What is a hard money loan?
The loans and mortgages are traditionally based on the borrower’s creditworthiness. However, with Texas lenders, the hard money loans are based on the property value. They focus on credit and financials. The No credit check hard money lenders Texas and more is available based on real estate equity and it can be used for projects lasting for one and three years.
Hard money Loan Highlights
• No income details required
• No Prepayment Penalties
• Direct lender
• No FICO scores
• Fast funding and approval
• Foreign nationals, self-employed, and past bankruptcy or foreclosure are acceptable.
• Minimal paperwork
Information on hard money lenders Texas
The advantage is for people having a poor or fair credit score. This is because the hard money lenders Texas demand no credit score and there is no income requirement. The hard money loans are secured, and they look beyond the financial situation of the borrower.
The hard money lenders Texas are the people offering the fastest funding with hard money. They approach directly and so there are no middlemen or hidden charges.
What hard money loans are offered?
The hard money loans are offered in Texas for commercial and residential real estate. This is given to promote business purposes. It is also to use it for payroll and inventory. The hard money lending in Texas is used to fund bridge loans for 12 months.
Typical lenders pour through credit reports and income statements, but as a hard money lender Texas, the loan is given within 24 hours of the receipt of the application. The lenders here fund your loan in 7 days. The application process of hard money lending Texas is automated and streamlined, facilitating quick decision-making.
How to apply?
Applying for hard payday loans in Texas is simple. Fill the online application, email, or give a call. Direct talking over the phone is entertained, you can answer immediately and get approval in a few minutes.
The Texas hard money has fixed, interest-only rates. It means you need not worry about sudden spikes. The rates are from 7.99% and vary depending on various factors.
Why hard money Texas?
The hard money lenders Texas are specialized loans for commercial and residential purposes. This belongs to private individuals group funding hard money loans. The flexibility and the speed ensure receiving a loan in 24 hours or maximum within 7 to 10 business days. As the hard money Texas process is easy, fast and best, anyone looking for residential or commercial funding in Dallas, Austin, San Antonio, Houston, or the other nearby cities, can seek help for their next venture. If you want to know more about online payday loans.