Fast & Reliable Hard Money Loans in Utah
Utah Hard Money Loans for Investors
Cities/Counties we lend in:
Your Utah Hard Money Lending Partner
Get fast funding in Utah with High West Lending. Hard money, fix & flip, bridge, rehab, and construction loans — close quickly and with confidence
Utah Hard Money Loans: Your Trusted Real Estate Partner
Available Loan Programs in Utah:
High West Lending is Utah’s Most Trusted Hard Money Lender
In the competitive Utah real estate market, securing quick and reliable financing is crucial. At High West Lending, we specialize in providing hard money loans across Utah, offering a lifeline to investors looking to navigate the competitive market successfully. Whether you’re doing one-off, fix-and-flip projects, or using the BRRRR method to build a portfolio of rental properties, we help you close deals faster and more efficiently. And, we are broker friendly!
Why Choose Us?
Expertise in the Utah Market
With years of experience through our sister company, “Private Money Utah,” our team has an understanding of the Utah Real Estate market. This in-depth knowledge allows us to fund faster than other lenders.
Flexible Financing Solutions
Our diverse loan offerings give you access to the financing that best suits your Utah project. We have competitive interest rates, and terms, including no doc loans.
Fast and Reliable Funding
We know time is of the essence in real estate. And Utah has a very competitive real estate market. That’s why we’ve made our approval process easy and stress free.
Our Loan Services
We offer a range of hard money loan options in Utah designed to support various real estate investment strategies including:
Fix and Flip Loans
Loan Amounts from 65% to 70% of After Repair Value. No appraisal. 12 month term.
Bridge Loans
Loan Amounts from 65% to 80% of purchase price on purchases. Max of 65% of value on refinances. 12 month term. Residential and Commercial properties. Lowest rates and fees in Utah!
Construction Loans
Loan Amounts of 70% to 75% loan to cost. Borrower must have prior experience with the property type to be built. 12-24 month terms available. Residential, commercial, multifamily, and “Build to Rent” properties.
How It Works
Our loan application process is designed to be easy and simple to give you a yes or no answer as fast as possible (Brokers welcomed!). Here’s how we do it:
- Application Submission: Complete our short online application form to get started.
- Quick Evaluation: We’ll review your loan submission and give you a yes or no answer fast.
- Fast Funding: Once approved, your loan will be funded fast, usually in under a week.
Get Started Now
Ready to secure real estate financing in Utah? Apply now and take the first step. For any questions, or to discuss your unique situation, don’t hesitate to contact us today!
Start the wheels rolling!
Frequently Asked Questions
Hard money loan terms in Utah vary a lot and are on a case by case basis. But generally, interest rates for hard money loans in Utah range from 10% to as high as 14%. Loan fees range from as low as 1 point (1% of the loan amount) to as high as 4 points (4% of the loan amount). Loan terms range from 6 months to 24 months.
For most of our loans, there is no minimum credit score required. However, for some of our bridge loans, and our construction loans, a min credit score may be required in some cases. Loan size and plan for paying the loan back may be factors that require a minimum credit score.
Funding can be as quickly as 3 days, and can take as long as 14 days. Funding timeframes depend on the specifics of the loan being requested. More complex loans, construction loans, or larger loan amounts may take more time to fund as compared to small loan amounts or uncomplicated loan requests.
There is no difference between a private money loan and a hard money loan. These two terms refer to the same type of loan, which is a loan that is a short duration, with a higher interest rate, from a non bank source.
A hard money loan is a lot easier to get as compared to traditional loans from banks, credit unions, and mortgage companies. This is because hard money lenders typically do not have a minimum credit score requirement. Hard money lenders also do not require income documentation to approve a hard money loan. Hard money lenders tend to look at the property being used as collateral first, rather than look at the borrower’s credit profile first. For this reason, even borrowers with bad credit are able to qualify for a hard money loan.
Yes, most hard money loans require some sort of down payment. Even if a hard money lender funds the purchase and rehab, a borrower will still be required to cover the loan closing costs, monthly payments, and have cash in reserves for contingencies.
Hard money loans can be risky if you don’t have a solid plan for how you’ll pay back the hard money loan in a short amount of time. This is because hard money loans tend to be short term, usually 1 year or less. If you don’t think you have a solid plan (or two) for paying a hard money loan back in 1 year or less you shouldn’t take a hard money loan. Hard money loans with durations of 6 months or less are far more risky to take as compared to hard money loans with durations of 1 year. This is because most people can’t pay off a loan in as short as 6 months. If you go beyond the loan term, you may have to pay additional fees and penalties for extending the loan duration. This is a risk in taking a hard money loan with too short a duration to pay it back.
Hard money lenders usually do NOT verify income unless the loan being requested is on an owner occupied property.