Refinance Your Hard Money Loan — Lower Your Rate, Keep Your Property
Hard money rates are crushing your cash flow. See exactly how much you save by refinancing into a conventional or DSCR loan — and when it makes sense to pull the trigger.
Nate Jones · NMLS #304056 · New American Funding
A hard money refinance converts your short-term, high-interest hard money loan into long-term conventional or DSCR financing — lowering your monthly payment and stabilizing your investment. Most borrowers refinance after rehab is complete and the property is stabilized. Nate Jones (NMLS #304056) at New American Funding specializes in hard money exits in 48 states.
Current Hard Money Loan
Refinance Savings
Monthly Savings
$1,004/mo
Hard Money Payment
$3,000/mo
Conv. Payment
$1,996/mo
Annual Savings
$12,049
Current LTV
66.7%
Hard Money Loan for Primary Residence
Most people hear "hard money" and think investment properties — but hard money loans work for primary residences too. I use them all the time for buyers who need to move fast or don't fit neatly into a conventional box.
If you've got credit issues, need to close in under two weeks, or you're bridging the gap between selling one home and buying another — a hard money loan on your primary residence can be the right play.
The key difference is that owner-occupied hard money loans come with extra regulatory protections. That means slightly more paperwork than an investment deal, but you still get the speed and flexibility that makes hard money worth it.
Once you're in the home and stabilized, I help you refinance into a conventional or FHA loan at a lower rate. Think of hard money as the bridge — not the destination.
I close hard money loans for primary residences in California and Texasregularly — reach out and let's talk about your situation.
Fix and Flip Loans — How They Work
A fix and flip loan rolls your purchase price and rehab budget into one short-term loan. You buy the property, renovate it, and either sell it for a profit or refinance into long-term financing — all without tying up your own cash for months.
These loans are typically 6-18 months with interest-only payments. The lender funds based on the property's after-repair value (ARV), which means your profit potential is what matters most.
Single-family homes, duplexes, and small multifamily properties all work. The property needs to have clear upside — lenders want to see that the numbers make sense after renovation.
Who qualifies? Honestly, the deal matters more than you do. If the ARV supports the loan and you've got skin in the game (usually 10-20% down), most lenders will work with you regardless of experience level.
I help investors structure fix and flip deals every week. Give me a call and walk me through your project — I'll tell you exactly what's possible.
Fix and Flip Loans for Beginners
First flip? Don't overthink it. The biggest misconception beginners have is that you need years of experience to get a fix and flip loan. You don't.
Lenders care about the deal — your purchase price, rehab budget, and what the property will be worth when you're done. If those numbers work, you're in the game.
Start with a straightforward project. A cosmetic rehab on a single-family home is the easiest path for your first deal. I walk first-time flippers through the process every week — from finding the right loan to planning your exit strategy.
Hard Money Loan Calculator
Want a quick snapshot of what a hard money loan actually costs month-to-month? Here's a typical example so you know what to expect before we get into the specifics of your deal.
Loan Amount
$300,000
Rate
10–12%
Term
12 months
Monthly Interest
$2,500–$3,000
Fix and Flip Loan FAQ
What credit score do I need for a fix and flip loan?
Most hard money lenders require 620+. Some go lower if the deal is strong. Nate works with investors across the credit spectrum.
How much down payment for a fix and flip loan?
Typically 10-20% of the purchase price. The property itself secures the loan, so equity matters more than your credit score.
How fast can I close a hard money fix and flip loan?
Most hard money loans close in 7-14 days. That speed is the primary reason investors use them over conventional financing.
Can beginners get fix and flip loans?
Yes. Lenders care more about the property's after-repair value (ARV) than your experience level.
What is the difference between hard money and conventional for fix and flip?
Conventional loans take 30-45 days and won't finance distressed properties. Hard money closes fast and funds properties that need work.
Like What You See?
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Common Questions
When does it make sense to refi out of hard money?
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What credit score do I need?
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