Who are the Best Hard Money Lenders in San Antonio TX?
Finding the best hard money lenders in San Antonio can be challenge. San Antonio is one of the best states to wholesale and flip. 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 thousands of dollars. On the flip side, a good hard money loan can provide the funding you need faster than almost any other option. San Antonio hard money lenders can give you the buying power you need to scale your real estate business and grow.
San Antonio has a good selection of hard money lenders operating around the city. The mean note issued to borrowers is around $240k. Interest rates for hard money loans average around 10-13%. The average note issued in the city is for 6-12 months. Expect to pay 3-4 points for origination. Hard money lenders in San Antonio average a 70-75% loan to value on their deals.
Here’s our short list of the top 6 Best Hard Money Lenders in San Antonio:
- Investmark Mortgage
- Noble Mortgage & Investments
- ZeusLending.com
- Blink Lending
- DFW Speciality
- Longhorn Investments
The Top 6 Best Hard Money Lenders in San Antonio
1. Investmark Mortgage
Investmark Mortgage is a 3-time award-winning hard money lender, that covers North Texas, Central and South Texas, and surrounding areas. They are a direct lender (not a broker), and will make funding your next investment property easy. They come highly rated on Google and are one of the most reputable lenders in the area. Plus, they give repeat clients a very nice reduction in costs.
Here’s some more details for new investors:
- 12.99%
- Interest Only
- 3% Loan Fee (1% at closing, 2% at payoff)
- $795 Processing Fee
- Up to 12 month term
- Good Credit, Income & Reserves
- Up to 70% LTV
- 100% Financing Available!
- 100% Rehab Funds Included
2. 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.
#3. 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.
#4. 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.
#5. DFW Specialty Lending
DFW Speciality Lending offers competitive rates and terms that are not available through traditional avenues. Closings are typically within only 7 to 10 days, and in some cases, as little aas 24 hours.
Coming in at an avergae 60-70% LTV, they do have somewhat stricter LTVs than other lenders on the list. In any case, they’re reputable lenders with great reviews.
#6. Longhorn Investments
Longhorn Investments is one of the best hard money lenders in Dallas. They were formed in 2008 and have funded thousands of loans since inception. They also offer complementary services incincluding title work and real estate law. They have programs for rehab fix and flips and also longer term rental properties.
Here are more details:
- Starting at 11.99% interest only payments (depends on deal and location)
- Starting at 2.99 points origination (depends on deal and location)
- Appraisal Fee: $425 – $550 (dependent upon location and independent appraiser’s fee)
- Draw Inspection Fee
- Loan Documents: $475
- Loan Admin Fee: $500
- Credit Report Fee: $40 ($45 for Joint)
- Monthly Servicing Fee: $15
- LTV up to 75%
Best Hard Money Lenders San Antonio Texas FAQ
Who is the best hard money lender in San Antonio?
Here’s our short list of the top 6 Best Hard Money Lenders in San Antonio:
- Investmark Mortgage
- Noble Mortgage & Investments
- ZeusLending.com
- Blink Lending
- DFW Speciality
- Longhorn Investments
What do San Antonio hard money lenders charge?
Hard money loan rates in San Antonio 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 San Antonio require appraisals?
With most hard money lenders in San Antonio, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What is hard money in San Antonio?
Like any other state, hard money loans in San Antonio 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.
