How Our Hard Money Loans Work
Basically, the process is straightforward. Here is exactly what happens from your first call to closing:
Step 1 — Phone Call Prequalification
Call us at 877-895-3634. Tell us about the property — address, type, and value. Basically we will let you know right away if we can lend on it. No credit check, no income questions. Just the property.
Step 2 — Application
We send you a short application. Basic borrower information and property details. No tax returns, no pay stubs, no financial statements required for hard money.
Step 3 — Approval
We review the application and give you a loan approval based on the property value. Basically we lend up to 65% of the property value — that is the only number that matters.
Step 4 — BPO or Appraisal
A Broker Price Opinion (BPO) or full appraisal is ordered on the property to confirm the value. This is a borrower cost.
Step 5 — Documents Needed
Basically our team will collect the following:
- Government-issued ID
- LLC or Corp docs (if borrowing in an entity)
- Survey (if available)
- Insurance company contact info
- BPO / Appraisal (from Step 4)
Step 6 — Underwriting Needs List
Our underwriter reviews the file and sends out a Needs List — basically a checklist of anything still outstanding. We work through it with you to get the file complete and ready to close.
Step 7 — Title Closes — Notary Comes to You
Once everything is in, the title company closes the loan. Basically they send a notary directly to your home or office so you do not have to go anywhere. You sign and the funds are wired.
Permanent Financing Takeout — Up to 30-Year Fixed
Once your hard money loan is in place and you are ready for long-term financing, we can basically help you transition to a permanent loan — up to a 30-year fixed rate mortgage.
Step 1 — Phone Call / Application / Approval / Appraisal / Needs List
The perm financing process starts the same way — a call, a short application, and approval. An appraisal is ordered and we send a Needs List based on the loan program you qualify for.
Depending on the program, documentation requirements vary:
- Full Doc — standard income documentation (W2s, tax returns)
- Stated Income — state your income without full documentation
- Bank Statements — qualify using 12–24 months of bank statements
Steps 2 and 3 — Same as Hard Money Steps 6 and 7
From there it is basically the same as the hard money process above — underwriting Needs List gets resolved, title closes, notary comes to you, and the hard money loan is paid off and replaced with your long-term permanent financing.
Ready to Start?
Call 877-895-3634 Monday through Friday, 8AM to 6PM CST. We will walk you through it step by step.