We Buy Any House Dallas

About We Buy Any House Dallas

We Buy Any House Dallas is a private lender headquartered in Dallas, TX offering funding throughout Dallas and Fort Worth. They offer fix-and-flip hard money loans and short term loans. They offer terms up to 6 months, loans with a maximum LTV of 70%, and rates from 12%. They require their borrowers to have a minimum credit score of 620 to obtain a loan. They primarily provide funding for single family.

Loan Types Offered: Fix and Flip Loans, Bridge Loans

Property Types Covered: Single Family

Areas Served: Dallas, Fort Worth

Lending Guidelines for We Buy Any House Dallas

Below are the general loan guidelines published on the We Buy Any House Dallas website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by We Buy Any House Dallas.

Loan Example 1

Winnie is an investor in Dallas, TX. She discovers an older property and wants to rehab it and flip it for a profit. The house has a cost of $180,000 but she does not have the full amount so she takes a hard money loan with We Buy Any House Dallas. The borrower will be required to fund 35% of the sales price in cash to closing based on a 65% loan to value set by the lender. This makes the loan principle from We Buy Any House Dallas $117,000. The deal also consists of the following features: 1) a 6 month length, 2) a 11% interest only note, and 3) a three percent origination charge.

Winnie will have to bring $63,000 at the closing (35% on the 65% loan to value), plus she will need to pay the $3,510 origination fee. After the deal closes, she will need to pay the lender $1,073 in monthly interest payments, or 11% times $117,000 divided by 12 months in a year. If Winnie achieves her goal of a $216,000 sales price when the loan expires, she would collect a total profit of $26,055 after re-paying the principle amount and subtracting the cash she contributed at closing, the origination points, and the total interest payments.

Loan Example 2

Kristina is a an investor in Dallas, TX. She buys an older property for a rehab project and takes a private money loan from We Buy Any House Dallas with the following features:

$370,000 sales price
80% loan to value (LTV)
18 month term
12% interest rate
2% origination fee

Assuming a $499,500 sales price after the 18 month term, the numbers for this deal would look like this:

$499,500 sales price
- $296,000 loan principle (80% LTV)
- $74,000 down payment (20% on 80% LTV)
- $5,920 origination fee (2% of the $296,000 principle)
- $53,280 interest payments (18 months x 12% interest)
-----------------------
= $70,300 gross profit (doesn't include taxes or rehab costs)

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