Is a Hard Money Mortgage Right for You?
When traditional banks say no, hard money lenders may say yes. If you’re a real estate investor, self-employed borrower, or someone needing fast financing on a non-conforming property, a hard money mortgage might be your smartest move.
What Is a Hard Money Mortgage?
A hard money mortgage is a type of real estate-secured loan funded by private investors or companies rather than banks. These loans are typically based on property value, not your credit score or income history. That makes them especially useful when time, credit, or property type prevents you from securing traditional financing.
When Does a Hard Money Loan Make Sense?
Hard money mortgages can be a powerful tool in several situations:
- Fast Funding Needs: Traditional loans can take weeks or months. Hard money loans often close in 7–30 business days, sometimes even faster.
- Credit Challenges: If you’ve experienced a bankruptcy, foreclosure, or short sale, you may still qualify for a hard money loan.
- Non-Conforming Properties: Rural homes, mobile homes on foundations, and properties with zoning issues may not meet bank requirements—but may still qualify for a private money loan.
- Real Estate Investors: Whether you’re flipping a property, building new construction, or bridging a financing gap, hard money can provide the capital needed to act quickly.
- Self-Employed Borrowers: If your income is hard to document traditionally, but you have strong property equity, hard money may be your solution.
Why Hopkins Financial Services Is the Smart Choice
At Hopkins Financial Services, we’ve been helping clients secure smart real estate solutions for over 40 years—funding more than $1 billion in loans and real estate transactions. Here’s what makes us different:
- Experience You Can Trust: Since 1984, we’ve helped borrowers who don’t fit the bank mold.
- Flexible Loan Programs: We fund residential and commercial loans in multiple states, including owner-occupied homes in Idaho and investment properties nationwide (subject to licensing).
- Speed and Simplicity: Our streamlined underwriting means quicker answers and faster closings.
- Straightforward Terms: No balloon payments and No prepayment penalties on Owner-Occupied Residential. And the flexibility to structure other property loan types that make sense for you. Just honest, amortized financing tailored to your needs.
- Real People, Real Answers: We’re not a faceless lender. We’re a family-run business, and we take time to understand your goals.
Ready to Explore Your Options?
If you’re asking whether a hard money mortgage is right for you—the real question is: What’s your goal? If you’re looking for flexible, fast financing backed by real estate, Hopkins Financial Services may be the partner you need.
Contact us today at (208) HOP-KINS (208-467-5467) to see how we can help turn your next real estate opportunity into a reality.
