How do I Qualify for a Hard Money Loan?

Qualification criteria for hard money loans differ from traditional loans. Lenders focus on the property's value and potential rather than the borrower's ability to show proof of income or tax returns. Key considerations include: Property Value : The current and projected ARV of the property. Down Payment : Borrowers may need to invest a portion of their own funds. Experience : Prior success in similar projects can be advantageous. Financial Standing : While credit scores are less critical, a history free of bankruptcies or significant judgments is important. Each lender has unique requirements, so it's advisable to consult directly to understand specific qualification criteria. If you're ready to take the next step, try our Hard Money Loan Calculator to estimate your financing needs and ensure your project aligns with your goals. For a more detailed analysis, check out our Fix and Flip Calculator , which can evaluate your entire deal. For additional tips and insights, visit our resources page to download our free e-book, Flip Mastery . If you have any questions or need personalized assistance, don’t hesitate to contact us—we’re here to help!

Hard Money Loan Calculator

Crunch Numbers, Close Deals: Hard Money Math Made Easy
Our Hard Money Loan Calculator is a simple yet powerful tool designed to calculate basic loan payments with ease. For more comprehensive scenarios, like estimating loan costs, taxes, and insurance, you can leverage our Fix and Flip Calculator for renovation projects. If you’re analyzing rental properties, our custom DSCR Calculator is tailored to help you calculate cash flow and debt-service coverage ratios in seconds. At Deal Street Capital, we’ve developed these tools to empower real estate investors by providing quick, accurate insights to make smarter investment decisions. Let us help you close more deals efficiently!

Hard Money Loan Calculator

Loan Details

Purchase Price: Down Payment: Estimated Interest Rate

A typical hard money loan has a term of 12 to 18 months, but can be tailored to suit your needs.

Results

New Loan Amount: $0.00

Interest Only Payment: $0.00

Quick Rate Quote

Need to run more numbers?

Our fix & flip calculator is much more detailed using loan costs, ARV, and other information about your deal to give you an estimated profit calculation.

Fix-&-Flip Calculator

Also referred to as fix-and-flip loans, private money loans, bridge loans, or business purpose real estate loans – hard money is just a well-known term for financing that is more easily attainable than traditional financing. A hard money loan is a short-term, asset-based loan primarily used in real estate investments. Unlike traditional bank loans that focus on the borrower’s creditworthiness, hard money lenders prioritize the property’s value, especially its after-repair value (ARV). This approach allows for quicker approvals and funding, making them ideal for time-sensitive projects like fix-and-flip investments.

If you’re ready to take the next step, try our Hard Money Loan Calculator to estimate your financing needs and ensure your project aligns with your goals. For a more detailed analysis, check out our Fix and Flip Calculator, which can evaluate your entire deal. For additional tips and insights, visit our resources page to download our free e-book, Flip Mastery. If you have any questions or need personalized assistance, don’t hesitate to contact us—we’re here to help!

Hard money loan terms usually range from 6 to 24 months, though some lenders may offer extensions. Interest rates are slightly higher than traditional mortgages, often between 7% and 15%, reflecting the increased risk lenders assume. Additionally, borrowers may encounter origination fees, commonly referred to as “points,” ranging from 1% to 4% of the loan amount. It’s essential to discuss specific terms with potential lenders, as these can vary based on factors like property type, location, and the borrower’s experience. At Deal Street Capital our focus is on loan volume not high loan prices which means all our investors save money on loan costs.

Qualification criteria for hard money loans differ from traditional loans. Lenders focus on the property’s value and potential rather than the borrower’s ability to show proof of income or tax returns. Key considerations include:

Property Value: The current and projected ARV of the property.
Down Payment: Borrowers may need to invest a portion of their own funds.
Experience: Prior success in similar projects can be advantageous.
Financial Standing: While credit scores are less critical, a history free of bankruptcies or significant judgments is important.

Each lender has unique requirements, so it’s advisable to consult directly to understand specific qualification criteria. If you’re ready to take the next step, try our Hard Money Loan Calculator to estimate your financing needs and ensure your project aligns with your goals. For a more detailed analysis, check out our Fix and Flip Calculator, which can evaluate your entire deal. For additional tips and insights, visit our resources page to download our free e-book, Flip Mastery. If you have any questions or need personalized assistance, don’t hesitate to contact us—we’re here to help!

Hard money loans can finance various property types, including:

Residential: Single-family homes, multi-family units, and condominiums.

Commercial: Office buildings, retail spaces, hotels, and industrial properties.

Some lenders impose prepayment penalties on hard money loans, discouraging borrowers from paying off their loans early. At Deal Street Capital, we do things differently. We offer flexible loan terms ranging from 6 months to 24 months and believe in empowering our clients with total freedom. If you decide to pay off your loan on day 1—whether you’ve sold the property quickly or just won the lottery—there’s absolutely no prepayment penalty. Our goal is to provide you with fair, investor-friendly terms, so you can focus on maximizing your real estate opportunities without worrying about hidden fees.

Hard Money Loan Calculator for Real Estate Investors

Every serious real estate investor knows the importance of having multiple calculators in their toolbox. Whether you’re analyzing a quick flip or stress-testing a long-term rental, speed and accuracy matter. This Hard Money Loan Calculator was built to give you instant clarity on your interest-only monthly payments, helping you estimate your hard money costs within seconds.

This tool is ideal for quick decision-making when you’re evaluating a property or comparing financing scenarios on the fly. But smart investors also know that surface numbers aren’t enough. For a deeper analysis, you need a more detailed calculator, one that accounts for every variable in a project.

That’s where our Fix and Flip Calculator comes in. It’s designed to help you complete a full pencil test on any flip project, allowing you to forecast profit, ROI, and cash-on-cash returns with precision. It factors in the full cost stack: property taxes, insurance, real estate commissions, closing costs, loan fees, construction budgets, after-repair value (ARV), down payment, and loan structure. Whether you’re pitching to partners, securing financing, or double-checking your margin, use it to make every dollar count.

Use the hard money calculator for quick insights. Use the fix and flip calculator when accuracy means everything.

How to Use This Hard Money Loan Calculator

Using this calculator is quick and easy. Simply enter the purchase price, your down payment amount, and the interest rate, then click calculate. You’ll instantly see your interest-only monthly loan payment, giving you a fast snapshot of your borrowing costs. For a complete analysis of your flip deal, use this tool alongside our Fix and Flip Calculator. Together, they form an essential duo for evaluating profit potential, running pencil tests, and making informed investment decisions.

What to Know Before Using Hard Money Loans

The term “hard money loan” has been getting a quiet rebrand in the investment world, and for good reason. For decades, the phrase conjured images of backroom deals, sky high rates, and a loan shark named Joey who might come for your kneecaps if you missed a payment. But that stereotype couldn’t be further from reality in today’s lending landscape.

Modern hard money loans, more accurately referred to now as fix and flip loans, have evolved. These loans are no longer burdened by 15 percent interest rates and outrageous 10 point fees. In fact, lenders like Deal Street Capital offer terms starting at just 8.99 percent to 11.99 percent with 1 to 2 points, making them some of the most affordable options available to real estate investors today. The stigma is fading, and what’s left is a fast, flexible financing tool tailored for active investors who need speed and certainty over red tape and delays.

Hard Money Loan Calculator