California Residential Hard Money Loans

Source Capital offers a unique combination of strict regulatory compliance, experience, and flexibility. Our loans come without the legal surprises other lenders present, ensuring your protected throughout the whole process.

• We’re DRE-licensed to ensure we meet all California Financing Law requirements
• Our local underwriters have a first-person experience with the California real estate markets where we offer hard money loans
• Our mobile-friendly portal allows you to secure upload documents and check the status of your loan so you can stay in the loop

Transparent timelines, predictable costs, and proactive communication separate Source Capital from the competition.

If you’re a real estate investor, there are several reasons you might want to consider a California residential hard money loan. Hard money loans are structured differently than conventional loans and have different eligibility requirements. Here are some of the benefits you should consider:

• Approval and Funding Times: Since we don’t have to do a deep dive into your credit and income history, we can approve and fund your loan in as little as 7–10 days where conventional loans can take weeks or months to fund.
• High Leverage: Hard money loans give you access to loans up to 65% LTV, helping you maximize your purchasing power.
• Interest-Only Payments: Minimize monthly costs with interest-only payments, then pay the full balance in a lump sum at the end of your loan.
• Milestone Draws: Rehab funds are disbursed with each completed inspection, giving you the funding you need to stay on top of your schedule and budget.
• Credit-Friendly Structure: We use your DSCR instead of your FICO score to approve your loan, so you can get approved even if you don’t meet traditional credit score requirements.

California residential hard money loans can help you take advantage of time-sensitive deals and stay competitive in fast-moving markets.

Applying for a California hard money loan through Source Capital is simple. Our easy loan application process only takes a few minutes, and you can get your loan funded and approved in just 7–10 days. Here’s how it works.

Online Prequalification (1–2 hours)  

The first step is completing the brief online application on our website. You can also call us if you’d prefer to apply over the phone. To complete your application, you’ll need:

• The property address
• The desired loan amount
• Personal details including your name and address

Document Submission (1–3 days)  

Once you submit your application, you can use our secure online portal to submit supporting documents. Here’s what you’ll need to submit:

• Investment Deals: As-is appraisal, detailed contractor bids, and renovation scope of work
• Owner-Occupied: As-is appraisal, detailed contractor bids, renovation scope of work, two years of bank statements, and income verification

Appraisal & Underwriting (2–5 days)  

After a local appraiser confirms the value of your property, underwriters will model the ARV, review your budget, and verify your exit plan. You’ll receive an approval letter outlining the exact terms of your loan.

Signing & Disclosure (Same day)  

The next step is signing the loan documents to secure your loan. E-signatures allow you to sign documents remotely from anywhere in California, so you don’t have to travel to sign anything or deal with delays in the closing process.

Funding (Within 24 hours of signing)  

Once you’ve signed your loan documents, we’ll fund your loan within 24 hours of signing. Funds can be wired to an escrow or builder account, and future rehab draws are based on milestone inspections.