Question 1

How fast can hard money close in Ventura County?

Accepted Answer

Many hard money deals close in 7–14 days. Speed depends on property condition and how quickly you provide documentation.

Question 2

Do I need good credit for a hard money loan?

Accepted Answer

Credit matters less here than with conventional loans. Lenders focus on the deal — property value and your equity position.

Question 3

What's a typical hard money loan term?

Accepted Answer

Most run 6–24 months. These are short-term tools, not permanent financing.

Question 4

Can I use hard money to buy a primary residence?

Accepted Answer

Hard money is designed for investment properties. Owner-occupied purchases face stricter federal lending rules.

Question 5

What is ARV and why does it matter?

Accepted Answer

ARV means after-repair value — what the property is worth after renovation. Lenders base loan amounts on ARV, not purchase price.

Question 6

How do renovation draws work on hard money loans?

Accepted Answer

Lenders release funds in stages tied to completed work. You draw money as each renovation phase is finished and inspected.

Hard Money Loans in San Buenaventura, CA