Question 1

How fast can a hard money loan close in Suisun City?

Accepted Answer

Many hard money lenders close in 7–14 days. Speed depends on how quickly you deliver the property details and your scope of work.

Question 2

Do I need good credit for a hard money loan?

Accepted Answer

Credit matters less than the deal. Lenders focus on the property's value and your exit plan — not your W-2 or credit score.

Question 3

What's a typical hard money loan term?

Accepted Answer

Most run 12–24 months. They're designed to be short — you renovate, then sell or refinance into a long-term loan.

Question 4

Can I use hard money to buy a rental property in Suisun City?

Accepted Answer

Yes, but it's expensive long-term. Buy and rehab with hard money, then refinance into a DSCR loan once the property is stabilized.

Question 5

What does ARV mean and why does it matter?

Accepted Answer

ARV is after-repair value — what your property is worth post-renovation. Lenders base your loan amount on this number.

Question 6

How many points do hard money lenders charge?

Accepted Answer

Typically 2–4 points upfront, plus higher interest rates than conventional loans. Rates vary by borrower profile and market conditions.

Hard Money Loans in Suisun City, CA