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Average Hard Money Loan Rates

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Higher rates than even subprime loans are typical, ranging from 12-21%. If a default occurs, the rate generally increases to around 25% to 29%. Hard Money Loans are an alternative form of lending for investors who don’t fit traditional lending criteria.

Hard money loan rates are typically between 7 percent and 15 percent and vary by lender as well as the deal and the borrower’s qualifications. When readers buy products and services discussed on our site, we often earn affiliate commissions that support our work.

Competitive hard money rates from a direct private hard money lender based in San Antonio, Texas with more than 25 years experience serving Texas borrowers.. * All loans fully escrowed for taxes and insurance * 6 month extensions available for 1% fee for loans in good standing. Fee may be.

The average interest rates charged on hard money loans are between 11 and 18 percent of the total amount of the loan. This rate is more than twice the average rate on a conventional mortgage, which is can fall between 4 and 6 percent of the total loan amount.

Hard Money Loan Percentage Rates The “hard” in hard money lending refers to the higher price which is charged to borrowers both in terms of interest rates (typically high single digits or low double digits) and higher loan origination fees (often around 2 percent of the loan amount, versus 1 percent or less for a typical bank loan).

Hard money rates can range from 7.5%-18%, as compared to current mortgage rates which are currently in the 4% range. Points and Loan Origination Fees Hard money lenders sometimes charge more upfront than traditional mortgages, typically in the range of one to seven points.

Rates for hard money loans average 11.0 %. 24 months is the median length for notes issued in this city. The average hard money loan made in the city includes a 3.9 point origination fee. Anchor Loans is a California based Hard Money Lender. They provide loans in 46 states throughout the US.