Clearlake is the largest city in Lake County, spread along the southeastern shore of Clear Lake, the largest natural freshwater lake entirely within California and a magnet for bass fishing, boating, and lakeside recreation. The city grew as an affordable resort and retirement area, and its housing reflects that: modest older homes and cabins around Downtown Clearlake and Clearlake Park, lakeshore properties along the water, and parcels stretching toward the Anderson Springs border. Some of the lowest home prices in Northern California draw value-seeking buyers, retirees, and investors from the pricier Bay Area and wine-country markets nearby.
Fidelity Funding lends directly across Lake County and understands the value-add and rental opportunities in an affordable market like Clearlake. Because our loans are asset-based, we underwrite the property and the plan rather than a borrower's income file, which fits investors renovating inexpensive homes or holding rentals. We close in five to ten business days, fund up to 90% of purchase plus 100% of rehab, and offer DSCR loans for steady local demand. Reach a decision-maker directly at (877) 300-3007.
Clearlake fits the classic suburban California fix-and-flip profile: a $295K median, predictable comp sets, and a deep first-time-buyer pool.
Most Clearlake loans we fund are standard cosmetic or cosmetic-plus-kitchens flips with predictable 4 to 6 month timelines and clean comp sets. Local pocket coverage includes Downtown Clearlake, Lakeshore, Clearlake Park, Anderson Springs border and adjacent Clearlake submarkets.
Estimated local median: $295K · Typical loan range: $191K – $368K · Top program: fix-and-flip and DSCR rental
Most Clearlake private money loans we fund range from $191K to $368K, sized against an estimated local median around $295K. Loans outside that range are case-by-case based on parcel and scope.
For Clearlake, our highest-volume program is fix-and-flip and DSCR rental. We also fund bridge, construction, commercial, and DSCR rental scenarios in this market.
Yes. Our lending starts at $50K, which comfortably covers Clearlake's affordable homes while still funding rehab on an asset basis.
Yes. DSCR loans qualify on the property's income, which suits lakeshore rentals serving Clear Lake's fishing and recreation visitors.
Absolutely. We underwrite your renovation plan and exit, funding up to 90% of purchase and up to 100% of rehab on aging Clearlake properties.
Typically five to ten business days, and as fast as five to seven once title and valuation clear.
Fidelity Funding Corp · Direct California private money lender since 2006
450 N Brand Blvd, 6th Floor · Glendale, CA 91203 · Mon-Fri 8AM-6PM PT