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Residential Hard Money

Noble’s hard money residential loan program is designed for investors who are buying distressed properties in need of repairs or need a quick cash-out on an investment property.

 

We will fund up to 100% of the purchase price, repairs and closing costs! We also fund new construction loans. These loans can typically be closed within 10 business days.

Get Pre-Approved
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Property Types:

All 1-4 unit properties considered

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Loan Types:

Rehabs, Cash-Outs, Purchases, Refinances & New Construction No Home Equity Loans

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Markets:

Houston, Austin, San Antonio and Dallas/Fort Worth, Texas

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Loan Amounts:

$50K-$1.5MM (Minimum $100K outside of Houston)

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Amortization:

TBD, Interest-only & 20-year amortizations available

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Term:

6-months to 5 years

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Rate:

TBD

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Fees:

TBD

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ARV (After Repaired Value):

Up to 75% on “as is” or “after repaired” value if repairs are included

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LTC (Loan to Cost):

Up to 100%

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Recourse:

Yes

How does the hard money loan program work?

Noble’s hard money loan program was designed for investors who are purchasing homes that are in disrepair and want to leverage the After-Repaired-Value (ARV) of the property. We loan real estate investors money to purchase and rehab real estate property in Texas. We typically close in 7-10 business days, however, we have closed a loan in 24 hours previously! Hard Money is available for both residential and commercial property in first lien position.

What's the difference in a hard money loan and a traditional loan?

Hard money loans do not require the same documentation 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?

It depends on what the exit strategy is for the loan. Flipping a home simply requires some capital reserves to handle loan payments and money to get the project started.

We do not have a minimum credit score if you are flipping.

However, if the investor intends on refinancing the property to hold as a rental property then they would need to qualify for long-term financing which Noble can arrange in-house. These loans typically require at least a 650 credit score.

How does the hard money loan program work?

Noble’s hard money loan program was designed for investors who are purchasing homes that are in disrepair and want to leverage the After-Repaired-Value (ARV) of the property. We loan real estate investors money to purchase and rehab real estate property in Texas. We typically close in 7-10 business days, however, we have closed a loan in 24 hours previously! Hard Money is available for both residential and commercial property in first lien position.

What's the difference in a hard money loan and a traditional loan?

Hard money loans do not require the same documentation 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?

It depends on what the exit strategy is for the loan. Flipping a home simply requires some capital reserves to handle loan payments and money to get the project started.

We do not have a minimum credit score if you are flipping.

However, if the investor intends on refinancing the property to hold as a rental property then they would need to qualify for long-term financing which Noble can arrange in-house. These loans typically require at least a 650 credit score.

How Can We Help You?

Get Pre-Approved