Who are the Best Hard Money Lenders in Houston TX?
Finding the right hard money lender in Houston can be challenge. Whether you’re new to real estate or you’re a seasoned vet, your hard money loan can often make or break your deal. An unfavorable loan can set you back thousands and thousandss of dollars. On the flip side, a good hard money loan can provide the funding you need faster than almost any other option. Houston hard money lenders can give you the buying power you need to scale your real estate business and grow.
Houston TX has a large selection of hard money lenders operating within the city. The mean note issued to borrowers is around $300,000. Interest rates for hard money loans average around 12.5%. The average note issued in the city is for 43 months. Expect to pay 3-4 points for origination. Hard money lenders in Houston average a 70-75% loan to value on their deals.
Here’s our short list of the top 10 Best Hard Money Lenders in Houston:
- Noble Mortgage & Investments
- Catalyst Funding, LLC
- Jet Lending, LLC
- Tidal Loans
- ZeusLending.com
- Clear Lending – First Time Home Buyer Loans
- Priority Investor Loans
- Larry The Lender
- Gold Quest Group, LLC
- Blink Lending
The Top 10 Best Hard Money Lenders in Houston TX
1. Noble Mortgage & Investments
Noble Mortage & Investments is a direct private real estate lender of hard money & conventional capital for both residential & commercial properties in the major Texas markets, including Houston.
Headquartered in Houston, TX, they offer commercial hard money loans, loans for investments properties, fix and flip hard money and more.
2. Catalyst Funding
Catalyst Funding is a Houston, TX based hard money lender who offers loans throughout the Houston area. They offer loans for rental properties and short term fix and flip loans.
Whether you are an experienced real estate investor or a first-timer, Catalyst Funding can help you get started. They offer an array of loan programs and come highly rated online.
#3. Jet Lending LLC
Jet Lending, LLC sspecializes in fix and flip loans, rental loans and more. They have originated over 2,000 loans, making them one of the most reliable lenders in the Houston area.
#4. Tidal Loans
Tidal Loans issues loans throughout the Houston, Austin, and San Antonio real estate markets. They offer flexible loan terms for fix and flip, longer term rental loans for rental properties, refinancing, and new construction loans. They offer competitive rates and very reasonable loan-to-value requirements.
#5. ZeusLending
ZeusLending handles every kind of property from start homes, to million-dollar estates, to commercial strip centers, to investor rehab projects and more. They’re also singular in their ability to transition hard money loans into conventional loans…a big plus for landlords.
A highly rated, reliable hard money lender in Houston, ZeusLending has been in business for over 20 years and contributed to an impressive 15,000 transactions.
#6. Clear Lending
Clear Lending is a reputable lender in the Houston area. They offer over 10 different loan programs with competitive rates and fast closing times.
They also offer a special 1 hour pre-approval time for borrowers in Houston!
#7. Priority Investor Loans
Priority Investor Loans has been a hard money lender in Houston for over 20 years. They offer loans for several different situations, including fix-and-flip hard money loans and long term rental property loans. Priority Investor Loans’s has a solid process that makes the entire experience quick and easy.
#8. Larry the Lender
Larry The Lender is hard money lender in Houston, TX. They offer loans throughout mostly Houston and Austin. They provide hard money loans for commercial properties, rental properties, cash out refinances and fix & flip loans. They provide reasonable terms in the 6-12 month range and competitive rates around 12-13%.
#9. Gold Quest Group LLC
Gold Quest Group LLC is a full service Residential, Commercial, and Heavy Industrial lender with over 22 years of experience. They have lended over $500,000,000 in Texas and across the United States, so they certainly know what they’re doing. They boast an A+ rating with the BBB as well.
#10. Blink Lending
Blink Lending offers a full spectrum of hard money loans for investors in Houston. They offer fast pre-approval and quick turnaround times.
Best Hard Money Lenders Houston TX FAQ
Who is the best hard money lender in Houston?
Here’s our short list of the top 10 Best Hard Money Lenders in Houston:
- Noble Mortgage & Investments
- Catalyst Funding, LLC
- Jet Lending, LLC
- Tidal Loans
- ZeusLending.com
- Clear Lending – First Time Home Buyer Loans
- Priority Investor Loans
- Larry The Lender
- Gold Quest Group, LLC
- Blink Lending
What do Houston hard money lenders charge?
Hard money loan rates in Houston range from about 8 percent to 15 percent. Most hard money lenders also charge points or origination fees on a loan. 1 point is equal to 1 percent of the loan. These fees can range from 1-3 percent.
Do Hard Money Lenders in Houston require appraisals?
With most hard money lenders in Houston TX, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What is hard money in Houston?
Like any other state, hard money loans in Houston are loans often secured by real estate which are used to purchase and/or rehab residential or commercial properties. They’re typically more expensive than traditional financing but can be closed much faster and oftentimes with less paperwork.
