Do Hard Money will approve your asset-based loan completely by assessing the property not you as the borrower. A true hard money lender will base your loan approval on the investment property and the overall quality of the deal. Once we’ve evaluated the property, the LTV (loan to value) ratio of the deal will determine your loan amount. This loan amount, combined with our gap funding resources, can make it possible for you to get 100% Financing on your deal.
Mississippi Hard Money Loan Terms
What Kind of Funding Is Available?
Up to 100% Financing Available
We fund up to 70% of the ARV
Minimum ARV of $70,000
No minimum loan amount
Maximum loan amount $250,000
Loan term 5 months
What Will It Cost?
Interest starting at 1.25% per month
Origination starting at 5.5%
No monthly payments
No and low cash to close options available
Gap financing allowed
No pre-payment penalty
Why Use DoHardMoney?
Full disclosure at time of loan offer
Proprietary foreclosure protection
No experience required
No minimum credit score required
Simultaneous deals allowed
Anytime my clients or myself need financing, I will recommend DoHardMoney.com. They motivate me to want to do more deals.
Mississippi Real Estate Market Statistics (2015)
Mississippi is known as the “Magnolia State” and is rich in forests, rivers and gorgeous landscapes. Its natural beauty and vast historical sites have made Mississippi a popular place for real estate. The number of flipped houses has increased 12% in the past year and the average home value has risen 3.2%. In the past year, home appreciation rates in Mississippi have been some of the highest in the nation. Mississippi is currently experiencing a seller’s market. Beth Hansen, CEO of the Mississippi Association of Realtors, said “It’s all about supply and demand. Right now there’s strong demand.” Reflecting these statistics and the recent demand for housing, the timing couldn’t be better to invest in properties in Mississippi.
Number of Houses Flipped
% Change in Houses Flipped
DHM does not guarantee that each or any particular Mississippi hard money loan deal funded will result in profit.
Mississippi Real Estate Opportunities
Our hard money loan programs will help you take your business to the next level. We can work with both experienced and new investors.