Use only the rental income from your investment property to qualify. No tax returns, W-2s, or Paystubs!
Many investors are focused on expanding their rental portfolios. But after business tax deductions, traditional income qualifications set by most hard money lenders make it near impossible to qualify. At HouseMax, we prioritize the income generated by the property itself. We never ask for your tax returns or unrelated sources of income. We offer a significantly higher loan-to-values for rent loans, which means more money in your pocket.
Hard money loans are specific short-term advances the lender provides for the purchase of a property. Such a loan is an excellent option if you are an investor that is looking to close a loan quickly. The average hard money loan process can complete in 10 business days or less in most cases.
Most hard money loans that are for rental properties pay off in 90 days or less. If the repairs are completed in 30 days or less, and you immediately get it rented, your tenant will be making your payments. We have actually had some clients refinance in under 45 days. On properties being flipped, the current average loan duration for our clients is 120 days.
Rental loans are specifically designed for landlords seeking flexible terms and simplified qualification processes. Our borrowers primarily consist of professional landlords who own or aspire to own 10 or more investment properties. Unlike other hard money lenders for rental properties that impose property limits and enforce stringent income requirements, HouseMax provides more accessible, long term rental loans.
Let’s say your investment property’s value is $300,000 and you own it free and clear. Depending on how much rent you earn each month HouseMax can lend you up to 75% of the property’s value. If you have average-above average credit and a rental property HouseMax can help you.
HouseMax Funding specializes in delivering market-leading
fast rental loans and hard money bridge loans. As a top hard
money lender for rental properties, we understand your urgency.
Whether you need quick financing or bridge loans,
our expert team is ready to help.
Discover more about our services and request a quote below
to get started on your rental property journey.
