Question 1

How fast can I close on a hard money loan in Santa Rosa?

Accepted Answer

Most deals close in 7-14 days once we have a purchase contract and basic property info. Complicated title situations can add a week.

Question 2

What's the typical down payment for Santa Rosa investment properties?

Accepted Answer

Expect 20-30% down depending on property condition and your experience. First-time flippers usually need closer to 30%.

Question 3

Can I use hard money for a primary residence renovation?

Accepted Answer

Hard money is designed for investment properties. For owner-occupied renovations, FHA 203k or conventional renovation loans offer better rates and terms.

Question 4

What happens if my Santa Rosa flip takes longer than expected?

Accepted Answer

Most lenders offer 6-12 month extensions for 1-2 points. Build those potential costs into your initial profit calculations.

Question 5

Do hard money lenders care about my income or tax returns?

Accepted Answer

No. Approval is based on the property's current value and projected after-repair value. Your income doesn't factor into the decision.

Hard Money Loans in Santa Rosa: Fast Financing for Fix-and-Flip Projects