Need a hard money lender to take advantage of the many exciting opportunities for lucrative deals in Texas. Do Hard Money is here to provide hard money loans fast for your next real estate investing deal or refinance property in the Lone Star State, whether it be Dallas, Austin, Houston or any of the other great markets.
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.
Texas Hard Money Loan Terms for Fix and Flips Directly Funded in the State
We have a variety of Texas hard money loans to help you deal with the ever changing real estate market in such a large state. Depending on your needs, experience and the type of qualifying deal you need to fund with us we can offer loans for those with no experience, bad credit or little cash liquidity. We also have more traditional types of loans with down payments and better interest rates.
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
* DHM does not guarantee that each or any particular deal funded will result in profit
Refinance loans options for investors of all experience levels
We can either do a cash out or rehab option on your property
50%-65% ARV depending on property
Texas House Flipping Loans
We can lend to borrowers who have never flipped a house as well as veteran flippers.
Needing a no or low cash to close flip loan? We do that on qualified deals. We have other loan options as well.
We can lend to bad credit borrowers as well as those with great credit- our house flipping loans are asset based.
Texas Real Estate Market Statistics (2015)
The second largest state in both area and population, Texas is one of the most beautiful and exciting states in the nation. Full of history, culture, arts and famous fairs, Texas is an amazing place to call home. Texas has proven to be one of the most solid and lucrative states for real estate investment, with home values soaring 7.7% over the past year and home flips increasing by 14%. Investment opportunities are abundant and the timing is perfect to jump on real estate deals, with housing prices continually rising. Upon finding and rehabbing a great deal, you’ll have no shortage of buyers anxious to purchase your property. According to Housingwire.com, “The demand for housing in Texas continues to exceed supply, driving home prices upward.”
Number of Houses Flipped
% Change in Houses Flipped
Vital Information On Texas Hard Money Loans:
If you want to be a property investor but are lacking the capital to proceed with your plans, it does not mean that you give up on your dreams right away. There are things that you can do and lenders that you can turn to if you want to invest in real estate. For instance, if you happen to live in Texas and you want to find a way to get some fast cash to invest in some property, the best thing that you can do is go for Texas hard money loans. These types of loans are usually processed in about 2 or 3 days depending on the private lender or institution you are dealing with. Loan approval is fast and virtually painless, as you do not have to go through the usual screening often applied by traditional lenders.
When you need to get a loan, it would be best to look at the interest rates. Interest rates may vary from one lender to another, but Texas hard money loans are usually charged with interest rates of about 10-18% per annum. If you want to get the best rates you may want to check and compare between several hard money lenders before signing anything. Once you have the money in your hands you can go ahead and invest in buying or fixing up property that you will then sell and hopefully make some money from. By having a sure source of funds from hard money lenders you can be sure to purchase the property you want without waiting for weeks on end.