FAQs Archive

What is a good rate for a hard money loan?

admin2025-02-11T21:36:56+00:00Virginia|

A good interest rate for a hard money loan typically falls between 10% and 16%, depending on factors like loan-to-value ...

admin2025-02-11T21:36:33+00:00Virginia|

Most hard money lenders prefer a higher credit score BUT don't have a minimum credit score requirement. If the credit ...

admin2025-02-11T21:35:59+00:00Virginia|

When looking for a hard money lender in Virginia, compare their reputation, location, and loan terms. Referrals from other investors ...

admin2025-02-11T00:44:29+00:00Washington DC|

Approval for a hard money loan is typically very fast, often within a day or two, and funding can be ...

admin2025-02-11T00:44:07+00:00Washington DC|

Hard money lenders have no minimum credit score because they focus more on property value and overall real estate projects. ...

admin2025-02-11T00:43:48+00:00Washington DC|

Yes, hard money lenders do provide pre-approval letters or proof funds letters but they typically need some information from the ...

admin2025-02-11T00:43:27+00:00Washington DC|

Most hard money lenders that use private capital don't require a standard appraisal. However, they may use a broker price ...

admin2025-02-11T00:43:02+00:00Washington DC|

Hard money lenders determine the After-Repair Value (ARV) by analyzing comparable sales (comps) of similar properties and assessing local market ...

admin2025-02-11T00:42:40+00:00Washington DC|

Most true hard money lenders and private lenders don't do appraisals. They might do internal inspections, valuations or Broker Priced ...

admin2025-02-11T00:41:22+00:00Washington DC|

Hard money lenders (that lend their own funds) have no minimum credit score because they focus more on property value ...