Short-term lending for investment properties in Ohio
- 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 Ohio. 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 Ohio.
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 Ohio.
Minimum Documentation
The following documents will be required to get approved for an Ohio hard money loan.
- Driver’s License or State ID
- Articles of Organization
- LLC Operating Agreement
- EIN Letter
- Certificate of Good Standing
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 Ohio?
The minimum credit score for an Ohio 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 Ohio
Here are the best places to flip a house in Ohio.
- Columbus
- Cleveland
- Cincinnati
- Toledo
- Dayton
- Akron
- Youngstown
Is Ohio good for house flipping with hard money?
Ohio has many cities where lots of people are moving for jobs, especially in healthcare, education, and technology. This means higher demand for homes, which is ideal for real estate investors. Ohio also has universities and colleges that attract students who need places to live.
Columbus, Cleveland, and Cincinnati have lots of outdated inventory for flippers. In combination with OH’s affordable housing prices, “The Buckeye State” becomes a great place to flip homes.