Private Money Lenders | Hard Money Loans in Ottumwa, IA

Yes, even if you have bad credit, you’re likely eligible for a hard money loan! This is because hard money lenders like Insula Capital Group are more concerned with your property’s value than your credit score. Of course, we will consider your credit history, but it’s not the most important factor, and a bad credit score will not disqualify you from a hard money loan. In short, we will consider your overall risk profile before approving your loan.

Generally, interest rates for hard money loans are typically higher than those of traditional loans because there are greater risks involved. That said, Insula Capital Group is known for its competitive rates and therefore, we will try to come up with a loan plan and interest rates that suit your financial situation.

If you’re flipping a house as your next project, a short-term hard money loan can help you a great deal. Not only will it quickly bring in the funds you need to make the initial property purchase, but it’ll also give you enough capital to cover the labor and material costs. This will help you complete the fix-and-flip project with little to no financial hassle.