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Hard Money Loans in Vallejo
Vallejo's distressed property inventory creates opportunities hard money lenders fund daily. Downtown cores near the waterfront and Mare Island see steady fix-and-flip activity.
Most Vallejo hard money deals close in 7-14 days versus 45-60 for conventional financing. Speed matters when competing for foreclosures and estate sales in Solano County.
Lenders focus on the property's after-repair value, not your tax returns. Most require 20-30% down and fund based on the asset itself.
Credit scores matter less than your exit strategy. Lenders want to see comparable sales and a realistic renovation budget with contractor bids.
Hard money rates in Vallejo run 9-14% with 2-4 points upfront. Terms typically span 6-18 months—long enough to renovate and sell.
Not all lenders touch Vallejo properties under $200K or in specific zip codes. We know which 15-20 lenders actively fund Solano County deals without geographic restrictions.
The borrowers who struggle get quotes from one lender and assume that's the market. We've seen rate spreads of 3-4% on identical Vallejo properties across our lender network.
Your renovation budget determines loan amount more than purchase price. Lenders advance funds in draws tied to construction milestones—budget padding kills deals.
Bridge loans offer slightly lower rates but require stronger credit and more documentation. Hard money trades higher cost for speed and flexibility.
DSCR loans work for buy-and-hold investors planning to rent. Hard money fits active flippers who need capital now and plan to exit in under 12 months.
Vallejo permit timelines affect your holding costs. City processing can add 4-8 weeks to renovation schedules—factor that into your loan term request.
Mare Island properties sometimes trigger environmental reviews that delay draws. North Vallejo neighborhoods near Highway 37 see faster permit approvals and better comps for refinancing.
Most lenders fund in 7-14 days once you provide property details and renovation budget. Some close in 5 days for cash-out scenarios with clean title.
Most lenders accept 600+ credit scores, some go lower. The property's value and your experience matter more than your FICO score.
Yes, but only as bridge financing until you refinance into a long-term loan. Hard money rates make holding beyond 18 months prohibitively expensive.
Most order a desktop appraisal or broker price opinion focused on after-repair value. Full appraisals add 7-10 days to closing timelines.
Lenders typically cap at 65-75% of after-repair value. A $400K ARV property might qualify for $260K-$300K depending on your down payment.
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.