Texas is one of the best states in the country for real estate investors — no state income tax, a booming housing market, and no mortgage broker license required to refer borrowers to hard money lenders. Whether you’re flipping homes in Houston, Dallas, San Antonio, or Austin, this guide covers the best hard money lenders operating in Texas right now.
Top Hard Money Lenders in Texas
| Lender | Rate From | Max LTV | Close Time | Min Credit |
|---|---|---|---|---|
| RCN Capital ⭐ Best Rate | 8.75% | 85% | 7 days | 620 |
| Kiavi | 9.25% | 90% | 10 days | 640 |
| Lima One Capital | 9.75% | 75% | 14 days | 600 |
| CoreVest Finance | 9.50% | 80% | 10 days | 620 |
| Groundfloor | 7.50% | 70% | 14 days | None |
Why Texas Is a Top Fix-and-Flip Market
- No state income tax — more profit stays in your pocket
- Strong population growth — Dallas, Austin, and Houston consistently rank among the fastest-growing US cities
- Large distressed property inventory — plenty of fix-and-flip opportunities across price ranges
- Non-judicial foreclosure state — faster resolution if deals go wrong
- No broker license required — referral fees on commercial loans are legal without a license
Best Texas Markets for Fix and Flip
Houston
Houston is the largest city in Texas and one of the most active fix-and-flip markets in the country. The city’s massive size means there’s always a steady supply of distressed properties in transitional neighborhoods. Average fix-and-flip profit in Houston runs $40,000–$65,000 per deal.
Dallas–Fort Worth
DFW is the #1 metro area for population growth in the US, making it a goldmine for real estate investors. Strong job market, excellent rental demand, and consistent appreciation make it ideal for both flipping and holding.
San Antonio
San Antonio offers lower entry prices than Austin or Dallas with solid flip margins. The city’s military population and tourism economy provide stable housing demand year-round.
How to Get a Hard Money Loan in Texas
- Find your property and estimate the ARV (after-repair value)
- Calculate your maximum purchase price using the 70% rule: ARV × 70% − repair costs
- Compare lenders using BridgeRate Pro to find the best rate and terms for your deal
- Submit a loan application with your property details, exit strategy, and experience
- Get approval (usually 24–48 hours) and close in 7–14 days
Texas Hard Money Loan Requirements
Most hard money lenders operating in Texas require:
- Minimum credit score: 600–640 (varies by lender)
- Down payment: 10–25% of purchase price
- Property must be non-owner-occupied (investment property)
- Clear exit strategy (sell or refinance within 12–24 months)
- No major pending legal judgments