Texas Investor Loans

 

 
  • Loan Size:
  • Loan Term:
  • Property Type:
  • Occupants:

Fix & Flip

9.99%* Int Rate
  • Loan Size: $25,000-$1mm
  • Loan Term: 6 Months
  • Property Type: 1-4 Family
  • Occupants: Non-Owner Occupied

Rental

6.99%* Int Rate
  • Loan Size: $25,000-$250,000
  • Loan Term: 5, 20, 30 Year Options
  • Property Type: 1-4 Family
  • Occupants: Non-Owner Occupied

Wrapable

8.49%* Int Rate
  • Loan Size: $25,000-$250,000
  • Loan Term: 20 Years
  • Property Type: 1-4 Family
  • Occupants: Non-Owner Occupied

Hard Money Loans

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What is it-

Hard money loans or "bridge loans" are based on the asset, rather than your credit score or financial history. The loan amount is determined by the "after-repair-value". These loans are perfect for fix and flip projects.

How does it work-

Most investors only lend to non-owner occupied projects, meaning they do not lend to borrowers who need funds for their private homes. These loans only last for a short period of time, typically 6-12 months.

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Why use it-

  • Speed- Hard money loans close much quicker than private loans. Once all documents are completely filled out, pre-approvals usually come within 48 hours.
  • Qualification- Since hard money loans are based on the asset, not the borrower, your credit score is not a big deal making it easier for anyone to get a loan.
  • Efficient- Our process is simple. Just fill out an application, once it is filled out we send it to our underwriters and they determine the loan amount. We stay in close contact, and our professional team will provide you with prompt service.

When to use it-

The perfect time to consider a hard money loan rather than a bank loan is when you need quick access. Banks search for collateral, good credit, and cash flow. Moreover, banks will make you go through a rigorous application and take time to make a decision.
If you previously decided to go with a bank lender and they did not approve you due to your credit score a hard money loan is the way to go. Simply for the fact that credit scores are not that big of a deal in the hard money loan process.

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