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Hard Money Loans in Ceres
Ceres sits in the middle of Stanislaus County's investor corridor—older homes, strong rental demand, and price points that still make sense for fix-and-flip projects.
Hard money works here because you're competing with cash buyers on distressed properties. Banks won't touch homes that need major rehab, but private lenders will.
Hard money lenders focus on the deal, not your W-2. They care about after-repair value (ARV), your equity position, and whether the numbers pencil out.
Most lenders want 20-30% down, proof you can fund the rehab, and a clear exit strategy. Your credit score matters less than your track record.
SRK Capital shops 200+ lenders to find hard money terms that actually work for your project timeline and budget.
Rates vary widely—anywhere from 8% to 14% depending on loan-to-value, property condition, and borrower experience. Points range from 2-4 at closing.
Most Ceres investors use hard money for the purchase, then refinance to a DSCR loan once the property is rent-ready. That's the play.
Watch your all-in costs. If you're paying 11% with 3 points on a $250K loan, that's $7,500 upfront plus $2,300/month. Your ARV needs to support those numbers.
Hard money costs more than every other loan type, but it buys speed and flexibility. No appraisal delays, no underwriting conditions, no explaining tax returns.
Bridge loans offer similar speed with slightly better rates if the property is habitable. DSCR loans work once it's rented. Hard money fills the gap between purchase and stabilization.
Ceres has solid rental fundamentals—proximity to Modesto, agricultural employment base, and working-class demand. That makes the hard-money-to-DSCR strategy viable.
Watch permit timelines with the city. Delays on electrical or foundation work can blow your holding costs when you're paying 10% interest.
Most deals close in 5-10 days once you have a purchase contract and basic property details. Some lenders fund in 72 hours for experienced borrowers.
You request an extension, typically at 1-2 points plus continued interest. Budget for at least one extension when planning your project timeline.
Yes. Most lenders accept credit scores in the 500s if the deal works. They base approval on property value and equity, not your FICO.
Typically 70-75% of ARV, which translates to roughly 80-85% of purchase price on a good deal. Higher LTV possible with more experience.
Hard money lets you preserve cash for the rehab and control multiple projects. All-cash works if you have it and want to avoid interest costs.
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.