Hard Money Lenders in Virginia

In Virginia, hard money is a common tool for investors who need to close quickly or buy a property that needs work. The lender focuses on the property's value and your plan for it, and expects to be repaid through a sale or a refinance within a short period. Use the city pages below to see local housing data, then talk with a licensed loan officer about cost, exit options and the documents involved.

Questions about hard money lenders in Virginia?

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Virginia foreclosure process: nonjudicial. Virginia mortgages are typically deeds of trust; on default, Va. Code 55.1-320 lets the trustee declare the debt due and sell the property at auction without going to court. Short-term loans carry real risk if the exit plan slips, so know how default is handled before you sign.

Virginia transfer taxes: State recordation tax, including the additional tax paid by the grantor. Section 58.1-802 adds a tax on deeds that convey real property, payable by the grantor (seller); it sits on top of the general recordation tax under Chapter 8. Your Loan Estimate or closing statement lists what applies to your deal.

Where the numbers point in Virginia

Counties with the most investor loans with balloon or non-amortizing terms (2024):

County	Investor loans with balloon or non-amortizing terms (2024)
the City of Norfolk	171
the City of Richmond	155
the City of Virginia Beach	130
Fairfax County	101
the City of Chesapeake	96
the City of Portsmouth	96
the City of Roanoke	92
the City of Hampton	79
the City of Lynchburg	79
the City of Newport News	78

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Prefer to talk first? Call (888) 865-8230. Applying is not a loan approval or commitment to lend; programs vary by borrower, property and investor. ClearPoint Mortgage Advisors, NMLS #173855. Properties in FL, NY, NJ, PA, CT and VA only.

Hard Money Lenders by city in Virginia

Common questions

Is a hard money loan a business-purpose loan?

When the property is an investment and the money funds a business purpose, lenders usually make a hard money loan as a business-purpose loan, frequently to an LLC. Its rules and disclosures are not the ones you would see on a mortgage for your own home. Ask the loan officer which disclosures and protections apply to your specific loan before you sign.

What happens if I cannot repay the hard money loan on time?

If the property has not sold or refinanced by maturity, the lender may offer an extension for a fee, or the loan may go into default. Default can bring added charges and, eventually, foreclosure. Ask about extension terms before you sign, keep reserves for delays, and contact the lender early if your timeline slips.

How quickly can a hard money loan close?

Hard money can often close faster than a bank loan because the lender relies heavily on the property and makes decisions in-house. The actual timing depends on the valuation, title work, insurance and how quickly you return documents. No lender can promise a closing date before reviewing the file, so build some room into your purchase contract.

Other investor loans in Virginia

DSCR loans DSCR requirements DSCR down payment Airbnb / STR loans Hard money for a primary home Fix and flip loans Investor bridge loans Portfolio lenders Blanket mortgages Investment property loans HELOC on a rental Investor cash-out refi Second home loans Interest-only investor loans Private money lenders

2024 HMDA data