Question 1

How fast can a hard money loan close in Sonora?

Accepted Answer

Many hard money loans close in 7–14 days. That speed depends on a clean title and ready documentation.

Question 2

Do I need good credit to qualify?

Accepted Answer

Credit matters less than the property's value and your equity position. Most lenders focus on the asset.

Question 3

What properties qualify for hard money in Tuolumne County?

Accepted Answer

Single-family, multi-family, and mixed-use investment properties generally qualify. Primary residences typically do not.

Question 4

What is ARV and why does it matter?

Accepted Answer

ARV means after-repair value — what the property is worth once fixed. Lenders base loan amounts on ARV.

Question 5

Can I refinance out of a hard money loan?

Accepted Answer

Yes. Most investors refinance into a DSCR or conventional loan after the renovation is complete.

Question 6

How much does hard money cost compared to conventional?

Accepted Answer

Expect higher rates and 1–3 points in fees. The cost is the price of speed and flexible underwriting. Rates vary by borrower profile and market conditions.

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