Hard Money Loans in Oklahoma

Short-term lending for investment properties in Oklahoma

Fix and Flip Loans

Hard money loan for house flipping, specifically for real estate investors to buy, renovate and resell for a profit.

  • No appraisal
  • Up to 90% LTC
  • Up to 100% rehab financing
  • Up to 75% ARV
  • Close as fast as 2 days

Short Term Bridge Loans

Short-term financing or gap funding used as a bridge to permanent financing or resale at a later date.

  • No appraisal
  • Up to 90% LTC
  • Delay long-term financing
  • Purchase/acquisition
  • Close as fast as 10 days

Cash Out Bridge Loans

Short term cash out refinance to buy another investment property, delay long term financing or access cash.

  • 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 Oklahoma. 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

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    • Compare loan options
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    • See how much you qualify for
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Hard Money Loan Requirements

These are the minimum requirements for a hard money loan in Oklahoma.

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 Oklahoma.

Minimum Documentation

The following documents will be required to get approved for an Oklahoma hard money loan.

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 Oklahoma?

The minimum credit score for an Oklahoma 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 Oklahoma

Here are the best places to flip a house in Oklahoma.

  • Oklahoma City
  • Tulsa
  • Edmond
  • Norman
  • Broken Arrow

Is Oklahoma good for house flipping with hard money?

“The Sooner State” is known to be very lucrative for house flippers. It has a net positive migration and relatively low property costs. This makes it possible for new investors to take part in a growing real estate market.

Its economic diversity and growing population contribute to higher returns on investment for flippers. In 2023, Oklahoma grew by 0.85%, the fastest population increase since 2013.

Why buy an investment property in Oklahoma?

Oklahoma is unique because it’s a blend of Western, cowboy culture and famous for its oil fields, which have shaped its economy and history. Oklahoma’s landscape ranges from Great Plains to forests and mountains, making it different from other states.

Oklahoma has benefited from the recent trend of people migrating from large cities to smaller ones. Investors can capitalize on this by using hard money loans to scale their real estate portfolio.