Louisville Kentucky Hard Money Mortgage Lender

Louisville Kentucky Hard Money Mortgage Lender offers loans on investment properties, commercial properties, fix & flip projections, rehab homes, and more. Often times, properties like this are not a preferred property type for a conventional bank. And sometimes, a hard money loan may be the only option for someone with limited income or credit issues.

In most cases, a hard money loan will mainly be based on the property/collateral an not necessarily on a borrowers credit. But, please note that with the program that we offer credit will be reviewed, along with your cash flow/income situation.

Typically, loans are based on a 70% loan to value or lower depending on the property. With this in mind, you may need a 25 – 30% to qualify. The lower the loan to value the better the chance that your project can be approved. If you currently own the property and would like to refinance the home with a hard money loan, then there may be an option to do so with no money out of pocket. (a minimum of 30-35% equity will be required)

Louisville Kentucky Hard Money Mortgage Lender Process: What To Expect?

1.) The first step is to give us a call to discuss your current situation. You are welcome to email photo’s of your project along with an overview of your project that you are looking for fund. If you are working on a rehab project, please send over a list of the repairs that you plan to do along with photos, and the value of the home after the repairs are completed. You can call me at 812-620-0046 or email [email protected]

2.) Secondly, you will want to do an online application – you can do so by clicking here and applying through our Secure Loan Application: Click Here For Louisville Hard Money Mortgage Lender Application

3.) Once your application is received we will contact you to let you know if we have an interest in your project..

4.) Once approved we will order appraisal/title work on the home.

5.) Typically, these will close quickly once the appraisal is received.

Louisville Kentucky Hard Money Mortgage Lender Fees: What To Expect?

1.) Fee’s: Plan on at least 4 points in fee

2.) Interest Rates: Most Louisville Hard Money Loans will be higher than conventional loans.

For more information, contact us today: