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Hard Money (Fix n Flip) Loan
A Hard Money Loan is a short-term real estate financing option commonly used by real estate investors to purchase, renovate, and flip properties quickly. Unlike traditional mortgages, these loans are asset-based, meaning approval is primarily based on the property’s value rather than the borrower’s income or credit score. Hard money loans offer fast funding, making them ideal for house flippers, fix-and-flip projects, and real estate developers who need quick access to capital without the delays of traditional loan approvals. If you’re an investor looking for fast real estate financing, a hard money loan could be the perfect solution.
A Reliable Home Loan You Can Trust.
Fast Approval and Funding
Receive funds quickly, often within days, to secure investment opportunities.
Flexible Underwriting
Qualification focuses on the property’s value and potential, not just your credit.
Covers Renovation Cost
Many loans include funds for property improvements, boosting resale value.
No Long-Term Commitment
Short loan terms let you exit once the property is sold.
Loan Guidelines
If your details are near these guidelines, we encourage you to apply or reach out. Even if you don’t qualify for a 30-year fixed-rate mortgage, we may have other options available.
The Home
Purchase a new home or refinance your current mortgage.
Credit Profile
A credit score above 620 is typically required.
Debt-to-Income
Your debt-to-income ratio (DTI) should be under 50%.
Closing Costs
Along with your down payment, you’ll need sufficient funds to cover closing costs.
Explore Your Potential
Our calculators help you understand and visualize your options
Mortgage Calculator
Planning to buy a home? Calculate your estimated monthly payments, including taxes and insurance.
Refinance Calculator
Considering refinancing your mortgage? Find out how much you could save.
Frequently Asked Questions
Have questions? We’ve got answers! Explore our FAQ section to find helpful information about loans, refinancing, and more. If you don’t see what you’re looking for, feel free to contact us—we’re here to help!
Who are Hard Money loan best for?
Hard Money Loans are ideal for real estate investors who want to purchase, renovate, and quickly sell properties for profit. These loans are designed for short-term financing needs and are based on the property’s value rather than the borrower’s creditworthiness.
How do Hard Money loan work?
Hard Money Loans are typically provided by private lenders or investment groups. They offer quick funding, using the property’s value as collateral. The loan term is usually short (6–24 months), and funds can be used to purchase and renovate a property. Repayment often involves interest-only payments with a balloon payment at the end of the term.
What are pros and cons of a Hard Money loan?
Pros:
- Quick approval and funding.
- Flexible qualification requirements, focusing on the property’s value.
- Ideal for short-term investment projects like house flips.
Cons:
- Higher interest rates and fees compared to traditional loans.
- Short repayment periods.
- Risk of losing the property if unable to repay.
Can I get a Hard Money Loan without prior flipping experience?
Yes, though some lenders prefer borrowers with a proven track record. First-time flippers may need a larger down payment or additional documentation to secure funding.