Do you want Mississippi hard money loans for house flipping where you’ll need to bring as little cash to close as possible? We do that kind of funding. Because we fund up to 70% of the ARV, and that funding can include not only the purchase but all the money you need to renovate the house and even the loan costs. If all of those things total less than that 70% you can even get 100% financing on your deal. The other Mississippi hard money loan options we have will work for more experienced investors who need lower interest rates or perhaps want to buy a rental property.
Mississippi Hard Money Loan Terms for Directly Funded House Flips
What Are the Details?
You can get up to 100% financing on qualified deals
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 Are the Costs?
Interest starting at 1.25% per month on low and no cash to close loans
Origination starting at 5.5% on low and low cash to close loans
No monthly payments
We allow you to combine our loan with gap financing
No pre-payment penalty
Why Get Your Loan From Us?
We disclose all fees and costs when we make the loan offer
We’ve implemented foreclosure protection unique to us
We can lend to you even if you’ve never flipped a house before
Poor or bad credit? We can work with that!
We will even fund more than one flip at a time for you
Anytime my clients or myself need financing, I will recommend DoHardMoney.com. They motivate me to want to do more deals.
Mississippi House Flipping Loans
New and bad credit investors can use our Find-Fund-Flip system to get low and no cash to close.
Experienced investors can choose from better rates and terms or low cash to close with no payments.
Loan based on after repair value
Mississippi Investment Property Refinance Loans
Options for both new/experienced investors
Cash out or no cash out depending on needs
50%-65% ARV depending on property
Will You Fund My Mississippi Rehab Investment If I Have Bad Credit?
Yes, we can and want to fund your flip! Join our Find-Fund-Flip System. This system provides you with the tools, guidance and structure necessary for us to offer hard money financing for borrowers with poor or bad credit.
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.
Will My Mississippi Hard Money Loan Qualify For 100% Financing?
We don’t extend 100% financing on loans other than house flipping loans at this time. Our rental property loans and new construction loans are only extended to experienced investors and will require a down payment all of the time. But our residential rehab loans are different. Depending on the property and whether or not you are enrolled in our Find-Fund-Flip System, we can help you flip a house with 100% funding.