Hard Money Loans Requirements
Are you looking to acquire a hard money loan? At First Funding Investments, we are a renowned private lending company with a wide range of loan options to help you grow your portfolio. Learn more about our hard money loan requirements below and get your real estate project on track.
LOAN DOCUMENTATION REQUIREMENTS
Our real estate lending company has a short list of requirements for loan approval. Take a closer look at what you need to get started growing your portfolio. Requirements and documentation include the following:
- STATE OF TEXAS PROPERTIES ONLY.
- INVESTOR N/O/O LOANS ONLY
- INDIVIDUALS, LLCs AND CORPORATIONS ALLOWED. (IF COMPANY, DOCUMENTS WILL NEED TO BE PROVIDED.)
- FULL NAME, CURRENT ADDRESS & SOCIAL SECURITY# OF INVESTOR/BORROWER.
- COPY OF EXECUTED SALES CONTRACT (CURRENT TREC FORM)
- MAXIMUM LTV OF 70% BASED OFF THE AFTER REPAIR VALUE
- SINGLE FAMILY RESIDENCES, MULTI-FAMILY RESIDENCES, AND RAW LAND ONLY.
- 1ST LIEN POSITION ONLY.
- 3-18 MONTH TERMS WITH INTEREST DUE MONTHLY AND AT MATURITY.
- MINIMUM INTEREST RATE 11.9%, MAXIMUM INTEREST RATE 13%. RATES WILL BE DETERMINED PRIOR TO CLOSING. NO SURPRISES AT CLOSING. 2-5 COMMITMENT POINTS/FEES CHARGED AT CLOSING. FEES WILL BE DECIDED PRIOR TO FINAL APPROVAL.
- HAZARD/HOMEOWNERS INSURANCE REQUIRED (MIN. COVERAGE AMOUNT EQUAL TO OR GREATER THAN LOAN AMOUNT).
- PROPERTY INSPECTION REPORT (*UPON REQUEST).
- TITLE POLICY.
- TAX CERTIFICATE.
- SURVEY (* AN EXISTING SURVEY CAN BE USED IF LESS THAN 10 YEARS OLD).
- LIST OF REPAIRS TO BE COMPLETED AFTER PURCHASE.
- LETTER FROM BORROWER – EXPLANATION OF EXIT STRATEGY.
Questions? Get in Touch!
Do you still have questions about our hard money loan requirements? Contact us today! Our real estate lending company is always available to answer your questions. We offer fast and simple application and approval processes.
We’re ready to help you maximize your profits. Feel free to contact our office for additional details by calling 817-286-7624.
Grow Your Real Estate Investment, Apply for a Hard Money Loan Now!
Looking for fast and reliable real estate loans in Texas? First Funding Investments is an experienced private lending company that offers every traditional loan you need to expand your portfolio.
Our fast and simple application and approval process will help you maximize your profits. Gather all your required loan documents and fill out our loan application form now!
Your One Stop Shop for Simple Real Estate Loans
First Funding Investments is a private lender with years of experience providing all kinds of loans for real estate investors in Texas. We are committed to providing simple and fast loans that help our lenders maximize their profits and carry out their real estate projects.
We offer loans for commercial and residential real estate properties in all major metro areas in Texas. These include Houston, Dallas-Fort Worth, Austin, San Antonio, Waco, College Station and Corpus Christi. We make acquiring loans easy with simple hard money loan requirements and fast approval times. Apply for a hard money loan with First Funding Investments today!
Fast and Reliable Private Loans for Real Estate Investments
Our real estate lending company offers a range of private loans for investors throughout Texas major metropolitan areas. We offer the following loans:
Hard Money Acquisition Loan
Note Purchase Loan
Hard Money Land Acquisition Loan
Cash Out Loan
Interim Construction Loans
Flash Funding Loans
Property Settlement Loans (Divorce and Lawsuits)
Combination of Purchase and Fix-Up Loans
Improvements Loans (First Lien only)
What Our Borrowers Have to Say
“This company is amazing! I brought them a deal that needed to get approval and closed in 2 days, and they made it happen. They know what they’re doing. Very organized and professional company. I would recommend them to all my friends in the business..”
- Brandon Bachik
Real Estate Investor
“Not only does this lender have very competitive rates & fees and service, they also have a vast knowledge of the real estate laws in Texas plus extensive brokerage sales experience. Before I commit to a deal I can always count on them to let me know where I stand.”
- Chris Willis
Real Estate Investor
“What a great company to work with. They’re a family run business with a direct client business relationship with no red tape. They always find the time to assist me with my investment decisions. This gives me a competitive advantage over my peers.”
- Frank Packard-Reed