Hard Money Lenders Houston: Fast and Flexible Loans

Are you looking to finance your next real estate project in Houston with a hard money loan? Whether you’re eyeing a fixer-upper in The Heights or planning to invest in a commercial property in Downtown, hard money lenders in Houston offer a flexible and speedy alternative to traditional financing. These loans are particularly useful for investors needing quick access to funds and for those whose credit history might not meet conventional loan requirements.

In this article, we’ll explore the ins and outs of hard money lending in Houston, explaining how these loans work, what they’re typically used for, and how much they cost. We’ll also discuss alternatives to hard money lenders, including HomeLight’s Buy Before You Sell program. Whether you’re a seasoned investor or a homeowner looking to bridge the gap between buying and selling, this guide will help you make informed decisions about your financing options.

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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.

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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 entity or individual offering short-term loans backed by real estate. Unlike traditional banks, these lenders prioritize the property’s value over the borrower’s credit score or income. Common clients include house flippers and those investing in rental properties, who need quick, flexible financing.

Loan amounts are determined using the after-repair value (ARV), which is the estimated worth of a property after renovations. Hard money lenders typically offer a percentage of this ARV, ensuring the loan is secured by the property’s potential value.

Interest rates for hard money loans are higher, generally ranging from 8% to 15%, with terms lasting from 6 to 24 months. Borrowers also face origination fees, closing costs, and points. If a borrower defaults, the lender can seize the property to recover their funds.

How does a hard money loan work?

If you’re a real estate investor in Houston seeking a financing option that offers speed and flexibility, connecting with hard money lenders might be the solution you need. Here’s an overview of how hard money loans work:



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

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