0-Hard Money Lenders

Hard money carry interest rates even higher than traditional subprime loans. Since traditional lenders, such as banks, do not make hard money loans, hard loan lenders are sometimes private individuals that see value in this type of potentially risky venture.

Hard money lenders are used in turn around situations, short-term financing, and by borrowers with poor credit but substantial equity in their property that wish to stave off foreclosure.
A true hard money lender will not use your credit score or verify income. They only care about what the house is worth and how much equity is will be in the house when all is said and done. They tend to have quick closings and are extraordinary if you are a real estate investor that needs fast cash for a purchase or a flip.

The National Hard Money Association (NHMA) works solely to foster the development of our industry and to serve our members and the public through networking and educational opportunities, communications, industry resources, partnership development, public relations, advocacy and ethical standards.