Who We Lend To
Clear Mortgage provides short-term, asset-based loans to real estate investors and small builders who need fast, reliable funding. Rather than focusing heavily on traditional bank metrics, we primarily look at the property, purchase price, and exit strategy.
What We Look At
- The value and condition of the property being used as collateral
- Your purchase price and rehab budget
- Your plan to sell or refinance the property
- Your experience level as an investor or builder
We qualify the loan amount based mainly on the value of the real estate that will secure the loan and the strength of the deal, not just your income or credit score.
Typically, maximum loan amounts fall between 55% and 70% of the property value, which keeps leverage conservative and protects all parties.
Hard Money Loan Structure
Hard money loans are structured as a percentage of the property’s value. This is often called the loan-to-value (LTV) ratio. In most cases, investors can expect maximum LTVs around 60%-70% of current market value, depending on the deal.
For our underwriting, “value” is based on today’s market conditions, property condition, and the specific strategy for the property (flip, wholetail, rental, etc.).
Hard Money Rates and Points
Our loans are investment-purpose, short-term loans, and pricing is based on:
- The leverage requested
- The risk profile of the deal
- Property type and condition
- Your track record as a borrower
Rates and fees are not tied to traditional “bank rate” products and may change with the market. We do not charge prepayment penalties, so you can exit the loan as soon as you sell or refinance.
For current rates and programs, please contact us or request a Quick Quote on this page.
Ready to talk about a specific deal?
We’ll review your scenario and respond quickly with next steps.
Funding Types We Offer
We provide funding for a wide range of investment scenarios, including:
- Trustee sale funding
- Bank-owned (REO) purchases
- Auction purchases
- Short sales and distressed properties
- Standard purchases of investment properties
- Time-sensitive real estate acquisitions where speed is critical
If you’re not sure whether your deal fits, just call or submit the Quick Quote form and we’ll review it.
Clear Mortgage Hard Money Loans – At a Glance
- No points or prepayment penalties
- Interest-only monthly payments
- Maximum 70% LTV with a minimum 20% down payment
- No interest reserve required
- Short-term, first-position notes (commonly around 6 months)
- In-house coordination of recording, trustee delivery, property insurance, and title insurance
How Trustee Sale Funding Works
- Apply or Call Us
Complete our 60-second online application or call/email us with the property address, opening bid, and your estimated value. - Deal Review
We run our in-house analysis and confirm a proposed loan amount and terms. - Documents & Approval
We prepare loan documents and schedule a time for you to review and sign. - Down Payment Funds
You provide your down payment funds (typically by cashier’s check or wired funds). - Funding the Trustee Sale
We deliver the required funds to the trustee so you can focus on winning the bid and planning your exit
Short Sales, REOs, Standard Purchases, or Cash Deals
For non-trustee transactions, the process is straightforward:
- Discuss the Deal – Call or email us with the property details, purchase price, and your plan.
- Loan Approval – Once we agree on loan structure and amount, we issue terms and prepare documents.
- Title & Escrow – You instruct your chosen title company to open escrow and send us a preliminary title report.
- Docs & Funding – We send loan docs to escrow, you sign, and we wire funds directly to the title company on the scheduled close of escrow.
