Hard money is short-term, asset-based financing secured by the Garden Grove property — funded in days, based on equity not income. Typical: ~9.5–15% rate, 1.5–4 points, 65–75% LTV, 6–24 months. Ideal to add an ADU, renovate an older home, or bridge — then refinanced. Full program details.
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How hard money works
A hard money lender cares first about the property and its equity, not your tax returns. Because approval skips lengthy income underwriting, funds can arrive in days. The higher rate and points are the cost of speed — fine, because it's a short-term tool: acquire or improve, then refinance into a conventional or DSCR loan, or sell.
When Garden Grove owners use it
✓ Great for
- Adding an ADU for rental income or family
- Renovating an older, attainable home
- Value-add investment projects
- Bridge: buy before you sell
✗ Not ideal for
- Long-term hold with no exit plan
- Buyers with time for standard financing
- Lowest-possible-rate seekers
- Deals with thin equity
Typical terms (2026)
| Feature | Typical |
|---|---|
| Basis | Property & equity — not income; as-is OK |
| Rate | ~9.5–15% |
| Points | ~1.5–4 |
| LTV | ~65–75% |
| Term | ~6–24 months |
| Exit | Refi to DSCR/conventional, or sell |
Terms vary by lender, deal & equity; illustrative for 2026, not an offer. ADU rules vary; confirm independently.
Hard money FAQs
What is it?
Short-term, asset-based financing secured by the property.
Fund an ADU?
Yes — build it, rent it, refi into DSCR/conventional on the new rent.
Older homes?
Yes — funds as-is purchase + renovation, then refinance.
Typical terms?
~9.5–15% rate, 1.5–4 pts, 65–75% LTV, 6–24 mo. Illustrative.
Offer it here?
Yes — with a DSCR or conventional exit.
Save Financial is a California-licensed mortgage brokerage (NMLS #377740, DRE #01875766), serving Garden Grove from its Newport Beach office. ADU and permitting rules are set by state and local government and change; confirm independently.