If you are in Austin, Texas, and you are into real estate or at least thinking about getting your hands into real estate, you will need some financial support.
When it comes to financial support, you will never be out of options from traditional banks. However, at the same time, traditional bank loans take too much time to get approved and also come with some strict conditions.
Often for a lot of real estate projects, investors need quick funding and also a lot more relaxation on the conditions as well.
That is why hard money loans are most convenient for real estate investors. It not only requires less time but also offers you a lot of flexibility regarding the terms and conditions. So, you need to find the best hard money lenders in your area.
Hard Money Lenders To Consider In Austin
Hard money lenders offer loans for real estate projects. Especially if you are thinking about flipping houses, hard money loans can be really beneficial for you.
You do not need any credit score, you do not need to have a clean record, and most importantly, no one is going to check your stable income and where the money for a downpayment is coming from.
Still, while choosing any hard money lender, you need to ensure that you are choosing the one that will offer you the most benefits and that too comparatively at a lower interest rate.
#1 Housemax Funding
Now, this one is not only a lender but also a real estate expert. You might be surprised to know that the owner of Housemax has flipped more than 3,000 homes and also listed and sold more than $750 million in residential properties.
They offer you the accessibility of making a loan application online, and also you can get preapproved online. You just need to submit your details and complete the loan application. After the required verification, you will get the loan really fast.
#2 Visio Lending
Visio lending is known for buying and selling over $250 million in a residential estate. They understand that every residential investor has their own needs, and they need to be handled in a unique manner.
When it comes to the loan process, their entire process revolves around 3 words: simple, dependable, and fast. They had started their journey in the year 2011, and after that, they have originated over 5,000 loans to investors.
#3 Little City Investments
If you are looking for a simple, straightforward hard money lender that will also handle your loan application in a quicker manner, you can opt for Little City Investments. The hard money loans of them are completely based on the property value instead of your credit worthiness.
With years of experience in lending money to real estate investors, Little City Investments will also be able to help you with property choosing when you are thinking about flipping a property. Along with simple terms and no appraisal, the approval process of it is really fast.
#4 Texas Note Company
TNC or Texas Note Company is a consortium of real estate professionals along with mortgage note buyers. They are specialized in Seller Financing. In case you are the wonder of any deed of trust on a particular property which you have already sold, you may be thinking it is the perfect time to sell your real estate note.
Yes, banks do buy notes. However, private individuals can always buy notes as an investment. As a mortgage note broker, this is exactly what TNC does. They also offer end-to-end home mortgage loan services for investors, individuals, and also companies with real estate notes.
#5 Streamline Funding
Since the year 2002, they have been empowering real estate investors of Autin, Texas. Whether you need financial support or any type of advice and expertise to grow your real estate business, you will get all of that here.
They have a wide network of real estate entrepreneurs across the state. They are still getting unprecedented growth and coming up with amazing real estate ideas with the help of Streamline Funding.
Pick One!
When you are in Texas, you will not be out of options of hard money lenders. You just need to ensure that you are choosing the best one. Whenever you are thinking about taking a loan, do not forget to compare the interest rates and also the process of loan approval.
Only then will you be able to find the perfect one that will give you the funding at a comparatively lower interest rate and also within a shorter time span.
