Discover Top Hard Money Lenders in Phoenix

Are you looking to kickstart your real estate investment in Phoenix with a hard money loan? Whether your goal is to flip a bungalow in the Roosevelt Historic District or purchase a rental property in Arcadia, hard money lenders in Phoenix provide the quick funding and flexible terms you need. These loans serve as an alternative to traditional financing — especially useful for projects requiring fast turnaround times or for those with less-than-perfect credit.

For homeowners needing to bridge the gap between purchasing a new home and selling their current one, this article provides valuable alternatives to leverage your home’s equity. Ahead, we’ll cover the basics of hard money lending in Phoenix, helping you decide if this financial strategy fits your investment or home-buying needs.

Start Making Offers Without Waiting to Sell Your Home

Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency.

Learn More

Editor’s note: This post is for educational purposes and is not intended to be construed as financial advice. HomeLight always encourages you to consult your own advisor.

What is a hard money lender?

A hard money lender is a private individual or company offering short-term loans secured by real estate. Unlike traditional lenders, who emphasize the borrower’s credit history and income, hard money lenders in Phoenix focus on the value of the property being used as collateral. Their clients often include house flippers and those buying rental properties, seeking quick access to funds with flexible terms.

Hard money lenders use the after-repair value (ARV), which is the estimated value of a property after renovations, to determine loan amounts. Typically, they offer a percentage of the ARV to ensure a secure and profitable investment. These loans usually have higher interest rates, ranging from 8% to 15%, and shorter repayment periods, often between 6 to 24 months. Additional costs may include origination fees, closing costs, and points paid upfront. If a borrower fails to repay the loan, the lender can seize the property to recover their investment.

How does a hard money loan work?

Hard money loans can offer the speed and flexibility needed to act on promising investment opportunities in Phoenix. Here’s a breakdown of how these loans work:



from HomeLight Blog https://www.homelight.com/blog/buyer-hard-money-lenders-phoenix/

Nhận xét

Đăng nhận xét

Bài đăng phổ biến từ blog này

How to Sell My House Fast in Washington DC: Cash Offer Options

Hình ảnh
Selling your home in the bustling Washington, D.C. area can feel like a daunting task, especially when you’re on a tight deadline. If you’re a homeowner faced with the need for a fast sale, you may be weighed down by questions and uncertainty. This guide is designed to help you navigate the real estate market in D.C. when time is of the essence. We’ll explore options such as getting a cash offer for your home and partnering with a top real estate agent. We’ll also provide expert tips to help sell your Washington, D.C. house faster. Sell Your District of Columbia House Fast With an All-Cash Offer Get an all-cash, no-obligation offer on your District of Columbia home through HomeLight’s Simple Sale platform whenever you’re ready. Receive your offer in as little as a week and close in as few as 10 days. No showings, no repairs, no open houses. Step 1: Request Offer Why you might need to sell your Washington, D.C. house fast Sometimes, life throws curveballs that demand quick d
Đọc thêm

6 Reasons to Move to Brentwood, CA: Why You’ll Love Living Here

Hình ảnh
Nestled in the East Bay region just east of San Francisco, Brentwood, CA, is a hidden gem that blends small-town charm with the amenities and opportunities of big-city living. Known for its idyllic weather, high quality of life, and ample outdoor recreation, Brentwood has plenty to offer everyone looking to call it home. From its rich agricultural history and focus on local produce to its robust calendar of community events, there are countless reasons to consider a move to this thriving city. So, if you’re looking for homes for sale in Brentwood , apartments for rent , or are just curious about what the area has to offer, this Redfin guide is for you. To give you a taste, here are 6 reasons to move to Brentwood, CA, and why you’ll love living here.  1. Weather Brentwood has a Mediterranean climate , making it popular for people who love plenty of sunlight and limited rainfall. Winters are generally mild and wet, while summers are hot and dry with cool evenings. This kind of w
Đọc thêm

Buying a Mediterranean Style House: Luxury Living or Not Worth the Trouble?

Hình ảnh
You’re reading through the MLS listing of a new potential home, and you see “Mediterranean house” advertised front and center. Right away, your mind takes you to the seaside villas of Spain and Italy with red-tile roofs and gorgeous courtyards. A life of romance and leisure is undoubtedly ahead. Sounds great, right? It definitely can be, but beyond the mosaic tiling and rustic charm, there’s a lot more to Mediterranean houses. The Mediterranean-style home America knows so well dates back to the early 20th century and has seen fluctuations in its popularity over the last few decades. The style provides an excellent indoor-outdoor living balance, and the light, earthy tones give off a welcoming warmth. But, depending on your location and needs, the potential challenges may just cause more headaches than dreamy nights. So how do you know if a Mediterranean home is the right fit for you? We talked to real estate agents and architects with over 50 years of combined experience, and we sc
Đọc thêm