We have long specialized in fix and flip loans for Texas residents. We know it can be difficult to find the right financing when it comes to investment properties. It’s incredibly hard to come across a mortgage company or bank here in Texas that provides this type of hard money funding. Most traditional lenders won’t even talk to you unless you provide countless documents and have perfect credit. On the flip side, most private lenders are looking to work with applicants that have more favorable investment properties. With our Fix and flip loans, we can provide financing of up to 90% of the total purchase cost. Contact us if you’re looking to buy and eventually rehab an investment property.
Fix And Flip Home Loans in Texas
Over the past few years, the Fix and Flip loan option has become more popular and widely used as our clients have seen how much easier it is to get approved and funded when compared to other companies. With this type of private money loan, you’re typically looking at a few common goals. You want to get the most of the total market value of your property. You also want to minimize the number of days in which you own the property. When we speak with someone who has these goals we can quickly determine whether they qualify and get their application started. We know it’s all about processing and closing time with this type of funding. Any unexpected delay in the process from start to finish can lead to thousands of dollars in losses. That’s why you need to work with a company that specializes in Fix and Flip Loans for the Texas real estate market. Not only do we specialize in that, but we also focus primarily on Texas residents.
Requirements For A Texas Fix And Flip Loan
We’ll be able to tell you in a matter of minutes whether we think we can get your hard money loan funded. On top of that, our private money lending rates and fees are competitive when compared to other companies. Our typical fix and flip investment will have an interest rate that comes in at about 10% with zero to 3 points. As always, repeat clients will receive preferable terms when applicable. Contact us today for more information. No project is too big or small. Financing amounts will go as low as $50,000, and we have the capacity to go above $5,000,000. Trust our customer service representatives and give us 5-10 minutes of your time. We’re confident that as a Texas hard money lender, we can fund your qualified investment. We’ll give you other private money funding options if we can’t make a fix and flip loan work.