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Hard Money Loans in Vacaville
Vacaville's investor market runs on speed. Hard money loans fund in 7-14 days versus 30-45 for conventional financing.
Fix-and-flip projects dominate Solano County investor activity. Hard money bridges the gap between purchase and refinance when properties need serious work.
Most Vacaville deals involve older homes needing updates. Traditional lenders won't touch properties with foundation issues or outdated electrical—hard money will.
Investors compete with cash buyers in this market. Hard money gives you cash-equivalent speed without liquidating your portfolio.
Hard money qualification focuses on the deal, not your W-2. Lenders analyze after-repair value and your exit strategy—that's it.
Most Vacaville hard money lenders require 20-30% down and proof of renovation experience. First-time flippers get approved but expect higher rates.
Credit scores matter less than conventional loans. We close deals with 580 scores regularly if the property math works.
You need a clear exit plan: refinance to DSCR loan, sell the property, or cash-out from another asset. Lenders want to see how you're paying them back in 12-24 months.
SRK CAPITAL works with 15+ hard money lenders active in Solano County. Rates range from 8.5% to 13% depending on loan-to-value and borrower experience.
Local portfolio lenders move fastest but have smaller loan caps. National hard money shops fund larger projects but add 3-5 days to closing timelines.
Most lenders cap at 65-70% of after-repair value. Conservative appraisals mean your renovation budget needs realistic contingency—plan for 15% cost overruns.
Points vary wildly: 2-4 points upfront is standard. Lower rates usually mean higher points, so calculate your total cost of capital before choosing.
Vacaville investors make money on the buy, not the loan. I see borrowers obsess over 1% rate differences while overpaying $30K on purchase price.
Your renovation timeline drives everything. A 6-month flip should use different financing than a 14-month gut rehab—term length affects total interest paid more than rate.
Most first-time flippers underestimate holding costs. Factor in loan payments, property taxes, insurance, and utilities when calculating profit margins.
Hard money works best for projects where speed matters or the property won't qualify for traditional financing. Using it for turnkey rentals usually wastes money—DSCR loans cost less.
Bridge loans offer lower rates but require better credit and more documentation. Hard money trades cost for speed and flexibility—you pick your priority.
DSCR loans beat hard money rates by 3-5% but take 30 days to close and require habitable properties. Great for your refinance exit, terrible for acquisitions.
Construction loans fund renovations cheaper but won't cover purchase price. Many Vacaville investors use hard money to buy, then convert to construction financing for major rehabs.
Conventional investor loans require 15-25% down but cost half what hard money does. Problem: they won't fund properties needing $50K+ in repairs.
Vacaville's proximity to Travis Air Force Base creates steady rental demand. Hard money investors often flip to military renters or refinance into long-term DSCR loans.
Solano County permit timelines run 6-10 weeks for major work. Your hard money term needs to account for inspection delays—12-month terms beat 6-month for safety.
Older neighborhoods near downtown offer the best flip margins. These properties rarely qualify for FHA or conventional financing, making hard money essential for acquisition.
Appraisers in Solano County lean conservative on after-repair values. Budget for 5-10% less ARV than your contractor estimates—lenders fund based on appraiser opinion, not yours.
Most hard money lenders close in 7-14 days with clear title and property inspection. All-cash equivalent speed gives you negotiating leverage with sellers.
Lenders approve deals with 580+ credit scores regularly. Your property's value and exit strategy matter more than credit history for approval.
Yes, but expect 1-2% higher rates than experienced flippers pay. Showing construction knowledge or partnering with a contractor helps pricing.
Rates vary by borrower profile and market conditions, typically 8.5-13%. Lower loan-to-value ratios and strong exit plans secure better pricing.
Most lenders hold renovation funds in escrow and release them as work completes. They fund 80-100% of rehab costs within the overall LTV limit.
Most lenders offer 6-12 month extensions with additional fees. Build timeline cushion into your initial term—extensions cost more than longer original terms.
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.