Where to Locate a Hard Money Land Loan

Using a hard money land loan can be a good way to purchase investment land. These loans are going to work differently from a traditional lending arrangement. Here are the basics of hard money loans and where you can find one to purchase land.

Hard Money Loans

A hard money loan is a loan that is provided by an individual known as a hard money lender. These individuals are people that have developed businesses around lending money to other people. Hard money lenders are not going to go by the same standards as the rest of the lending industry. They are going to be in charge of their own loan criteria and they will make their own decisions. Hard money lenders will often get involved in deals that are designed to purchase raw land. If you need to buy land in a traditional lender is not going to give you a loan, a hard money lender could be an option that you want to pursue.

Benefits of Hard Money Loans

Using a hard money loan can be extremely beneficial when you need to purchase land. First of all, the process of getting a loan is going to go a lot quicker. In some cases, you may need to act quickly in order to secure the piece of land that you need. You should be able to get your money within a few days instead of the normal month or more with a traditional lender. 

Another benefit is that the credit requirements are going to be relaxed. You are not going to have to have perfect credit in order to get a loan with a hard money lender. They are going to be willing to work with you even if you have had some credit problems in the past.


One of the easiest ways to find a hard money loan is to look online. Many hard money lenders today have set up websites that are designed to bring in new customers. When you go to a search engine, you should be able to search for a hard money lender and find one that operates in your area. When you are looking at the different hard money lenders that are available, you want to make sure that they are licensed to do business in your state. Many of these individuals only carry the proper licensing in a few states. Therefore, you might start working with a lender and then find out that they do not do business in your area.


Another good way to find a hard money loan to purchase land with is to get a referral. Most people start out their search for a loan at a traditional lender. If you are not approved for a loan with a traditional lender, you might ask the loan officer if they know of any hard money lenders in your area. Many times, hard money lenders will set up a referral program with other lenders to send them the clients that can not be approved through traditional means. 

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