A Hard Equity/Hard Money loan is a specific type of financing in which a borrower receives funds based mainly on the value/equity of the real estate. Loan applicants typically have bad credit or no credit history, do not meet conventional financing guidelines, are under time restraints to close a transaction, arrears on the existing mortgage or bankruptcy and foreclosure proceedings are occurring, or difficult or no income verification.

Hard Equity/Hard Money loans are often issues as temporary loans until the applicant can restore credit and/or their current financial situation. Interest rates on Hard Equity/Hard Money loans are higher than for conventional loans. Loan amounts for Hard Equity/Hard Money loans typically are calculated on a maximum of 65% of the current market value of the property or of the purchase price.

For borrowers, seeking hard money lenders in Florida has never been easier. The Associates Home Loan of Florida, Inc. offers reliable hard money loan solutions tailored to your unique situation. Our flexible terms and quick approvals can help you secure funds when traditional financing options are not available.

Whether you have a bad credit or no credit history at all, our hard money loans offer a lifeline for your real estate projects. Unlike traditional lenders, we prioritize the value of your property as collateral, providing you with a fair opportunity to secure the funding you need.

Don’t let financial obstacles hold you back; let the Associates be your trusted partner in achieving your goals. Reach out to us today by using our convenient online form or selecting any of our secure contact options.