Hard Money Loans for Short-Term Rentals in New Hampshire

Frequently Asked Questions

What are hard money loans and how do they work for real estate investors?

Hard money loans are short-term, asset-based loans designed for real estate investors. In New Hampshire, these loans help fund fix-and-flips, short-term rental acquisitions, or quick refinances. The approval process focuses on the value of the property and the investor’s exit strategy—not personal credit or income. Terms usually span from 6 to 36 months and feature interest-only payments. Because the underwriting process is streamlined, hard money loans can close in as little as 3 to 10 days, giving investors access to fast capital when opportunities arise.

When should an investor consider using a hard money loan instead of a conventional loan?

New Hampshire investors should consider hard money loans when speed is a priority or when the property doesn’t meet traditional lending guidelines. These loans are also ideal for self-employed borrowers, those purchasing through an LLC, or investors acquiring properties in need of repairs. If you don’t have the documentation required by banks—or can’t afford to wait weeks for approval—hard money lets you close fast. Approval is based on the deal’s value, helping you act quickly and competitively in hot markets.

What makes hard money different from other types of financing?

Hard money differs from traditional financing in that it’s based on the property and investment strategy—not borrower credit or income. For New Hampshire investors, this means access to fast funding with fewer barriers. Unlike conventional lenders who require extensive documentation and credit checks, hard money lenders evaluate whether the deal makes sense. While the interest rates are higher, the ability to close quickly and take on unconventional projects often outweighs the cost. Hard money is built for flexibility, speed, and investment performance.

What are the typical loan terms for a hard money loan?

In New Hampshire, hard money loans usually feature 6 to 36-month terms with interest-only payments. Loan-to-value limits often reach 85% for purchases and 80% for refinances. These loans may include origination fees and reserves depending on the property and borrower’s experience. They are built for short-term goals—like flips or transitional rentals—and can close in as little as 3 to 10 business days. The simplicity of asset-based underwriting makes hard money a popular choice for real estate professionals who need to move fast.

How quickly can a hard money lender close a deal?

Hard money lenders in New Hampshire can typically close in 3 to 10 days, far faster than the 30+ days required by banks. That speed is critical for investors who need to act fast on auction properties, motivated seller deals, or short-term rental purchases. Because hard money approvals are based on the property and exit plan—not credit or income—there’s less red tape. Investors use hard money to secure competitive advantages and close deals before others can even begin underwriting.

Can I get a hard money loan in New Hampshire with poor credit or no income documentation?

Yes. Many New Hampshire investors secure hard money loans with low credit scores or limited income documentation. These loans are evaluated based on the real estate asset and investment strategy. While New Hampshire does regulate lending through consumer protection and usury laws, business-purpose loans like these often fall under different legal guidelines. To stay protected, work with a transparent, licensed lender who offers fair terms and complies with state regulations. That ensures your project starts off on a secure foundation.

Explore hard money loans and other Airbnb loans in neighboring states like Maine and Massachusetts to expand beyond New Hampshire.