Real Estate Investment Loan Process

Investment Loan Process

In fulfilling our mission to provide innovative, timely, and competitive Texas real estate financing opportunities, we try to make our real estate investment loan process as transparent and straightforward as possible.

On This Page:

Hard Money Loan Application Process
Conventional Mortgage Application Process
DSCR / No Income Documentation Application Process
Rehab to Perm Application Process

Get Pre-Qualified for a Real Estate Investment Loan (Same Day)

Pre-qualification for a real estate investment loan not only informs you and us about the Texas real estate financing program you are qualified for, but also helps you understand the benefits and potential opportunities that come with it.

This process is inclusive, applying to all six of our primary loan types: residential and commercial traditional mortgages, residential and commercial hard money loans, our DSCR/No Income Documentation Loans and our signature rehab to perm loan.

Hard Money Loan Application Process (10+ Days)

Hard money, or fix-and-flip loans, are short-term real estate investment loans used to quickly refurbish distressed property and sell it at a profit. These loans are available on both residential and commercial properties, include all repair costs, and are based on the After-Repair-Value (ARV) of a property.

1. Complete an application and submit the supporting documentation.
2. Within 1-2 business days we will issue you a pre-approval letter so you can start submitting offers.
3. Once you have an executed offer provide a detailed Repair Budget. Prefer either contractor quote(s) or a detailed line-item budget.
4. Provide access to the property so we can have the appraiser inspect the property.
5. Once Noble Mortgage receives the appraisal of the After-Repair-Value (ARV) we will review the report. (Typically 2-3 days)
6. The loan officer will call you to discuss the valuation and go over final numbers.
7. Loan is Approved, including full disclosure of terms and conditions.
8. A closing day/time is set for you and the seller to execute all documents at the title company chosen.
9. At closing the seller is paid directly. The rehab budget is now available via ‘draw request’ to pay for work as it’s completed. *Loan interest is only paid on money drawn.
10. Complete all repairs as soon as possible! Noble will send an inspector to make sure the work is being done professionally and wire funds to either you or your contractor.
11. Enlist a realtor to market and sell your refurbished property.
12. Repay the loan and retain the profits!

Conventional Mortgage Application Process (30-45 Days)

Conventional mortgages are the most traditional form of real estate investment loans. These are long term, low interest loans for both primary and rental property investors. They are available for both residential and commercial real estate investment.

1. Complete and sign an application and submit the required documentation which will be sent to you in a checklist.
2. The loan officer will call you to discuss terms/rate.
3. Begin the underwriting process with ordering the appraisal prepared/provided by 3rd party management company. (Typically 2 Weeks)
4. Once the appraisal is received the file goes into final underwriting.
5. Receive your ‘Clear to Close’ from the lender. This means that all conditions have been cleared, the filed file has been approved, and you are clear to close the deal with a signature.
6. A closing time is set with the title company to execute the loan documents.
7. Sign and close the mortgage.
8. Receive access to your new property in 24-48 hours depending on the terms of the contract.

DSCR / No Income Documentation Loan

Our DSCR/No income documentation loans are a great permanent loan alternative for investors who either can’t qualify for a conventional loan or do not want to reveal their tax returns. These loans offer long amortizations and are designed for residential investment properties only. Using a DSCR loan the market rent can qualify the borrower provided the rent is equal to the proposed new mortgage payment.

1. Complete and sign an application and submit the required documentation which will be sent to you in a checklist.
2. The loan officer will call you to discuss terms/rate.
3. Begin the underwriting process with ordering the appraisal prepared/provided by 3rd party management company. (Typically 2 Weeks)
4. Once the appraisal is received the file goes into final underwriting.
5. Receive your ‘Clear to Close’ from the lender. This means that all conditions have been cleared, the filed file has been approved, and you are clear to close the deal with a signature.
6. A closing time is set with the title company to execute the loan documents.
7. Sign and close the mortgage.
8. Receive access to your new property in 24-48 hours depending on the terms of the contract.

Rehab to Perm Loan Application

Our signature rehab to perm loan is for investors looking to build a rental portfolio using the BRRRR strategy, by purchasing distressed properties using a hard money loan, renovating the home, and then refinancing into a long term loan for passive income.

Our Rehab to Perm loan program is a unique offer, providing up to 100% financing. It starts as a Hard Money Loan, providing immediate funds, and then transitions to a Conventional Mortgage, offering long-term stability. To qualify for this loan program, borrowers must be pre-approved for both loan types.

1. Complete an application and submit the supporting documentation.
2. Within 1-2 business days we will issue you a pre-approval letter so you can start submitting offers.
3. Once you have an executed offer provide a detailed Repair Budget. Prefer either contractor quote(s) or a detailed line-item budget.
4. Provide access to the property so we can have the appraiser inspect the property.
5. Once Noble Mortgage receives the appraisal of the After-Repair-Value (ARV) we will review the report. (Typically 2-3 days)
6. The loan officer will call you to discuss the valuation and go over final numbers.
7. Loan is Approved, including full disclosure of terms and conditions.
8. A closing day/time is set for you and the seller to execute all documents at the title company chosen.
9. At closing the seller is paid directly. The rehab budget is now available via ‘draw request’ to pay for work as it’s completed. *Loan interest is only paid on money drawn.
10. Complete all repairs as soon as possible! Noble will send an inspector to make sure the work is being done professionally and wire funds to either you or your contractor.
11. Market the property to find an eligible tenant.
12. Once the repairs are completed the loan officer will start the refinance process with you for the loan selected.

Customer Testimonials

      
   Noble Mortgage & Investments
   350 Google reviews 
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       Posted on Google  
   
   Jay Prasad 
 
 
 
 Trustindex verifies that the original source of the review is Google. I have worked with many mortgage companies before, but to this day Noble Mortgage has by far been one of the best. Their customer service, knowledge of the industry, communication, and professionalism, has been excellent. Daryl and Jesse have been a pleasure to work with on our flip house project and we will definitely be working with again very soon on our next flip. I was a little nervous about doing a hard money loan, but these guys made it simple and their rates were good as well. I look forward to working with them on all our flips moving forward. Thanks again guys!
  
 
      Posted on Google  
   
   Bessy J 
 
 
 
 Trustindex verifies that the original source of the review is Google. What an amazing team! I'm so thankful to Chris ( Robichaux)  and Alex( Alessandro Coria) for helping me out. They were so kind and gracious. They helped me every step of the way and answered all my questions. They were available whenever I called. Amber was great too. She was so polite and courteous.
  
 
      Posted on Google  
   
   Alirio Parra 
 
 
 
 Trustindex verifies that the original source of the review is Google. Great event, very insightful..Wonderfull Team. Thank you.
  
 
      Posted on Google  
   
   Sarahy Montoya 
 
 
 
 Trustindex verifies that the original source of the review is Google. There are no words to  thank God for having put such good people in our path. People who are willing to help you and answer any doubt we may have had during our process to obtain our first Hard Money Loan.  At Noble Mortgage you find  those people.. People who are willing to help you with all their heart. Mr. Jesse Coria is an angel, a person who shows humility and always showing desire to help his clients. Many thanks to Noble Mortgage and its team, especially to Mr Jesse Coria for making our first dream possible. God May Bless Everyone.
  
 
      Posted on Google  
   
   Jared Solis 
 
 
 
 Trustindex verifies that the original source of the review is Google. Great experience. Loan officer Chris Moore is very quick and helpful! Very good communication to make the process a lot easier.
  
 
      Posted on Google  
   
   Michelle Czaja 
 
 
 
 Trustindex verifies that the original source of the review is Google. When it comes to real estate, it’s important to have people beside you, who are TRULY there for you. Noble Mortgage is the definition of this important step, when delving into real estate. We were able to secure a Hard Money Loan with Noble, and the process from start to finish was extremely satisfying. We worked beside Jesse Coria, a Sr. Loan Originator, and his customer service is more than exceptional. He was very thorough, answered all of our questions without hesitation, and was consistently reminding us, that questions are good! This entire process was new to us, my partner and I, are incredibly blessed to have come across Jesse and the Noble Mortgage team. A company with extreme emphasis on Customer Service, checked all of our boxes. I highly recommend Noble Mortgage to those looking to secure a Hard Money Loan, or just any mortgage related services in general. Noble Mortgage takes deep pride in their service, respects its customers, and continues to build their brand to ensure more awareness is secured. This review and all other reviews should speak volume to you, when making your decision to work with Noble. Thank you to Jesse and the Noble Mortgage team for making our “dream” a reality.
  
 
      Posted on Google  
   
   Leonardo Coronel 
 
 
 
 Trustindex verifies that the original source of the review is Google. I've had a great experience with Noble. This is my first time doing business with this company. Big thank to our loan officer Silas Daik, very pleasent experience. Works quickly with great communication.
  
 
      Posted on Google  
   
   sadai morejon 
 
 
 
 Trustindex verifies that the original source of the review is Google. Great customer service, Chris Robichaux is very helpful and knowledgeable. So glad to work with him as a team.
  
 
      Posted on Google  
   
   Ryan Fitzpatrick 
 
 
 
 Trustindex verifies that the original source of the review is Google. Chris and Silas Daik were a great help in this loan process
  
 
      Posted on Google  
   
   Ricardo Marquez 
 
 
 
 Trustindex verifies that the original source of the review is Google. Great communication with the team, 4 hard money loans 3 refinance loans completed and many more to come. Alessandro always on top of everything and always has the right answers.