Whether you are shopping for residential or commercial real estate, there are times when you need fast, flexible financing.
For a streamlined lending process and relaxed credit requirements, consider a hard money loan.
What is a Hard Money Loan?
A hard money loan is one which is secured by either the property you are purchasing, or another property you prefer.
By nature, hard money loans are short-term only.
Their rates tend to be high, but they are easier to qualify for than prime mortgages.
Benefits of Hard Money Loans in Dallas and Beyond
- You do not need a perfect credit score to qualify for this type of mortgage. The collateral used to secure the loan is a more significant qualification factor.
- Hard money loans feature a rapid, streamlined application process.
- You can close fast with a hard money loan.
Is a Hard Money Loan in TX Right for You?
A hard money loan might make sense if:
- You are not able to qualify for a prime loan because of a low credit score.
- You want to raise your credit score by paying off on a loan.
- You want to expedite the lending process so you can move fast on a property.
- You only need short-term financing, perhaps as a bridge loan or for fixing and flipping a property.
There may be other scenarios where a hard money loan would be appropriate as well. We can discuss these with you during your consultation in detail.
Get the Fast Financing You Need Today
Are you ready to get the fast, easy financing you need to purchase valuable real estate in Texas? To apply for a hard money loan now, please give us a call at (469) 886-8300 to schedule your consultation.