If you’ve ever been turned down by a bank for a real estate loan, you already know the frustration. Banks want two years of tax returns, perfect credit, and a spotless financial history. Hard money lenders work completely differently — and for Texas real estate investors, that difference can mean the difference between closing a deal and losing it.
The Core Idea: It’s About the Property, Not You
A hard money loan is an asset-based loan. We lend based on the value of the property you’re using as collateral — period. Your credit score, your income history, your tax returns — none of that determines whether you get approved. What matters is the property’s value and whether our loan stays at or below 65% of that value.
That’s it. If the numbers work on the property, we can close.
Who Uses Hard Money Loans?
- Fix & flip investors — buying distressed properties, rehabbing, and selling
- Bridge loan borrowers — need cash fast while longer-term financing gets arranged
- Raw land buyers — banks rarely touch raw land; we do
- Commercial property buyers — vacant buildings, lots, non-owner-occupied commercial
- Borrowers with credit issues — bankruptcy, low FICO, foreclosure history — all fine
- Self-employed investors — whose tax returns don’t reflect actual wealth
How Fast Can You Close?
That’s one of the biggest advantages. Bank loans take 45–90 days. Hard money loans through Hard Money of Texas can close in days, not months. When a motivated seller needs to close quickly or you’re competing against cash buyers, speed is everything.
What Are the Terms?
Hard money loans are short-term, typically 6–24 months. Interest rates are higher than bank rates — this is expected given the speed and flexibility. These loans are designed to be a bridge: you use hard money to acquire or rehab a property, then refinance into long-term conventional financing once the property stabilizes.
Our Requirements — Simple as It Gets
At Hard Money of Texas, we basically have one requirement: the property value must support the loan at 65% LTV or less. We don’t check credit scores. A 400 FICO is the same as a 750 FICO to us. Bankruptcy? Fine. Prior foreclosure? Fine. We loan on raw land, empty lots, vacant commercial buildings, and properties that banks won’t touch.
Call us at 877-895-3634 or visit our application page to get started. We’ll give you a straight answer, fast.
Hard Money of Texas is a direct asset-based lender serving real estate investors across Texas since 1998.
We lend up to 65% LTV with no credit check required. Call 877-895-3634 or
apply online to get started.