800.883.8290Can I roll closing costs into the loan?
admin2023-10-13T13:34:12+00:00Sometimes we will allow you to roll points into the loan. However, most other title and lender fees, or other ...
Do you lend on purchase price or appraised value?
admin2023-10-13T13:33:40+00:00We usually lend on appraised ARV (after-repaired-value). Thus, if you purchase a property far under its ARV, we may be ...
Are the loans fully amortizing?
admin2023-10-13T13:33:02+00:00No. Most or our hard money deals require interest-only payments that usually balloon in 6-18 months, meaning the entire principal ...
What type of properties do you fund on?
admin2023-10-13T13:32:24+00:00Currently we lend on residential investment properties and “light” commercial, such as 1-4 unit properties, smaller apartment buildings, small retail ...
Are you a licensed lender?
admin2023-10-13T13:31:54+00:00Hard Money Bankers, LLC is not a licensed mortgage lender and does not lend money on primary/principal residences. We are ...
Do I need to provide personal income statements?
admin2023-10-13T13:31:07+00:00Maybe. Every deal is different. Once your deal is preliminarily reviewed, you will be told by the underwriter which documents ...
I have a low credit score. Can I get a hard money loan?
admin2023-10-13T13:30:34+00:00This will depend on your exit strategy. For instance, if you have found a great deal on a property from ...
How do I get a hard money loan?
admin2023-10-13T13:28:53+00:00The process is explained more fully in the Lending Process section of this website, but it is never very cumbersome. ...
Where do you lend?
admin2023-10-13T13:27:55+00:00We currently have offices in Columbia, Maryland and Philadelphia, Pennsylvania. We lend in Maryland, Virginia, Washington DC, Pennsylvania, Delaware and ...
Do I need an appraisal?
admin2023-10-13T13:27:25+00:00Maybe. We determine value in several different ways: 1) appraisal from a licensed appraisal; 2) appraisal from real estate broker ...
