hard money loan approval

Finding the Right Hard Money Lender for Your Primary Residence

By on November 30, 2025   /   Finding the Right Hard Money Lender for Your Primary Residence, Flipping Houses In Arizona, hard money loan approval, hard money loan requirements, hard money loans, Investment Property Loans  
Finding the Right Hard Money Lender for Your Primary Residence
 Finding a hard money lender that is a good fit for your home is like searching for a soulmate. You should look into many loan providers to choose the one that is most suited to your situation. Find the best lender for your needs by comparing their fees and interest rates. You can get the financing you need to purchase your ideal house if you go to the correct lender.

Doing Research on Hard Money Lenders and Making an Evaluation

Read reviews and look at their websites to get a feel for what people think of them. When looking for a loan, it’s important to evaluate their costs and interest rates. If you put in the time and effort, you may locate a reliable lender who will work with you to purchase the house of your dreams.

Think About Their Standing, Background, and Success Rate

Similar to picking a sports team, it’s wise to research the background, expertise, and performance of potential hard money lenders. Ask around to see if they have a solid reputation among their previous customers. Find out if they’ve assisted other people in purchasing properties. With these factors in mind, you should have no trouble locating a reliable mortgage lender.

Evaluate Different Fees and Interest Rates

Take a look at the total cost of the loan, including interest and any additional fees the lender may impose. You can locate the most cost-effective house loan alternative by evaluating these expenses offered by different lenders.

Loan Agreement Reading and Comprehending

Loan agreements are similar to reading the rules of a new board game before you play. Peruse the loan agreement thoroughly. Verify that you fully grasp all of the lender’s stated terms and conditions. This way, there will be no unpleasant surprises down the road because you will have fully understood what you are consenting to.

How to Work with a Hard Money Lender for a Smooth Deal

Working with a hard money lender is like entering a competitive game: you want to come out on top. Get your needs and situation out to the lender straight and honest first. Stay in touch and don’t be afraid to ask questions if you have any doubts. You can accomplish your objective of purchasing your dream home by adhering to these suggestions and maintaining organization during the transaction with your hard money lender.

Achieving Reasonable Goals

You need to be honest with yourself about your abilities when you set reasonable expectations, much like when you plan a vacation with friends. Realize that there is a process involved in obtaining a loan and that there may be obstacles to overcome. Be flexible and ready to deal with setbacks; perfection is unrealistic. If you want to secure a house loan, being realistic will help you stay positive and focused.

Clear and Effective Communication with the Lender

Make sure the lender understands what you need by communicating effectively with them, just like you would with a teacher discussing an assignment. Tell the truth about your worries and current financial condition. If something is unclear or doesn’t feel right, don’t be shy about asking inquiries.

Having a Well-Planned Way Out

It is prudent to have a well-thought-out plan B ready in the event that your A-game doesn’t pan out. Prepare for the worst-case scenario by considering your options, such as how you will handle the loan repayment. Think about your options, such selling the property or looking into refinancing the debt. Feeling secure and ready for anything that may come your way during the loan process is possible with a well-thought-out plan.

Comprehending the Repayment Agreement

Knowing the rules of a game before you play it helps you prevent surprises later on, just like understanding repayment terms and conditions. Read the terms carefully to familiarize yourself with the amount you must repay, the due date for installments, and any fees associated with late payments. Ask the lender to clarify anything you don’t understand. You can keep on top of your payments and prevent additional costs or problems in the future by comprehending these terms.

Summary

Considering the advantages of hard money lenders is like going back to the reason we enjoy playing our favorite game: it’s exciting and entertaining! When time is of the essence, hard money lenders can provide a solution that standard banks just can’t match. They make it easier for consumers to buy homes by caring more about the property’s value than your credit score. More choices for getting the money you need to buy a house are available to you when you work with hard money lenders.

If you’re interested in getting involved with real estate investing and need the capital to purchase properties hard money is a great way to get started.  Brad Loans has extensive experience in both real estate investing and hard money lending and is proud to offer Phoenix Valley real estate investors the financing they need.  It is easy to get started applying for hard money loan and Brad Loans is able to work with clients with bad credit and no credit. We are your source for hard money when traditional banks say no.  Read more about Brad Loan’s hard money loan programs or get started fill out our hard money loan application or give us a call to ask questions at 602-999-9499.

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Questions To Ask Before You Get A Hard Money Loan

By on October 20, 2025   /   Flipping Houses In Arizona, hard money loan approval, hard money loans, Investment Property Loans, Questions To Ask Before You Get A Hard Money Loan  
Finding the Right Hard Money Lender for Your Primary Residence

The process of obtaining a hard money loan is substantially less difficult than that of obtaining a bank loan; nonetheless, applicants still need to be aware of what they are getting themselves into before submitting an application. There are five questions that you should ask yourself before you sit down to talk with your hard money lender if you are considering using hard money to fund a real estate acquisition. Here are the questions:

1. What strategies do you have in place to pay the monthly loan payments?

Due to the fact that hard money loans are asset-secured loans, it is essential to ensure that you will be able to make the monthly payments on the loan in order to avoid losing the property that is used to secure the loan. Numerous hard money lenders, provide loans that are contingent solely on the repayment of interest. There are also some that will contain cash to construct a payment reserve, provided that the property in question has a loan-to-value (LTV) ratio that is sufficiently high to meet the higher loan amount.

2. Could you please describe the appearance of your credit history?

Your credit history and score can nevertheless have an impact on the interest rate that you are charged for your loan, even though hard money lenders do not normally base their acceptance decisions on credit scores in the same way that banks and other institutional lenders are required to do. As a result, before to submitting your application for a loan, it is recommendable to take care of any problems that you could be experiencing with your credit.

3. How much of a return do you expect to receive on your investment?

Before submitting an application for a hard money loan, it is essential to consider the expenses of the loan, which are generally always greater than those of a standard commercial mortgage, in comparison to the return that you anticipate receiving (either from the sale of the property or from the enhancement of its potential to generate revenue).

4. How do you plan to pay off the majority of the loan installments?

If you want to get a hard money loan, this is perhaps the most crucial question you need to answer before you get one. This is because your hard money lender will definitely want to know the answer to this question before they will approve and underwrite your loan. The duration of hard money loans is often between six months to three years, making them a type of short-term loan. Refinancing with a conventional lender or selling the home are two common exit alternatives that are utilized.

5. Do you have a connection with a lender who has a good reputation?

There are both good and bad hard money lenders, just like there are in any other industry. Be wary of brokers who are pretending to be hard money lenders but who are unable to actually decide whether or not to fund your loan on their own for whatever reason. If you are looking for a reliable lender, they will supply you with referrals and testimonials to assist you in conducting necessary research on them. Additionally, you should be sure to inquire about the terms of their loan, and you should steer clear of any lender who either refuses to provide their terms or whose terms appear to be too good to be true (as they typically are!).

Phoenix Hard Money Real Estate Loans

If you’re interested in getting involved with real estate investing and need the capital to purchase properties hard money is a great way to get started.  Brad Loans has extensive experience in both real estate investing and hard money lending and is proud to offer Phoenix Valley real estate investors the financing they need.  It is easy to get started applying for hard money loan and Brad Loans is able to work with clients with bad credit and no credit. We are your source for hard money when traditional banks say no.  Read more about Brad Loan’s hard money loan programs or get started fill out our hard money loan application or give us a call to ask questions at 602-999-9499.

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Is Phoenix Flippable in 2025?

By on September 8, 2025   /   Flipping Houses In Arizona, hard money loan approval, hard money loans, Investment Property Loans  
Is Phoenix flippable in 2025?

The Phoenix metro area the highest delisting rate in the country this year, which means sellers are blinking first and you’ve got leverage… but it’s not a full-on buyer’s market. Think “balanced with buyer edge,” not “fire sale.” Axios MarketWatch

  • Delistings surged in Phoenix this spring,softer seller posture, more price cuts. AxiosMarketWatch

  • List-to-sale is under 100%, days on market are elevated vs. boom times, patience wins. RealtorZillow

  • Median prices have flattened/slipped a touch YoY,  great for entry pricing, but you can’t count on rising comps to bail you out. RedfinZillow

Neighborhood Playbook

1) Alhambra / Melrose (Central Phoenix)

1950s ranches + mid-century charm near light-rail stops = cosmetic flip heaven (floors, kitchens, baths, landscape, paint). Entry prices are still sane, and the buyer pool loves “done” homes here. Wikipedia+1

Target deal: 3/2, 1,400–1,700 sq ft ranch with tired kitchen/bath, good bones.
Why now: Rail-access lifestyle sells; comps reward tasteful mid-century refreshes. Wikipedia

2) South Central / Central City South (along the new rail hub/extension)

The South Central Extension & Downtown Hub ties these neighborhoods tighter to downtown, a classic “buy the corridor” play. Not a guarantee, but transit adjacency historically boosts absorption after the dust settles. Newsweek YouTube

Target deal: Small SFRs or duplexes needing systems + cosmetic; prioritize walkability to stations.
Why now: Sellers are more flexible in softer pockets; ride the connectivity story. Axios

3) Sunnyslope (North-Central)

Hilly views, hospitals/employers nearby, eclectic stock. Value jumps when you fix the “big three” (roof/HVAC/windows) and add clean, light interiors. Wikipedia

Target deal: 1950s–60s 3/1 or 3/2 with tired systems; add curb appeal and energy efficiency.
Why now: Median pricing isn’t running away; buyers reward move-in ready. Redfin

4) West Valley “new-build shadow” (Goodyear/Buckeye/Verrado) — with caution

There’s demand, but you’ll be competing with builder incentives (rate buydowns, credits). Only touch undervalued resales with unique lot/location or where you can beat builders on monthly payment via price. MarketWatch Wikipedia

Target deal: Quick cosmetic turns close to schools/parks; keep budgets tight.
Why now: You can win if you buy well below builder-comparable pricing. MarketWatch

Ideas To Consider

Buy assumptions, not dreams. Base ARV on the three best closed comps in 0–90 days, then haircut 2–3% to stay conservative. DOM is sticky; don’t count on appreciation to save you. RedfinZillow

  1. Hold-time reality: National flip time ~166 days; Phoenix isn’t magically faster right now. Pad your carry 6 months. FairFigure

  2. List-to-sale spread: Assume 98–99% of list on exit, not 102%. Price to move and beat stale inventory. Realtor

  3. Margin discipline: In this tape, shoot for 12–15% gross on median homes after rehab (you’ll net less after fees). That lines up with current national/Arizona snapshots. FairFigure

Rehab strategy that sells now

  • Energy & comfort first: New HVAC, efficient windows where needed, solid insulation — buyers feel it at showings (and in payments).

  • Kitchen/bath light-bright: Quartz, clean tile, updated lighting. Skip over-personal design.

  • Curb appeal: Gravel refresh, desert-friendly plantings, modern house numbers, mailbox, and a bold (but tasteful) front door.

  • Inspection killers: Roof, sewer, electrical — kill re-trades before they start.

Quick deal checklist (save this)

  • Buy box: 3/2, 1,200–1,800 sq ft; 1950–1975 stock (Central PHX/Sunnyslope) or 1985–2005 (West Valley).

  • Entry discount: 20%+ below fixed-up comps minus rehab; builders’ incentives in West Valley mean you need extra spread. MarketWatch

  • Budget guardrail: Cosmetic $35–$55/sq ft; add $10–$20/sq ft if major systems.

  • Timeline: 6 weeks reno + 8–10 weeks to close = budget 4–6 months total; pad to 6. FairFigure

  • Exit: List clean, price sharp, consider rate buydown credit vs. price cut if showings stall (you’re competing with builders doing exactly that). MarketWatch

Phoenix Hard Money Real Estate Loans

If you’re interested in getting involved with real estate investing and need the capital to purchase properties hard money is a great way to get started.  Brad Loans has extensive experience in both real estate investing and hard money lending and is proud to offer Phoenix Valley real estate investors the financing they need.  It is easy to get started applying for hard money loan and Brad Loans is able to work with clients with bad credit and no credit. We are your source for hard money when traditional banks say no.  Read more about Brad Loan’s hard money loan programs or get started fill out our hard money loan application or give us a call to ask questions at 602-999-9499.

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