Program Highlight
No stated minimum FICO score*
Subject to the actual loan program, transaction facts and applicable law.
California Only • Purchase • Refinance • Case-by-Case Review
Owner-Occupied Hard Money Loan Options in California
Need to purchase or refinance an owner-occupied property but traditional financing has become difficult? Accelerated Lending Group helps California borrowers and mortgage professionals evaluate specialized financing options, including scenarios involving challenging credit histories, nontraditional documentation or substantial property equity.
CURRENT: Conventional lender guidelines may not fit the borrower or transaction.
COST: Delays may put a purchase, refinance or planned use of funds at risk.
DESIRED: A responsible financing path with clear costs and a workable repayment plan.
BRIDGE: ALG reviews the property, loan purpose, occupancy, borrower qualifications and potential lender programs.
COST: Delays may put a purchase, refinance or planned use of funds at risk.
DESIRED: A responsible financing path with clear costs and a workable repayment plan.
BRIDGE: ALG reviews the property, loan purpose, occupancy, borrower qualifications and potential lender programs.
Owner-Occupied 1–4 UnitsCredit ChallengesITIN May Be ConsideredCalifornia Only
California Owner-Occupied Program Highlights
The following are highlights from the supplied program information. Every starred feature is subject to lender guidelines, legal eligibility and case-by-case approval; none is a blanket waiver of underwriting requirements.
Program Highlight
No stated tradeline requirement*
Subject to the actual loan program, transaction facts and applicable law.
Program Highlight
No stated reserve requirement*
Subject to the actual loan program, transaction facts and applicable law.
Program Highlight
No seasoning of down payment or closing costs*
Subject to the actual loan program, transaction facts and applicable law.
Program Highlight
No stated rate-and-term or cash-out seasoning*
Subject to the actual loan program, transaction facts and applicable law.
Program Highlight
Gift funds may be considered*
Subject to the actual loan program, transaction facts and applicable law.
Program Highlight
No rate locks advertised
Subject to the actual loan program, transaction facts and applicable law.
Program Highlight
No prepayment or early payoff penalties advertised*
Subject to the actual loan program, transaction facts and applicable law.
Program Highlight
Late payments may be considered*
Subject to the actual loan program, transaction facts and applicable law.
Program Highlight
Prior foreclosure or bankruptcy may be considered*
Subject to the actual loan program, transaction facts and applicable law.
Program Highlight
LLC or corporation ownership may be considered where legally and programmatically eligible*
Subject to the actual loan program, transaction facts and applicable law.
Program Highlight
First-time homebuyers may be considered*
Subject to the actual loan program, transaction facts and applicable law.
Program Highlight
ITIN borrowers may be considered*
Subject to the actual loan program, transaction facts and applicable law.
Purchase, Rate-and-Term & Cash-Out Refinance
Advertised ranges from the supplied program information; final LTV and loan amount depend on valuation, property and borrower review.
| Loan Purpose | Advertised LTV | Loan Amount | Important Notes |
|---|---|---|---|
| Purchase | 65%–70%* | $100,000–$2,000,000* | Subject to case-by-case approval; seller contributions may be considered. |
| Rate & term refinance | 60%* | $100,000–$2,000,000* | Subject to case-by-case approval and valuation. |
| Cash-out refinance | 60%* | $100,000–$2,000,000* | Subject to case-by-case approval, loan purpose and equity. |
Example only: At a $500,000 appraised value, a 65% LTV loan would equal $325,000 before fees, payoffs or other adjustments. This is arithmetic, not a financing quote or approval.
What Underwriters Still Need to Review
Property
Value & Condition
Marketability, appraisal, condition, insurance, title and existing liens.
Borrower
Income & Credit
Financial circumstances, repayment ability when required, credit events and acceptable documentation.
Compliance
Purpose & Occupancy
Consumer-purpose versus genuine business-purpose classification and all applicable mortgage rules.
Structure
Vesting & Borrower Type
Individual, trust or entity ownership must be permitted for the particular program and purpose.
Repayment
Payment & Exit Plan
A credible repayment strategy and loan structure appropriate to the borrower's circumstances.
Costs
Rates & Disclosures
Actual rate, APR where applicable, fees, payment terms and required consumer disclosures.
Initial Submission Checklist
For mortgage originators and applicants: submit a complete package when requested. Not every item applies to every loan; additional documentation may be required.
Required or Common Documents
- Initial Submission Form & Checklist
- Complete Uniform Residential Loan Application (1003), MISMO 3.4 when available
- Credit report dated within 60 days, all pages
- Valid driver’s license or acceptable photo ID
- Social Security card or ITIN documentation, as applicable
- Most recent 30 days of pay stubs, when applicable
- Two most recent years of W-2s or 1099s, when applicable
- Two most recent years of complete tax returns, when required
As Applicable
- Pension award letter, if applicable
- Social Security benefit verification or award letter, if applicable
- Divorce decree and evidence of child support received, if used to qualify
- Fully executed purchase agreement, for purchases
- Property insurance documentation
- Most recent mortgage statement, for refinances
- Statement of Information form
Submission process: The file is reviewed upon receipt; missing items may be requested. Incomplete packages are not submitted for final approval. After conditional approval, an updated list of outstanding conditions may be provided. Material changes from the initial submission can affect eligibility, terms, rates or approval.
Broker Toolbox — Downloadable Forms
Use the source program's forms below. Links open externally; confirm the current version with ALG before submitting.
Indicative File Review & Closing Milestones
The following are turn-time targets stated in the supplied program, not guaranteed service levels or closing commitments.
| Milestone | Advertised Target | Notes |
|---|---|---|
| New purchase file — LE / underwriting | 1–2 business days | After receipt of a sufficiently complete package |
| New refinance file — LE / underwriting | 1–2 business days | Subject to documentation and workload |
| Conditions review | 1–2 business days | After outstanding conditions are submitted |
| Clear-to-close / closing disclosure issuance | 1–2 business days | Subject to approval and applicable disclosure rules |
| Loan documents | Schedule at least 3 business days after signed CD | Actual required waiting periods depend on applicable law and delivery/receipt timing |
Important: The timing of a Closing Disclosure and consummation is governed by applicable law; a signed CD does not, by itself, determine the earliest permissible closing date.
Owner-Occupied Hard Money Loan FAQs
Select a question for details.
The supplied program highlights state that no minimum FICO score is required, subject to lender review. Credit history, ability to repay where applicable, property and other factors may still affect eligibility.
Such circumstances may be reviewed case by case. They do not guarantee eligibility, and the lender must evaluate the full application.
The supplied program describes a minimum of $100,000 and loan amounts up to $2 million, subject to underwriting and program availability.
The supplied highlights describe purchase financing up to 65%–75% LTV and rate-and-term or cash-out refinancing up to 60%–70% LTV, case by case. These are not guaranteed limits.
The supplied program highlights say first-time buyers and ITIN borrowers may be considered, subject to program rules, documentation and applicable law.
The supplied program lists LLC and corporation eligibility, but actual eligibility depends on title, occupancy, loan purpose, lender rules and applicable consumer mortgage protections. This must be confirmed before proceeding.
Start with the initial submission form, a completed 1003, credit report, identity documentation, income documents when applicable, property details, insurance and transaction-specific documents.
The supplied page lists typical targets of one to two business days for new-file and condition review. These are estimates, not guarantees; appraisal, disclosures, title and underwriting can change the timeline.
California Licensing & Important Disclosures
Accelerated Lending Group • 5330 Office Center Ct, Suite 58, Bakersfield, CA 93309 • Company NMLS 1563471 • California DRE 02022124.
* Advertised program highlights, LTV ranges, documentation flexibilities, loan amounts and turn times are subject to lender guidelines, legal requirements, availability and case-by-case approval. No minimum score or seasoning statement should be interpreted as eliminating required credit, ability-to-repay or other underwriting review. Owner-occupied consumer-purpose and bona fide business-purpose loans have different legal requirements; classification cannot be determined merely by using an LLC or describing the loan as hard money. All loans are subject to property marketability, quality, condition, valuation, title, insurance and underwriting. Programs, rates, fees and terms may change without notice. No guarantee of approval, funding or closing timeline. This information is not a commitment to lend.