Question 1

How fast can a hard money loan close in Exeter?

Accepted Answer

Many deals close in 7–14 days. Speed depends on how quickly the property can be valued and paperwork submitted.

Question 2

Do I need good credit to qualify?

Accepted Answer

Not necessarily. Hard money lenders focus on the property's value. Credit history matters less than your equity in the deal.

Question 3

What's a typical loan term for hard money?

Accepted Answer

Most hard money loans run 6 to 24 months. They're short-term by design — meant to bridge to a sale or refinance.

Question 4

Can I use hard money to buy and renovate a property?

Accepted Answer

Yes. That's the most common use case. Some lenders will fund both acquisition and rehab costs in a single loan.

Question 5

What is ARV and why does it matter?

Accepted Answer

ARV means after-repair value — what the property will be worth once work is done. Lenders use it to set your max loan amount.

Question 6

Are hard money rates higher than conventional loans?

Accepted Answer

Yes, significantly. Rates vary by borrower profile and market conditions, but hard money carries a premium for speed and flexibility.

Hard Money Loans in Exeter, CA — Fast Capital for Investors