Introduction
Texas real estate investors often need to act fast on deals. They need funding right away, and they can’t wait for banks with all their rules. This is where hard money lenders can help. These lenders give quick loans based on what the property is worth. People use them for fix-and-flip projects, rental homes, or land deals. Picking the right hard money lender can be the thing that makes your deal a success or causes you to miss out.
Here are three top-rated hard money lenders in Texas. They are known for being fast, clear, and good to people who want to put money in real estate.
1. Longhorn Investments
Overview
Longhorn Investments is in Dallas and is known as one of the top hard money lenders in Texas. The company offers loans for people doing residential rehabs, renting homes, or starting new building projects. You can find them helping with these types of loans in all the big cities in Texas.
Key Features
- Loan Amounts: You can get a loan from $75,000 to $2,000,000.
- Loan Types: There are fix-and-flip, bridge loans, and rental loans.
- LTV (Loan-to-Value): Get up to 70% of the property’s after repair value.
- Closing Time: The deal can close in as little as 3 to 5 days.
- Term Lengths: The term is between 6 to 12 months.
Why Choose Longhorn?
Longhorn is special because they do all of their own underwriting. This helps them approve things faster. They work with people who are new and those who have more experience. That is why they are a good choice if you are just starting out as an investor.
2. HouseMax Funding
Overview
HouseMax Funding is based in Austin. The company gives fast loans to people who invest in real estate. They are known for having lending terms that can fit different needs. They also know a lot about the Texas market.
Key Features
- Loan Amounts: You can get a loan from $50,000 to over $1,000,000.
- Loan Types: There are fix-and-flip, buy-and-hold, and new construction loans.
- LTV: You can get up to 75% of the ARV.
- Closing Time: Loans can close in 5 to 10 business days.
- Term Lengths: Loans last 6 to 12 months. Extensions are available.
Why Choose HouseMax?
HouseMax is a good choice for people who have been investing for some time and need more money to work with. Their rates are low, which helps you get the most out of your investment. HouseMax also lets you refinance finished projects. This is helpful if you want to use the value that your property has built up.
3. Noble Mortgage & Investments
Overview
Noble Mortgage has been helping people in Houston and nearby places since 2003. This lender gives many options for real estate money help. They always work to teach others, be open about what they do, and give support to people who invest.
Key Features
- Loan Amounts: The loan can be from $75,000 to over $2,000,000.
- Loan Types: You can get fix-and-flip, rental, or construction loans.
- LTV: You can get up to 70% of the after-repair value.
- Closing Time: Most loans close in about 7 days.
- Term Lengths: The loan time is 6 to 12 months. Rental loans may be longer.
Why Choose Noble Mortgage?
Noble is known for its strong customer support and free workshops for investors. These events help people who are just starting and those who have experience in this area. They can help you make better choices with your money. Noble offers both bridge and long-term loans, so this works well if you use the BRRRR strategy.
Conclusion
Whether you are flipping a house in Dallas, refinancing a rental home in Austin, or starting a new building project in Houston, picking the right hard money lender is very important. Longhorn Investments, HouseMax Funding, and Noble Mortgage each have different strengths. You can find speed, a focus on teaching people, and great service with them.
Before selecting a lender, be sure to:
- Look at the rates and fees
- Learn about how to get approved
- Know your plan for when you want to leave
A good hard money lender is not just someone who gives you money. They are like a partner in your investment. They help you reach your goals.