Hard money lenders charge points or origination fees that range from 2% to 6% of the loan amount. While hard money loans have higher rates than traditional mortgages, securing a lower rate depends on other qualification factors including lower LTV (Loan to value) ratios.   Hard money lenders should be able to close your transaction within a few business days so paying a little more in origination fees compared to a bank or instituational backed lender might be worth it for a faster and flexible loan.