Short-term lending for investment properties in Pennsylvania
- 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 Pennsylvania. 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 Pennsylvania.
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 Pennsylvania.
Minimum Documentation
The following documents will be required to get approved for a Pennsylvania hard money loan.
- Driver’s License or State ID
- Articles of Organization
- LLC Operating Agreement
- EIN Letter
- Certificate of Subsistence
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 Pennsylvania?
The minimum credit score for an Pennsylvania 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 Pennsylvania
Not sure where to invest? Consider these cities in Pennsylvania for flipping.
- Pittsburgh
- Philadelphia
- Allentown
- Erie
- West Chester
- Bethlehem
- Harrisburg
Is Pennsylvania a good place to invest with hard money?
Investing in Pennsylvania real estate with hard money allows investors to scale quickly and efficiently without using their own money. “The Keystone State” has many cities that are growing all at once, attracting people for jobs and education, which increases demand for housing.
Pennsylvania is also known for its historical homes that are in need of renovations, making it an ideal place for house flippers. Using hard money loans in Pennsylvania, allow new investors to scale and increase the frequency of how often they can invest in real estate.