Texas Hard Money Lenders
Hard Money Lenders in Texas
Noble Mortgage & Investments is an industry leader with over 100 collective years of experience in providing residential and commercial hard money loans for Texas real estate investors. And We are so committed to providing excellent customer service that we offer a 5-point guarantee.
On This Page:
-
- Residential Hard Money Loan Criteria
- Commercial Hard Money Loan Criteria
- Other Loans We Offer
- Frequently Asked Questions
- Testimonials
- Contact Noble Mortgage
Noble Mortgage has helped many home and business owners in the Texas area with hard money loans. Due to our extensive knowledge of the industry and over 100 years of collective experience, we can provide the right solutions for your financial needs. Hard money loans can be a great alternative to conventional banking as they rely on property value rather than credit history. We operate all over Texas, including Houston, Dallas-Fort Worth, Austin, San Antonio and more!
Not familiar with hard money loans?
Hard Money Lenders in Dallas
Texas Residential Hard Money Lenders
Whether you are purchasing a distressed property in need of repairs or need a quick cash-out on an investment property, our experts can help. Our hard money loan program can potentially cover up to 100% of the purchase price, repairs, and any closing costs.
Residential Hard Money Loan Parameters
-
- Closing time: Typically within a few 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% financing
Our hard money loan calculator helps you quickly determine how much you will need to put down to secure a hard money loan for your next real estate investment. For more details contact one of our experts today!
Hard Money Lenders in Dallas
Texas Commercial Hard Money Lenders
For over 2 decades, we have been helping investors buy commercial real estate in Texas. Conventional loans from banks are often hard to get due to the requirements needed to qualify. However, hard money loans are based mostly 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 is quick, allowing you to acquire the commercial property as we understand real estate is a competitive market in Texas.
Commercial Hard Money Loan 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%
Other Loans We Provide
Conventional Loans
We also help our clients with residential conventional loans for owner and non-owner-occupied homes. Talk to a lender today and find out more about our competitive rates!
DSCR/No-Income Loans
If you can’t qualify for a conventional loan, our no-income documentation loans are a great alternative for investors who have difficulty documenting income. These loans typically offer long amortizations and are mainly for residential properties.
Areas We Serve
Houston, Dallas-Fort Worth, Austin, San Antonio
Hard Money FAQ
What is a hard money loan?
A hard money loan is a short-term asset-based real estate loan that is primarily used by investors to purchase distressed real estate using high leverage and fast closings.
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 residential and commercial property in Texas. We typically close in a few days; however, we have closed a loan in 24 hours previously! Hard Money is available for both residential and commercial property in the first lien position.
What's the difference between a hard money loan and a traditional loan?
Hard money loans are short-term loans that are designed for investors purchasing properties in disrepair. These loans close in a matter of days, offer 100% financing and do not require as much paperwork. Traditional loans are typically 15-30 years, require full income documentation and the home must be in livable condition.
What is required to qualify for a hard money loan?
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.
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.
Contact Us
We’re here to help! Contact us to discuss your needs.
Houston
Dallas
Ready to get started? Contact us for a no-obligation quote tailored to your marketing needs.
How Can We Help You?
Customers Testimonials
Our loans are designed to correspond with the borrower’s goals and success of the project.
Support: info@noblemortgage.com
NMLS ID#: 316081
Houston Office
11111 Katy Fwy #425
Houston, Texas 77079
Phone: (832) 219-7745
Email: info@noblemortgage.com
Dallas Office
106 Decker Ct #205
Irving, Texas 75062
Phone: (972) 284-0580
Email: info@noblemortgage.com
Copyright © 2016-2024 Noble Mortgage | All Rights Reserved.