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.
For a property in Clearlake, California, start with the purchase price, scope of work, current comparable sales, and planned exit. Local conditions vary by parcel and should be verified before making an offer.
Discuss acquisition, rehab, and rental financing with a loan officer. Program suitability depends on the property and borrower rather than the city name alone. Local pocket coverage includes Downtown Clearlake, Lakeshore, Clearlake Park, Anderson Springs border and adjacent Clearlake submarkets.
Illustrative property value: $295K · Illustrative financing range: $191K – $368K · Programs to discuss: fix-and-flip and DSCR rental
These model-generated examples use a county reference value and a property-market multiplier. They are not measured city medians, current market quotes, appraisals, or evidence of loans funded. Actual loan sizing depends on the property, acquisition and rehab costs, and underwriting.
Loan sizing depends on property valuation, acquisition and rehab costs, borrower qualifications, and program limits. The $191K to $368K range below is an illustration, not funded-loan history or an offer.
Options to discuss include fix-and-flip and DSCR rental, subject to eligibility and underwriting. A loan officer can review whether bridge, construction, commercial, or DSCR financing fits your property and exit strategy.
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