viable exit strategy and sufficient equity in the property.
Expect to put down 20-30% and prove the property's after-repair value supports the loan. Credit scores matter less than your track record and the numbers.
Most lenders require a clear renovation plan with budget and timeline. First-time flippers face higher rates and larger down payments than experienced investors.
We work with 25+ hard money lenders who fund Fairfield deals. Rates range from 8-14% with points between 2-5%, depending on loan-to-value and borrower experience.
Some lenders specialize in light cosmetic rehabs while others fund full gut renovations. Knowing which lender fits your project saves thousands in fees.
Local private lenders often move fastest but charge more. National hard money shops offer better rates but longer underwriting timelines and stricter property condition requirements.
The investors who succeed in Fairfield know their exit before they close. Hard money works for six-month flips or bridge financing until you refinance into DSCR.
Never carry hard money longer than necessary. These loans cost 10-15% annually when you factor in points and interest—your profit margin evaporates fast.
I see too many first-timers underestimate renovation timelines. Budget an extra 30 days and add contingency funds because hard money extension fees destroy deals.
Bridge loans offer similar speed but typically cost less if you qualify. Hard money wins when you need maximum leverage or the property won't pass traditional inspection.
DSCR loans beat hard money rates by 3-5% but require the property to generate rent. They work for your next deal after you've renovated and leased the property.
Construction loans fund major rehabs at lower rates but take 30-45 days to close. Hard money makes sense when you need to close fast and the renovation timeline is under six months.
Fairfield properties in Green Valley and Rancho Solano attract hard money lenders easily. Older neighborhoods near downtown require stronger renovation plans to secure funding.
Solano County permits move slower than Sacramento or Contra Costa. Factor permitting delays into your timeline because hard money lenders won't extend for free.
Proximity to Travis Air Force Base affects exit strategy. Lenders want to see clear demand data for your target buyer pool—military families, commuters, or local buyers.
Most deals close in 7-14 days with complete documentation. We've funded Fairfield properties in five days when the appraisal and title work move quickly.
Expect 20-30% down depending on your experience and the property condition. First-time flippers typically need 30% while seasoned investors qualify at 20%.
Yes, most lenders approve borrowers with scores as low as 550 if the deal makes sense. Your credit matters less than the property's value and your exit plan.
Rates vary by borrower profile and market conditions. Currently, experienced investors see 8-10% while newer borrowers pay 11-14% plus origination points.
No, these are asset-based loans focused on property value, not your W-2. Lenders want your renovation budget and exit strategy, not tax returns.
You'll pay extension fees, typically 1-2% of the loan amount per month. Always budget extra time and contingency funds before taking hard money.
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.