Frequently Asked Questions
1. What is a hard money loan, and how does it differ from a traditional loan?
Hard money loans are short-term, asset-based loans primarily used for real estate investments. Unlike traditional bank loans, hard money loans are funded by private money lenders and are based on the value of the property rather than the borrower's credit score. Longhorn Funding offers fast, flexible hard money lending solutions across Austin and greater Texas.
2. Why choose Longhorn Funding over other hard money lenders in Austin, TX?
Longhorn Funding is one of the best hard money lenders in Austin TX, known for fast closings, personalized service, and local expertise. As a Texas-based private money lender, we understand the local real estate market and provide custom lending solutions that national lenders can't match. Bankable investors come to us because we provide them funding several weeks faster than their bank can! We are also able to provide funding to people with bad credit but have substantial equity in their real estate. We have closed many loans without requiring a credit check, bank statements, tax returns, or any other financial documents because we focus on loans and properties where the borrower has significant equity in the deal. This structure ensures both our interests are aligned.
3. What types of projects do you fund with hard money or private money loans?
We provide hard money loans for real estate owners who need quick cash out of their property (Cash-Out Loans), Bridge Loans, and Purchase Loans (Investors buying SFH rental or commercial properties). As one of the best private money lenders in Austin TX, we specialize in funding time-sensitive real estate deals throughout Texas.
4. How fast can Longhorn Funding close a hard money loan in Texas?
We can close most loans in as little as 3–7 business days, depending on the deal. Our streamlined process and local underwriting team make us a go-to option for investors seeking fast hard money loans in Texas.
5. What are the typical terms for a hard money loan from Longhorn Funding?
Loan terms range from 3 to 24 months, with competitive interest rates starting around 10%, based on property type and borrower equity. We offer flexible terms tailored to your needs—another reason we're considered among the best hard money lenders in Texas.
6. What types of projects & properties do you lend on?
We fund a wide range of investment properties, including:
🏠 Single-Family Home Rentals
🛠️ SFH & Commercial Building Rehabs
🌉 Bridge Loans
🏢 Cash-Out Refi on SFH, Commercial, & Land
🌄 Purchases of SFH Rentals, Commercial Buildings & Land
If you need a hard money lender in Texas who understands that each real estate project is a brand new canvas, then we're here to help you paint your way to profits!
Absolutely. At Longhorn Funding, we work with both experienced pros and first-time real estate investors. We take pride in helping newer investors structure smart, safe deals—and we’ll walk you through the process from term sheets to final funding. That’s part of what makes us one of the best private money lenders in Austin TX. Our Linkedin: https://www.linkedin.com/company/longhorn-funding
7. Do you work with first-time real estate investors?
8. Do I need good credit to qualify for one of Longhorn Funding's Private Money Loans?
Not necessarily. Our loans are asset-based, meaning your approval is primarily tied to the property's value—not your credit score. At Longhorn Funding we focus on the deal’s strength, equity, and exit strategy more than your credit history.
9. How can I get cash out of my rental property?
Longhorn Funding is THE BEST cash out lender in Austin, TX and serves the entire state of Texas. We lend extremely quickly in these scenarios where you have a good amount of equity in your real estate. Little to no underwriting is required. Our borrowers are always so thankful at how fast we get them the cash they need.
10. How can I get cash out of my commercial property?
The same way you are able to get cash out of a rental property! The process is very similar & may only vary depending on how large the commercial property is & how high of an 'as-is' LTV you are wanting. Borrowers who want cash out of their property resulting in a low 'as-is' LTV loan get the best rates & terms and are funded the quickest. Keep that in mind when deciding how much leverage you require.
11. I need fast funding for my real estate investment purchase.
Longhorn Funding in Austin, TX has helped many real estate investors quickly purchase single-family rentals, commercial properties, and tracts of land. When borrowers have sizable cash to close and don't have time to wait for banks, we step in and help them acquire their property in a fraction of the time it takes the average financial institution and with way less headache & underwriting required.
12. I need a fast bridge loan.
We love helping real estate investors with an additional 6-12 months of runway by providing them a short bridge loan. Many times borrowers have a great property but their current loan has matured so they just need a little more time to reach their exit and Longhorn Funding specializes in short term bridge loans.
13. How much can I borrow with a hard money loan in Austin or across Texas?
Loan amounts vary based on the Loan-to-Value (LTV) or After-Repair Value (ARV) of the property. At Longhorn Funding, we typically lend up to 70% LTV, depending on the real estate type and borrower equity in the deal. Whether you're getting cash out of a rental house in East Austin or needing a bridge loan on a commercial real estate project in San Antonio, we tailor loans to your specific needs! Check out more amazing content on Longhorn Funding's Bigger Pockets page: https://www.biggerpockets.com/member-blogs/16020-what-to-watch-out-for-in-re-investing
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