Call the Top Hard Money Lenders in Fairfax at 240-436-2340!
When you’re looking for hard money loans in Fairfax, Virginia, choose New Funding Resources. We have been the most trusted hard money lender in the area for 13 years. Thanks to our fix-and-flip loans, investors are able to build wealth through real estate even if they don’t have prior experience rehabbing properties.
Our borrowers trust us not just to finance their real estate investments, but also to offer them expert advice. After financing so many rehab projects in Fairfax, we have a thorough understanding of what is necessary to succeed. Even if you’re not familiar with the Fairfax real estate market, we are – and can advise you on it.
Fix & Flip Loans, Bridge Loans, Buy & Hold Rental Deals & More
- Investment/commercial loans ONLY
- First lien only
- Interest-only monthly payments
- Up to 100 percent purchase financing
- Up to 90 percent loan-to-cost
- Up to 65 percent of rehab’s after-repair value (ARV)
- Pricing depends on investor experience
- Non-owner occupied ONLY
- Single-family residential
- Condo units
- Office buildings
Living and Investing in Fairfax, Virginia
Fairfax is a Washington, D.C. suburb with a population of about 23,600. Although it has been named one of the best places to retire in Virginia, there are plenty of things for younger families to enjoy as well. There are great public schools and plenty of job opportunities. Nature is gorgeous and makes residents want to be outdoors as often as they can.
As you’d expect from this area, real estate is pretty expensive. According to Niche, the median home value is over half a million dollars. But that steep price is nothing when you’re partnering with the right hard money lender in Fairfax.
We use common sense as a foundation for underwriting our hard money loans. We don’t verify your income and are not credit score-driven. Instead, we want to make sure that we lend to those who are positioned for success by having some real estate experience (past flips are a plus but not a requirement) and some capital to invest. Our final underwriting decision is based on the collateral: if you’re making a profit on your flip, we would find a way to get you the financing to purchase and rehab it.
Ready to invest in Fairfax? Call us at 240-436-2340 to learn more about our hard money loans in Virginia.
Why Real Estate Investors Choose Hard Money Loans
More and more real estate investors are choosing hard money loans because they find that traditional loans just won’t cut it. When you are investor flipping homes in one of the most coveted (and competitive) real estate markets in the nation, conventional financing just doesn’t cut it.
When you choose us as your hard money lender in Fairfax, you’ll get flexible, short-term loans based on the after-repair value of your property. There are two other numbers that we pay special attention to – your purchase price and your rehab budget. These three numbers are important because they determine what kind of profit you should expect to get.
You can choose to secure your loan with the property you’re acquiring now or a property you already own, as long as no one is currently occupying it. Paying off the loan consists of monthly interest payments. At the end of the term, you’ll resolve the rest of the loan off with a balloon payment.
Apply for Your Hard Money Loan in Fairfax Today!
Still have questions about hard money loans in Fairfax, Virginia? Don’t hesitate to reach out to New Funding Resources at 240-436-2340. Our experienced underwriters will guide you through the process of getting pre-approved and getting the highest return-on-investment for each of your hard-earned dollars.