Short-term lending for investment properties in Indiana
- No appraisal
- Up to 90% LTC
- Up to 100% rehab financing
- Up to 75% ARV
- Close as fast as 2 days
- No appraisal
- Up to 90% LTC
- Delay long-term financing
- Purchase/acquisition
- Close as fast as 10 days
- No appraisal
- Up to 90% LTV
- Buy another investment property
- Cash out refinance
- Close as fast as 10 days
Hard Money Loan Terms
Here are the hard money loan terms for investment properties in Indiana. These are asset based loans, so there is no income verification.
Loan to purchase | Up to 90% LTC |
Rehab financing | Up to 100% |
Min loan amount | $75,000 |
Max loan amount | $3 Million |
Interest rate | Start at 9.25% |
Credit score | Minimum 680 |
Loan terms | 3, 6, 12, 18 and 24 months |
Talk to a Hard Money Loan Advisor
-
- Compare loan options
- Get proof of funds today
- See how much you qualify for
Hard Money Loan Requirements
These are the minimum requirements for a hard money loan in Indiana.
Minimum Down Payment
The minimum down payment is 10%.
Business Entity Required
Since these are business purpose loans, a legally registered business is required to get approved. If you haven’t already, file for a new LLC with the state of Indiana.
Minimum Documentation
The following documents will be required to get approved for an Indiana hard money loan.
- Driver’s License or State ID
- Articles of Organization
- LLC Operating Agreement
- EIN Letter
- Certificate of Existence
Speak with a Hard Money Loan Specialist
Hard Money Loan FAQ’s
There are many hard money lending options available. Here are some common questions real estate investors may have.
What credit score is needed for a hard money loan in Indiana?
The minimum credit score for an Indiana hard money loan is 680.
Do hard money loans hurt your credit?
As long as you make your payments on time, they won’t hurt your credit score.
Where to fix and flip with hard money loans in Indiana
Here are the best places to invest in “The Hoosier State”.
- Indianapolis
- Fort Wayne
- Evansville
- South Bend
- Carmel
Is Indiana a good place to invest in with hard money?
Indiana has an affordable housing market, making it easier for new investors to jump in and seasoned investors to scale their real estate portfolio. It’s home to Indianapolis with a strong job market and many major colleges and universities where students constantly need housing.
Using hard money loans in Indiana, allow investors to scale quickly and efficiently when using high leverage.