Hard Money Lenders in Houston
Hard Money Lenders in Houston
Noble Mortgage & Investments is an industry leader with over 20 years of experience in private money lending and hard money loans in Houston, TX. We are committed to providing excellent customer service, review our 5-point guarantee.
On This Page:
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- Houston Residential Hard Money Loan Criteria
- Houston Commercial Hard Money Loan Criteria
- Other Private Loan Options
- Why Noble Mortgage
- Frequently Asked Questions
- Testimonials
The Houston area is a growing market for real estate offering plenty of opportunities for investors. Noble Mortgage helps you take advantage of these opportunities quickly, providing financing even if you lack good credit. With our extensive industry knowledge and years of experience, we can provide the right solutions for your financial needs. Our Houston hard money loans offer a great alternative to conventional banking as they rely on property value rather than credit history.
What does it mean to be a hard money lender in Houston?
Noble Mortgage & Investments is an industry leader with 20 years of experience in private money lending and hard money loans in Houston, TX. We are committed to providing excellent customer service, review our 5-point guarantee.
Hard Money Lenders in Dallas
Houston Residential Hard Money Lenders
Whether you are looking to purchase a property in need of repairs or need a quick cash-out on an investment property, Noble can help. Our residential Houston hard money loan program can potentially cover up to 100% of the purchase price, repairs, and closing costs.
Houston Residential Hard Money Parameters
- Closing time: Typically within 7 business days
- Property type: 1-4 unit properties
- Loan amount: $50K-$3MM
- Loan term: 6 months to 5 years
- Amortization: Interest only and 20-year amortization available
- Loan To Cost: Up to 100%
Check out our hard money loan calculator to get an idea of the amount you will need to put down for your loan, if any. For more details contact us today!
Hard Money Lenders in Dallas
Houston Commercial Hard Money Lenders
For over 2 decades, we have been helping investors buy commercial real estate in Houston, TX. Conventional loans from banks are often hard to get due to the requirements to qualify. However, hard money loans are based primarily on property value and less on credit history. As a result, this is often a great option for anyone who does not meet those requirements and needs a quick investment. Our process allows you to acquire commercial property quickly as we understand that real estate is a competitive market in the Houston area.
Houston Commercial Hard Money Parameters
- Closing time: Typically within 15 business days
- Property type: Apartments, Office, Retail, Office-Warehouse & Single-Tenant
- Loan amount: $100K-$3MM
- Loan term: 1-5 years
- Amortization: Interest-only & Amortized loans available
- Loan To Cost: Up to 90%
- LTV: Up to 75%
Check out our hard money loan calculator to get an idea of the amount you will need to put down for your loan, if any. For more details reach out to one of our experts!
Our Other Private Lending Options:
Residential Conventional Loans
Our residential conventional loan programs offer competitive rates for both owner and non-owner-occupied homes. Get connected with someone from our team to see if this loan option is right for you!
New Construction Loans
New construction loans are available to experienced builders looking to build spec homes to be sold on the open market. Builders often run into limits with traditional construction loans from the local banking community and this program allows them to keep the growth of their business moving upward.
Rehab to Perm Loans
Our rehab to perm loans program for rental properties is a two-step loan process utilized by investors to buy distressed residential real estate in need of repairs for long-term rentals. As an experienced mortgage lender in Houston, Noble can also later help with a long-term mortgage once the property is repaired.
No-Income Documentation Loans/ DSCR Loans
If you can’t qualify for a conventional loan, our no-income documentation loans are a great alternative for investors that have difficulty documenting income. Whereas the rent charged by the investor qualifies the property. These loans typically offer long amortizations and are mainly for investment residential properties.
Areas We Serve
Houston, Humble, Pearland, Cypress, Pasadena, Sugar Land, Spring, The Woodlands, Katy, Harris & Surrounding Counties, and more!
Hard Money FAQ
How does the hard money loan program work?
What is a hard money loan?
A hard money loan is a short-term asset-based real estate loan that is primarily used to purchase real estate by investors who either:
- Need a quick closing
- Are purchasing a property in need of repairs
- Do not have the necessary credit score to qualify for traditional financing
- Do not qualify for or desire a conventional loan
- Are potentially looking for up to 100% financing
What are the benefits of hard money loans?
Since hard money loans are provided by private lenders and backed by the ARV (after repair value) of your property, the borrower does not need to worry about low credit scores, large money down, strenuous underwriting or digging up old tax returns. Hard money loans offer funds quicker and simpler!
What's the difference between a hard money loan and a traditional loan?
Hard money loans do not require the same documentation, credit score or down payment requirements of a traditional loan. We are a private lender and therefore make all lending decisions in-house!
What is required to qualify for a hard money loan?
What is ARV?
ARV, or after repair value, represents the current value plus the value added by any repairs or renovations. Read our blog post to learn more about ARV and how it’s determined.