Google 5-Star Rated Direct Hard Money Lender
- No Prepayment Penalties
- No Income Requirements
- No Minimum FICO Scores
- Direct Lender
- Fast Approval and Funding
- Minimal Paperwork
- Past BK, Foreclosure – OK
- Foreign Nationals – OK
- Owner Occupied – OK
Residential Hard Money Lenders
Since its inception in 2007, Source Capital has funded hundreds of millions of dollars in residential loans. As a direct, licensed lender with a combined 65 years of experience, our clients can count on us to deliver fair terms and fund quickly. We work with all types of borrowers and understand even the most complex scenarios. In most cases, Source Capital is faster and more cost-effective than the competition. We have the capital, expertise, and knowledge to fund your residential loan. Whether you’re purchasing or refinancing a condominium, single-family residence, duplex, triplex or quadruplex, we can help fund your residential hard money loan.
At Source Capital, we are licensed and insured in California, Minnesota, Colorado, Texas and Arizona. As a direct hard money lender utilizing our own investory capital, we process, underwrite, and fund all hard money loans in our office. Not only do we understand real estate hard money lending, but we have an impressive track record with the highest ratings on BBB, Google, and Yelp. We have funded over $400M in hard money loans to hundreds of satisfied borrowers, brokers, and real estate professionals.
General Terms and Conditions
We have some of the most favorable commercial hard money terms in the industry and understand how important it is to offer our clients fair terms. Our customers never worry about penalization for paying off a loan early or being hassled with “junk fees” and ridiculous terms. Call or apply now and see just how great our residential hard money loan terms are. It’s fast, easy and most important— free!
NOTE: All loans are secured by real estate only.
What is a Residential Hard Money Loan?
Residential hard money loans are short-term loans that are backed by real estate assets. Also called bridge loans or no-doc loans, hard money loans are a great option for real estate investors looking for a loan quickly. At Source Capital, we provide loans with terms up to 36 months without tacking on “junk fees” or superfluous terms. While banks typically look at your credit score, financial history, and foreclosures, we are less about your personal obstacles and focus on equity. Hard money lenders for residential homes calculate your property’s equity and use value this to secure the loan.
Residential Property Types
We fund hard money loans to a variety of different residential properties, from standard family homes to multi-unit projects. As a premier direct hard money lender, we have the experience and capital to help borrowers looking to purchase property or refinance an existing hard money loan. We also work with real estate agents and hard money mortgage brokers who are looking to help their clients secure a private money loan.
Along with residential properties, we issue hard money loans for fix and flip projects as well. Whether you’re a seasoned house flipper or just beginning to remodel homes, hard money loans can get you started. Residential hard money loans are a great option for real estate investors looking to do a complete rehab of a home, a smaller remodeling job, or to buy and hold a property to diversify their real estate portfolio.
Why Choose Private Hard Money Loans?
There are numerous scenarios where you may decide to choose a private hard money loan. If you were recently denied a loan from a bank or traditional lender, a private hard money loan is a viable option because hard money lenders focus your equity, not your financial history. Or, someone may want a hard money loan for a residential property because they’re self-employed or do not have a strong enough employment history, which is often needed by a bank to issue you a loan.
Source Capital is proud to provide asset-based funding for people like you — giving you access to the capital you need to get your project off the ground. While banks require piles of paperwork and financial history documents that take months to get approved, we provide 24-hour loan approvals and closings in less than 10 days. We use private capital that optimizes speed and flexibility, two things banks can’t do. Based in San Diego, we provide California hard money loans to savvy investors wishing to buy, renovate, or flip property. We also specialize in hard money loans in Colorado, Texas, Arizona and Minnesota as well— offering streamlined service to secure your new property in no time!
When is it Appropriate to Get a Private Hard Money Loan?
When determining various financing options for real estate, it’s important to understand when certain loans are appropriate. here are numerous scenarios when applying for residential hard money loans is more appropriate. Take a look at these cases where private money loans for residential real estate is a good option:
- Low credit score: Banks and traditional lenders will typically deny you if you have a low credit score because they do not believe you’ll be able to pay them back. At Source Capital, we’re more focused on your property equity rather than your financial background.,
- Need Funds Quickly: If you’re a real estate investor looking to acquire a bid, being able to close quickly with money upfront will entice the seller, and set you apart from the competition
- Fix-and-Flip: If you’re a real estate investor focusing on flipping houses, hard money loans are the way to go. While banks typically issue loans based on the original home value, hard money lenders focus on the after repair value, giving you more bang for your buck
- Foreclosure: If you’re facing foreclosure, some borrowers use hard money loans with real estate as their collateral to avoid losing their home
How do I Qualify for a Private Hard Money Loan?
If you’re looking to get approved for a private hard money loan in California, Arizona, or Minnesota, Source Capital is the lender to trust. If you’re nervous about approval, set those worries aside. Our professional hard money lenders for residential homes can help.
Whether you’re looking for Texas hard money loans or hard money loans in Minnesota, qualifying is easy. We work diligently with our customers on a case by case basis to keep your individual circumstances in mind. This way, you’ll walk out the door with the best terms possible for your financial situation. Our residential hard money loans begin with an interest rate as low as 7.99 percent, and we finance up to 70 percent loan to value ratios for all of our customers. To discover future financial opportunities for you, contact one of our seasoned hard money lenders to begin your real estate ventures today!
Choosing a Residential Hard Money Lender
When it comes time to choosing a residential hard money lender, you want to find someone you can trust. After all, real estate financing is a big commitment! Source Capital has widely trusted California, Texas, Colorado, Minnesota, and Arizona hard money lenders. We have a proven track record of helping over a thousand clients, mortgage brokers, and real estate agents invest in real estate with over $400M in loans already funded. With an A+ rating with the Better Business Bureau (BBB), and five-stars on Google, Yelp, Yahoo!, and Bing, we’re known to have a trustworthy reputation for satisfying our customers. With immediate access to capital, we make applying for a loan fast and easy!
The Bottom Line
At Source Capital, we aim to help our clients achieve their real estate dreams. With loans for single-family residences, condominiums/apartments, duplex, triplex, and quadruplex units, or for fix and flip projects, beginning your new business adventure has never been easier. Whether you have poor credit, a short sale, or foreclosed home, we’re here to help! We’re all human and life throws us curveballs sometimes. Our team of residential hard money lenders are here to help you move past your previous financial situations for a better future in real estate.
Source Capital has the best customer service in the industry and works with each client on a personal basis to determine your equity and form a loan in your best interests. If you have any questions or want to speak with one of our hard money lenders, contact us today at 888.249.9827 to begin your new real estate journey.
General Terms and Conditions
No Prepayment Penalties
Rates from 8.99%
Loan To Value up to 65%
Terms Up To 36 Months
Origination Fees From 1.75%
We have some of the most favorable commercial hard money terms in the industry and understand how important it is to offer our clients fair terms. Our customers can count on never having to be penalized for paying off a loan early or be hassled with “junk fees” and ridiculous terms. Call or apply now and see just how great our residential hard money loan terms are. It’s fast, easy and most important- free!
NOTE: All loans are secured by real estate only.
Over 151+ Google Reviews and Counting
“The staff at Source Capital has helped me create new income streams. They are consistent, direct and deliver every time.”
“As a lender myself, working with Source Capital shows that there are still a lot of good people in our industry, and we will definitely be in connection to do future business together. Job well done.”
“We were very pleased with the service we received from Source Capital. Communication was clear and responsive, funding was quick, and terms were as agreed and proposed.”
“Recently completed another flawless transaction with Source Capital. Why would anyone want to go anywhere else? They’re the best.”
“The team at Source are consummate professionals who work efficiently and effectively. Simply stated- truly exemplary and professional people”
“Source Capital has been an absolute pleasure to work with throughout. These guys are on top of their game”
“In all my years, I can confidently say they are the most professional, prompt, courteous, and efficient private lender I have ever worked with!”
“They were very responsive and extremely helpful and would certainly use them again. I highly recommend their services.”
“I have never dealt with a hard money lender before but I can tell you my experience with Source Capital was very positive. I highly recommend”
“I have always had a highly professional and honest experience with everyone on their team and would recommend to anyone looking for financing.”
“They are always so patient, helpful, and professional. and have helped me so much! This can be such a stressful process, but they make it all so easy.”
“Smooth and fast transaction as the loan was funded in 8 days. They are a pleasure to work with – Strongly Recommended.”
“Highly recommend Source Capital Funding if you need money fast and you value efficiency. I will go back to them again if I need funding in the future. “
Residential Property Types
Single Family Residence
Condominium / Apartment
Duplex, Triplex, Quadraplex
Fix and Flip
Buy and Hold
We fund hard money loans a variety of different residential properties from a standard family home to a multi-unit project. As a direct hard money lender, we have the experience and capital to help borrowers looking for a purchase or refinance hard money loan. We also work with real estate agents and hard money mortgage brokers who are looking to help their clients secure a private money loan. We are based in San Diego, California and have helped thousands of clients as we are a premier California hard money lender.