How to Get Approved for a Hard Money Loan IN 3 EASY STEPS
Getting approved for a hard money loan with Wasatch Credit is easy.
Fill out our application or contact us below.
Fill out our application or contact us below.
Approval Application
Is your project a good fit?
Loan Terms: | |
Rate: | 12%-18% |
Loan Fee: | 1 - 4.5 |
Term: | 6 months- 12 months, interest only |
Appraisal Fee: | None |
LTV: | Up to 90% of purchase price |
Borrowers Down Payment: | 10%-30%, depending on specific situation |
Construction Draw: | If applicable: funds will be held by lender and released in draws. No fee for taking out construction draws |
Doc Prep Fee: | None |
Min and Max Loan Amounts: | Minimum: $50,000. Maximum: $2,500,000 |
Extension Period: | 6 months |
Additional Loan Fee (Prorated): | 1 - 4.5 |
We offer several types of customized hard money loan options to meet your needs. See below for more details about our loan terms.
We do hard money loans on many different types of projects including: