Hard Money Program Details

Residential Hard Money loans are based on the After Repaired Value (ARV) of the property and include funds for both purchase and rehab.

Loan Fees
  • *Interest Rates starting at 10.99% (interest-only payments)
  • **As low as 1.99% origination (depends on deal and location)
  • Appraisal Fee: $500 on average (varies by market and turnaround time needed)
  • Loan Documents: Starting at $350.00
  • Loan Admin Fee: $650
  • Credit Report Fee: $80 ($120 for Joint)
  • Flood Certificate Fee: $15
  • Monthly Servicing Fee: $15

* 10.99% interest is reserved for our Longhorn Loyalty Program for borrowers who have successfully paid off three deals with Longhorn Investments and are in good standing.

** 1.99% is reserved for our Longhorn Loyalty Program for borrowers who have successfully paid off three deals with Longhorn Investments and are in good standing.

Loan Terms
  • A mortgagee’s title policy is required.
  • An insurance policy is required on all loans for the term of the loan.
  • Up to 75% of the After Repaired Value in Rental properties (excluding points and fees), not to exceed 100% of cost *Proof of Refinance Required
  • Up to 70% of the After Repaired Value on Flips (excluding points & fees), not to exceed 100% of cost.
  • 6 month term
  • 3 month optional extension (extension fees may apply)
Borrower Criteria
  • Minimum Median Credit Score of 600
  • Minimum of $15,000 or more in a Checking, Savings, IRA and/or 401(k) account
  • No Recent Bankruptcy or Foreclosures (subject to review by Longhorn)
Property Criteria
  • First Liens Only
  • Single-family, 2-4 unit, townhomes (no condominiums or manufactured homes).
  • Our loans are made on the After-Repaired Value (ARV)
  • Appraisals must be ordered by Longhorn and performed by a third-party appraiser.
  • Properties should be located in or around suburban and/or major metropolitan areas: Dallas, Fort Worth, Houston, Austin, San Antonio, El Paso, St. Louis, Kansas City, Indianapolis, Charlotte, Greensboro/Winston-Salem, Raleigh/Durham, Nashville, Chattanooga, Knoxville, Huntsville, and Birmingham etc…
  • Longhorn reserves the right to adjust advance rate requirements as deemed necessary.
Appraisals / Insurance
  • All appraisals will be based on After-Repaired Value (ARV)
  • Appraisals will only be ordered by Longhorn Investments

Borrower MUST provide a minimum 6-month insurance policy to be paid in full at closing. Borrower's insurance agent should provide a certificate of insurance or evidence of insurance, including invoice, to our processing department prior to closing.

  • Insurance premiums are to be paid in full at closing. NO EXCEPTIONS.
  • Dwelling only coverage must include vacancy and vandalism riders. A builder's risk policy is preferred for rehabs over $20,000.
  • If a borrower has a blanket policy, the insurance agent must provide proof of insurance showing the addition of the new property and showing proof of in-force blanket policy.
  • Replacement cost coverage is required.
  • The lender must be named as loss payee and additional insured.

Order your insurance early! Delay in providing insurance coverage can delay the closing of your loan!

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Client Testimonial

Longhorn is in a class all by themselves after calling about 12 lenders. I got a call from a Longhorn rep. When he called I had just back-out from a second fake lender that was about to take my funds. The first scammer had just taken $1100.00 from me. These guys where ready to close in less than 5 days, to the extend that it shocked my seller who did not want to give me an extension to find a lender. The closing was smooth. I paid no upfront fees. They had the lowest closing cost and did I mention that I had spoken to about 12 lenders before Longhorn.
There draw process was easy.. This was my first deal and finally I found a lender that cared about giving a new investor a start. Thanks you Longhorn I will be referring you to many. May God continue to bless this company and the staff members.

Michelle Wilson