HouseMax Funding
5901 Old Fredericksburg Road, D 101
Austin, TX 78749
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About HouseMax Funding
House Max is an Austin, Texas-based hard money lender offering direct loans to real estate investors throughout the state of Texas.
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Loan Types Offered: Investment Property Loans, Fix and Flip Loans
Property Types Covered: Single Family, Multi Family
Areas Served: TX, CA, TN, WA, OR, GA, NC, SC
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Lending Guidelines for HouseMax Funding
Below are the general loan guidelines published on the HouseMax Funding website. Please confirm all terms and rates directly with the lender.
Investment Property Loans
Loan Amounts: N/A
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): N/A
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: N/A
Prepayment Penalties: N/A
Minimum FICO Score: N/A
Time to Close: 10 DaysFix and Flip Loans
Loan Amounts: N/A
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): N/A
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: N/A
Prepayment Penalties: N/A
Minimum FICO Score: N/A
Time to Close: 10 Days -
Loan Examples
The following loans are for education purposes only. They do not represent actual loans executed by HouseMax Funding.
Loan Example 1
Mike finds a property in Houston, TX to remodel and sell. Since he does not have enough cash available to purchase the $180,000 property outright, he takes out a hard money loan from House Max Funding. The terms of the note include a 70% loan-to-value (LTV), so he must bring 30% of the price as cash at closing, making the principle note amount $126,000. The note is interest-only, with monthly payments, and is for 6 months at 11% interest with 4 origination points to be paid at closing.
Mike will need to bring $54,000 at closing (30% on the 70% loan-to-value), plus he will have to pay the $5,040 origination fee. he will then pay $1,155 monthly to the lender. Mike's intention is to complete the renovation by the end of the 6 months and sell it for $270,000. If he succeeds he will earn a gross profit of $78,030 ($270,000 sales price - $126,000 principle amount - $54,000 down payment - $5,040 origination fee - $6,930 in total interest paid.
Loan Example 2
House Max Funding issues a hard money loan to Rafael for a remodeling project in Houston, TX. The deal includes the following:
a) A $330,000 purchase price, b) a 75% loan-to-value (LTV), c) a 6 month term, d) a 9% interest rate, and e) a 4% origination fee.
If Rafael succeeds in his goal of a $462,000 sales price, the numbers of the deal would be the following:
$462,000 sales price
- $247,500 principle on note (75% LTV)
- $82,500 cash paid at closing (25% on 75% LTV)
- $9,900 origination points (4% of the $247,500 principle)
- $11,138 interest payments (6 months x 9% interest)
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= $110,963 gross profit (does not include taxes or renovation costs) -
by Esha 06/13/2023
I really enjoyed working with Stafford Ullrich. He was always available and ready to assist me in any possible way. It definitely helped to make the refinancing process smoother than it would have been given some of the challenges we encountered. I look forward to working with him again.
I really enjoyed working with Stafford Ullrich. He was always available and ready to assist me in any possible way. It definitely helped to make the refinancing process smoother than it would have been given some of the challenges we encountered. I look forward to working with him again.by jane lewis 64 05/01/2023
Do not go through this shady company. pretty sure they are scamming customers. They are liars and harder to get ahold of than the president of the United States. Absolutely impossible. Scammers and frauds.
Do not go through this shady company. pretty sure they are scamming customers. They are liars and harder to get ahold of than the president of the United States. Absolutely impossible. Scammers and frauds.by Mike 06/28/2022
If you're looking for a company that strings you along and then ghosts you and title company 2 days before closing...after the third push for closing. This is your go to company. You'll waste your time for nothing. Then when you finally get them to return a message, they say, we're just not sure with your credit score. Seriously?! you're loaning 60% of current value at hard money rates and 3 points for 6 months. FU
If you're looking for a company that strings you along and then ghosts you and title company 2 days before closing...after the third push for closing. This is your go to company. You'll waste your time for nothing. Then when you finally get them to return a message, they say, we're just not sure with your credit score. Seriously?! you're loaning 60% of current value at hard money rates and 3 points for 6 months. FUby Trish D. 03/09/2022
I am very thankful for Pone Cooley's professional, responsive and honest assistance with the whole lending process from beginning to end. He had several difficult tasks with my client’s unique situation, and as a real estate agent I can appreciate this type of dedication. He made himself available to me via any method of my choice - email, call or text, which I appreciated! His communications skills were amazing! I am grateful for all the work Pone devoted to my client. I will definitely recommend him moving forward!
I am very thankful for Pone Cooley's professional, responsive and honest assistance with the whole lending process from beginning to end. He had several difficult tasks with my client’s unique situation, and as a real estate agent I can appreciate this type of dedication. He made himself available to me via any method of my choice - email, call or text, which I appreciated! His communications skills were amazing! I am grateful for all the work Pone devoted to my client. I will definitely recommend him moving forward!by Bruce 03/06/2020
Bryce is so arrogant. His email response to me from an inquiry was ridiculous. There are other lenders with much better attitudes....keep researching. Don’t sell your soul.
Bryce is so arrogant. His email response to me from an inquiry was ridiculous. There are other lenders with much better attitudes....keep researching. Don’t sell your soul.by Dan S. 12/03/2019
We had great service from start to finish. Bryce and his team walked us through every step of the process. They break it all down in a simple to understand format. Can’t wait to work again on our next funding project.
We had great service from start to finish. Bryce and his team walked us through every step of the process. They break it all down in a simple to understand format. Can’t wait to work again on our next funding project.by Erin Hudson 02/14/2019
What a pleasure it was from start to finish working with house max funding. Their rates were extremely competitive and there was no bait and switch at the time of closing. Dominic took great care of us and expedited this process in such a timely manner. Our expectations were blown and we will definitely be back for multiple transactions. Not to mention the added touch with the YETI cups that were sent our way after close to celebrate was so kindly appreciated. Much thanks, Erin & Andrew Hudson
What a pleasure it was from start to finish working with house max funding. Their rates were extremely competitive and there was no bait and switch at the time of closing. Dominic took great care of us and expedited this process in such a timely manner. Our expectations were blown and we will definitely be back for multiple transactions. Not to mention the added touch with the YETI cups that were sent our way after close to celebrate was so kindly appreciated. Much thanks, Erin & Andrew Hudsonby Caligirl 09/17/2018
Alex was responsive and got me everything I needed to buy a great real estate deal that I needed to close quickly. I would highly recommend HouseMax Funding. They make it easy and quick when you need to get the deal done.
Alex was responsive and got me everything I needed to buy a great real estate deal that I needed to close quickly. I would highly recommend HouseMax Funding. They make it easy and quick when you need to get the deal done.
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