Hard Money Lenders in Virginia
If you’re looking for your one-stop shop for house flipping, DoHardMoney will fulfill all your flipping needs. Real estate investing offers the opportunity for financial success, and the best way to become successful is to give yourself every resource. We grant hard money loans and provide software and training resources to help you learn everything you need to become a professional house flipper.
Virginia offers many opportunities if you’re interested in getting started in house flipping. We know that funding can be a barrier to potential house flippers. That’s why our funding options offer flexibility to help you achieve your financial goals. You can get funding from us even if you’ve been rejected by other lenders.
Virginia Hard Money Loans
Flexible Structure
Public institutions like banks offer limited options for loan customization. Hard money lenders have more freedom to adjust terms based on your needs.
Rapid Funding
With hard money loans, you can get the funding you need in quickly.
No Credit Score Requirements
Hard money loans depend on the potential value of the property, not your credit background.
True 100% financing
We’ll loan up to 100% of your purchase, rehab, and loan costs. And if you need just a little bit more than what we can loan on your deal, we’ll teach you how to find that money without dipping into your bank account
Flexible loan programs to match any borrower’s goals
With over 30 loan options available, we can find funding options that best fit your goals. Are you looking for higher profit? Lowest cash-to-close? Cheapest loan costs? You tell us what you’re looking for, and we’ll find a loan program to match.
Industry-best risk mitigation
Our Advanced Deal Analysis software will help you understand the economic viability of your project. If all looks good, then our rigorous two-step evaluation process will give you and us confidence in the deal. Once approved, we’ll move ahead with a dedicated loan advisor to help manage your loan and a project manager to help you through the rehab. We’re here every step of the way to support you.
What Makes Do Hard Money Loans Different?
- No minimum credit score
- No experience required
- Up to 100% financing
- Interest rates beginning at 12%
- Origination as low as 3.5%
- Lend up to 85% ARV
- Loans up to $350k
- No prepayment penalties
- No payments for 5 months
- No minimum credit score
- No experience required
- Up to 100% financing
- Interest rates beginning at 12%
- Origination as low as 3.5%
- Lend up to 85% ARV
- Loans up to $350k
- No prepayment penalties
- No payments for 5 months
Why Fix and Flip in Virginia?
Virginia is one of the most profitable states in the U.S. for those interested in house flipping. If you’re wondering whether to invest here, consider these top reasons:
- Hot markets: Several cities in Virginia offer fantastic opportunities for house flippers, including Virginia Beach, Chesapeake, Norfolk, Arlington, and Richmond.
- High revenue-per-flip: The revenue per flip for Virginia homes is higher than the national average.
- Increasing values: In the past 10 years, house values have continually risen.
- Growing population: As more residents move to the state, property demand increases.
DoHardMoney Will Help You Reach Your House Flipping Goals in Virginia
If you’re looking for a dependable hard money lender, turn to DoHardMoney. You can get flexible hard money loans in Virginia to suit your unique house-flipping goals.
Check out these other ways we’ll help you reach your house-flipping goals:
- Training and support for every experience level: Since the real estate market changes rapidly, you can use our training materials to stay updated.
- Software to identify profitable opportunities: You can use Investor’s Edge to find the best investment opportunities in your area.
- Access to house flipping resources: Pay once and you’ll get access to property records, funding, and more.
Fewer barriers for new investors
The lending system is broken. With most lenders you’ll need good credit and lots of money to flip houses. That is why most people who want to get started can’t do it.
That’s not how we work. We believe that everyone should have the opportunity to build financial security for themselves. While we lend to experienced investors, a large percentage of our borrowers come to us because we make flipping your first deal possible.
Motivated Sellers in Popular Counties
Ever wondered what potential there is for finding investment deals in Virginia? We’ve compiled the data for you for the two most popular areas to invest in Virginia and provided heatmaps showing the estimated total property value, estimated value per square foot, and the 1-year price growth… these provide excellent insights into where to invest in the area.
All property counts below are single-family residential (SFR) that have been owned for at least 1 year with at least 30% equity and an estimated value of less than $500K as of 25 Aug 2021.
Richmond City, Chesterfield and Henrico Counties (Richmond Area)
Vacant | $5K+ Liens | Bankruptcy | Out of State Owners | Non-Owner Occupied | Preforclosure | Failed MLS Listings |
1,045 | 32 | 2,656 | 2,718 | 28,786 | 30 | 2,739 |
Norfolk City County (Norfolk Area)
Vacant | $5K+ Liens | Bankruptcy | Out of State Owners | Non-Owner Occupied | Preforclosure | Failed MLS Listings |
365 | 17 | 260 | 241 | 3,863 | 4 | 22 |
Apply Today to Get the Funding You Need
DoHardMoney is here for those interested in achieving financial freedom through house flipping. To help you along the way, we offer hard money loans, training, and software resources. Whether you’re a new house flipper or a seasoned professional, you’ll benefit from these resources.
Contact us online or fill out our application today. It’s the first step toward getting the funding to help you flip homes!