FAQ – Hard Money Loan Requirements | 24 Hour Hard Money

Question 1

What loan programs do you offer?

Accepted Answer

We offer Fix & Flip, Bridge Loans, Cash-Out Refinance, Ground-Up Construction, Nationwide 600 FICO, and Fix & Flip Line of Credit programs. Each is designed for different investor needs and timelines.

Question 2

What's the difference between Fix & Flip and Bridge Loans?

Accepted Answer

Fix & Flip is designed for renovation projects with 90% purchase + 100% rehab financing. Bridge Loans are short-term financing for time-sensitive deals like auctions or foreclosure bail-outs.

Question 3

What are your current interest rates?

Accepted Answer

Rates typically range from 9% to 13.99% depending on the program, loan amount, and deal structure. Call us for a personalized quote.

Question 4

What loan terms do you offer?

Accepted Answer

Terms range from 6 to 24 months depending on the program. We work with you to match your project timeline.

Question 5

Do I need good credit to qualify?

Accepted Answer

No. Our Texas programs require no FICO score. Nationwide programs require a 600 FICO minimum. We focus on the deal, not your credit history.

Question 6

What documents do I need to apply?

Accepted Answer

Typically just a property address, purchase contract or current deed, and a brief description of your project. No tax returns or appraisals required for Texas programs.

Question 7

What types of properties do you finance?

Accepted Answer

We finance single-family homes, multi-unit properties, commercial real estate, and land. We work with fix-and-flip projects, rentals, and ground-up construction.

Question 8

What's your maximum LTV?

Accepted Answer

LTV varies by program. Fix & Flip goes up to 70% LTV. Nationwide 600 FICO up to 75% LTV. Ground-Up Construction up to 65% LTV including land.

Question 9

How fast can you close?

Accepted Answer

With a complete package, we can close in as little as 24 hours. Most deals close within 3–7 days. Speed is our specialty.

Question 10

What's considered a 'complete package'?

Accepted Answer

A complete package includes a signed purchase contract or current deed, proof of funds or pre-qualification, and a clear title report. We'll guide you through what we need.

Frequently Asked Questions

Loan Programs

Rates & Terms

Credit & Requirements

Property & LTV

Speed & Closing

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