Texas Hard Money Loans
- Direct Private Lender
- Loans from $100K-$5M
- Quick Approvals. Fast Funding
What is a Texas Hard Money Loan?
A hard money loan in Texas is a short-term financing solution secured by real estate as collateral. Unlike banks, hard money loans help real estate owners and purchasers quickly get the capital they need in just days.
- No minimum credit score requirements
- Past bankruptcy and foreclosure
- No minimum financial reserves or employment required
- Foreign nationals, LLCs, corporations
Terms
Up to 70% LTV and loan amounts from $100,000 to $5,000,000.
Speed
Direct access to capital for fast funding.
Requirements
No minimum credit scores or income requirements.
Benefits
No prepayment penalties or “junk fees”.
Texas Loan Programs
Hard Money Loans
Get fast, asset-based hard money loans for real estate purchases, refinancing, and investment opportunities.
Bridge Loans
Use bridge loans to leverage existing equity and transition between real estate transactions with short-term financing.
Private Money Loans
Secure fast approval and flexible financing through private money loans backed by residential or commercial real estate.
Commercial Loans
Finance commercial real estate purchases, refinancing, renovations, and business property investments with flexible loan options.
DSCR Loans
Get DSCR loans designed for rental property investors using property cash flow instead of personal income.
Owner-Occupied Loans
Access owner-occupied loans with flexible qualification options for refinances.
Investment Property Loans
Secure financing for rental properties, property acquisitions, renovations, and other real estate investments based on property value and investment potential.
Non-QM Loans
Access flexible financing with alternative income documentation and qualification options for borrowers who may not meet traditional lending requirements.
Trust Loans
Obtain financing for real estate held in a trust using the property’s equity and value to support purchases, refinancing, or other financial needs.
What Texas Borrowers Say About Us
How It Works
It takes minutes to complete our online application to get prequalified for a loan.
After underwriting your loan, we will provide you a written Loan Commitment providing loan terms for approval.
In a matter of days, not weeks like most lenders, the loan is funded through escrow and funds wired to you directly.
You make monthly payments via mail, phone or direct deposit. It’s that easy.
Why Source Capital Is One of the Best Hard Money Lenders in Texas
Same Day Prequalification
Texas Loan Rates
|
Interest Rates |
8.99% – 11.99% (1st Position)
11.99% – 13.99% (2nd Position) |
|
Loan Amounts |
$100,000 – $5,000,000 |
|
Loan Duration |
12-24 months |
|
Closing Timeframe |
10 business days or less |
|
LTV ratios |
Up to 70% LTV (1st Position)
Up to 60% LTV (2nd Position) |
|
Prepayment Penalty |
None |
|
Appraisal Fee |
None |
|
Credit Score |
No minimum |
|
Property Types |
Non-owner-occupied (multifamily, industrial, office, retail, and mixed-use) |
|
Origination Fee details |
Starting from 2.0% of loan amount (varies by size & term length) |
Cities We Serve in Texas
- Austin – One of the fastest-growing cities in Texas and an excellent destination for rental property investors.
- Dallas – One of the largest cities in Texas with a wide range of commercial and residential real estate opportunities.
- El Paso – A growing real estate market where home prices are on the lower end.
- Fort Worth – A great place for investors looking for affordable investment opportunities.
- Houston – The largest city in the state with diverse investment opportunities in and around the city.
- San Antonio – The second largest city in the state and an excellent market for investors.
- Waco – A less competitive real estate market where investors can find a wide variety of affordable homes.
As Featured In
Testimonials
“Smooth and fast transaction as the loan was funded in 8 days. They are a pleasure to work with – Strongly Recommended.”
Borna Eftekari
- Agent, Farmers Insurance
“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.”
Lauren Marcus
- Client
“I have always had a highly professional and honest experience with everyone on their team and would recommend to anyone looking for financing.”
Andrew Bellah
- Owner, The Bellah Group
“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.”
Kendall Heath
- Client
“They were very responsive and extremely helpful and would certainly use them again. I highly recommend their services.”
Alvin Fuchs
- Agent, Keller Williams Realty
“In all my years, I can confidently say they are the most professional, prompt, courteous, and efficient private lender I have ever worked with!”
Greg Shields
- Owner, GSI Appraisals
“Source Capital has been an absolute pleasure to work with throughout. These guys are on top of their game.”
Tyler Hanson
- Associate Broker, Cushman & Wakefield
“The team at Source are consummate professionals who work efficiently and effectively. Simply stated- truly exemplary and professional people”
Paul Elam
- Owner, San Diego’s Real Estate
“The team at Source Capital Funding was fantastic. Their professionalism, speed and solid loan terms is why I will be coming back to close more business with them.”
Sergio Abbud
- Senior Loan Officer, Better Rate Mortgage
“Recently completed another flawless transaction with Source Capital. Why would anyone want to go anywhere else? They’re the best.”
Marianne Bordogna
- Agent, Keller Williams Realty
Recently Funded Transactions
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Deal directly with the lender
Frequently Asked Questions
What are the current hard money loan rates in Texas?
Hard money loan rates in Texas usually start at 8.99% and go as high as 13.99%. It depends on the type of property or mortgage you take out.
How do Texas hard money lenders qualify borrowers?
To get a loan from a Texas hard money lender, you need to own or want to purchase real estate. We are an equity-based lender and focus on the asset securing the loan rather than credit, financials, employment or past history.
How fast can I get funded in TX?
You can typically fund and close hard money loans in Texas in roughly 10 days, much like a Texas bridge loan. You should get a firm commitment letter from a lender within 24 hours after submitting your application.
What types of properties qualify for a Texas hard money loan?
Most real estate can be eligible for a hard money loan across Texas. Some examples include multi-family units, offices, retail properties, commercial assets, and industrial complexes.
Who are the best hard money lenders in Texas?
Source Capital is one of the best hard money lenders in Texas based on our approval speed and unwavering commitment to direct asset-based lending. From Fort Worth hard money loans to San Antonio hard money loans, you can get favorable rates and affordable terms in the industry—and in the state. Contact us now to check your eligibility and get fast funding from a premier Texas-based hard money lender.
