In North Carolina Interest rates for hard money loans typically range from 10% to 16%, though they can vary based on factors such as the lender, loan-to-value (LTV) ratio, borrower experience, and credit score. Upfront fees, known as points, generally fall between 2% and 6% of the loan amount. While hard money loans have higher interest rates than traditional mortgages, borrowers can secure lower rates by meeting certain qualifications, such as maintaining a lower LTV ratio.