Question 1

How fast can a hard money loan close in Camarillo?

Accepted Answer

Most hard money deals close in 7-14 days. That speed is the whole point of the product.

Question 2

Do I need good credit to get a hard money loan?

Accepted Answer

Not necessarily. Lenders focus on the property's value. A 580 credit score can still get a deal done.

Question 3

What's the typical loan term for hard money in Ventura County?

Accepted Answer

Most loans run 6 to 24 months. These are short-term tools — not long-term financing.

Question 4

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

Accepted Answer

Yes. Fix-and-flip is one of the most common uses. Loan sizing is based on the after-repair value.

Question 5

What's the difference between hard money and a DSCR loan?

Accepted Answer

Hard money is faster and asset-based. DSCR loans are cheaper but require a performing rental property.

Question 6

How much do I need to put down for a hard money loan?

Accepted Answer

Expect 25-35% equity in the deal. Some lenders adjust based on the property and your track record.

Hard Money Loans in Camarillo, CA