Hard Money Lenders Alabama

Fast Alabama Hard Money Loans
Ready to close in less than a week

  • Interest rates 10 – 12.75%
  • Credit score 650+
  • Loan-to-Cost Up to 90%
  • No income verification
  • Get approved online in 5 minutes
  • Instant proof of funds letter
  • Interest only payments
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Alabama Image

Need financing for your upcoming real estate project?

Need funding fast? Look no further than New Silver. New Silver has the perfect selection hard money loans for property investors in Birmingham, Alabama and other cities in the Yellowhammer State.

New Silver has a variety of different hard money loan products available to suit every Alabama real estate investor’s needs. Run by a team of experienced real estate professionals, our loans are ideal for real estate investors in AL.

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Loan Programs


Fix & Flip

For house flippers hoping to purchase a fixer upper to renovate and resell in Alabama. Interest rates from 10 – 12.75%, Loan-To-Cost up to 90%, with loan terms up to 24 months. Hard Money Refinance Loans also available.

  • Get up to $5,000,000
  • Interest rate 10 – 12.75%
  • Origination fee from 1.875%
  • Up to 100% construction
  • More info
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30-year rental loans for stabilized rental properties. Ideal for investors hoping to acquire an investment property. Interest rates from 7.5, loan-to-purchase price up to 80%. Built for buy and hold investors that purchase rental properties.

  • Get up to $2,000,000
  • Interest rate 7.5
  • Origination fee 2-3%
  • 30-year fixed rate
  • More info
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Ground Up

Designed for residential builders, our ground up construction loans can finance up to 90% Loan-to-Cost (LTC). Interest Rates from 10 to 13.25%

The perfect solution for builders in Alabama that need quick access to capital to fund construction costs.

  • Get up to $5,000,000
  • Interest rate 10 - 13.25%
  • Origination fee from 1.875%
  • Up to 24 months
  • More info
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Apply online for a personal loan ranging from $1,000 to $100,000. Rates start from 7%. Compare and apply to multiple lenders easily.

Get pre-approved online immediately, with final approval of the funds within 48 hours. Loan terms up to 10 years.

  • Get up to $100,000
  • Starting at 7% APR
  • No collateral required
  • Compare many lenders
  • More info
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Alabama Hard Money Loan

Getting a traditional loan is a slow, drawn-out and exhausting process. Thankfully, New Silver’s hard money loans are designed for real estate investors that value speed, efficiency and transparency. Offering fix-and-flip, fix-to-rent and construction hard money loans, our team of experienced real estate experts are available to get you capital and assist with any hiccups that may come up along the way.

New Silver is one of the most trusted and reputable Alabama Hard Money Lenders. As licensed real estate investment professionals, we know what real estate investors need: quick and easy online applications, terms of up to twenty-four months and most of all, fast loan closing and attractive rates. At New Silver, we specialize in hard money loans for single-family residential properties, but we can also cater to multi-family and commercial real estate projects. Contact our Alabama hard money lending team today to find the best loan fit for your next real estate project.

Ultimately, if you need fast, efficient, financing solutions with competitive interest rates, New Silver is the hard money lender for you.

New Silver lends in these cities:

Alabama House Market Overview

Average Home Value


1-Year Home Appreciation


1 Bedroom Rent


Average 3 Bedroom Rent


Homes Are Affordable In Alabama: The Average home value in the state of Alabama is $206,044. This is $128,255 less than the average home value in the US ($334,269).
All-in-all, homes in Alabama are affordable relative to most states in the US. This makes Alabama a good entry point for first time investors that have limited access to capital.

Renting Is Cheap: The average 1-bedroom rent in Alabama is approximately $817, while the average 3-bedroom rent is approximately $1,241. This makes Alabama one of the cheapest places to rent an apartment or house in the US. Alabama actually ranks 47th out of the 56 states and territories in the US where fair market rental data is easily available.

Median Home Price by MSA

MSA Name Median Home Price 1-Year Appreciation 3-Year Appreciation
Birmingham $308,000 12.6% 38.0%
Decatur $240,500 9.6% 49.7%
Huntsville $327,500 14.6% 51.4%
Mobile $213,300 4.9% 35.0%
Montgomery $205,900 4.2% 30.5%

Homes Are More Expensive In Birmingham and Huntsville: If you are looking for premium property in Alabama, Huntsville ($327,500) and Birmingham ($308,000) are your best bet. These are the only two metro areas with median sales prices that exceed $300,000.

Home Appreciation Is Highest In Huntsville: Of the key metro areas in Alabama, Huntsville has the highest 1-year appreciation (14.6%) and the highest 3-year appreciation (51.4%). This is followed by Decatur (49.7% appreciation over 3 years) and Birmingham (38.0% appreciation over 3 years).

Homes Are Cheapest In Montgomery and Mobile: If you are looking to purchase an affordable property, either to flip or to rent, you should consider Montgomery and Mobile. Montgomery has a median home price of $205,900, while Mobile is also very affordable with a median price of $213,300.

It is worth noting that the median sales price of homes in the US is currently $467,700. Effectively this means that homes in Mobile and Montgomery are less than half over the median sales price in the United States.

Alabama Real Estate Investor Associations

Reasons to Fund Your Investment Property with New Silver

It doesn’t matter if you are a buy and hold investor or a house flipping specialist. New Silver is a hard money lender with a selection of real estate loans perfectly matched to meet your real estate investing needs. Unlike a conventional mortgage which can take ages to complete, our hard money loans can be approved online in less than 5 minutes, with an instant proof of funds letter to help you secure the purchase. We are ready to help you solve your real estate investment needs, by providing fast closing hard money loans.

Ultimately, if you need the services of one of the most trusted Alabama hard money lenders, New Silver is the obvious choice. The online application process for all of our hard money loans is simple and streamlined. When real estate investors partner with us, they can expect extremely fast closing hard money loans, together with instant proof of funds and an instant term sheet issued online.

Frequently Asked Questions

Yes. New Silver is a private lender that offers short term loan products for house flipping projects, but we also have 30 year rental property loans for investment properties. We also cater to real estate entrepreneurs hoping to build multi-family apartments with our new construction loans. You can also apply for a rehab loan, if your intention is to renovate a property. In other words, we cover the full spectrum of hard money loans that most Alabama real estate investors need.

Yes, New Silver is a direct lender that provides asset-based hard money loans at scale. With asset-based hard money loans, the underwriting process can be more lenient than conventional lenders. With most hard money loans, the underlying value of the asset is more important than the financial background of the investor when setting the terms of the real estate loan. As a result, the financing and credit score requirements are less stringent than a conventional loan, income verification is not needed and the debt-to-income ratio of the borrower doesn’t matter. Plus, we can get you approved and closed within 7 days. This is why real estate investors that choose New Silver tend to be very happy with their decision.

Yes. We offer ground-up construction loans for real estate developers that build single family (1-4 unit) residential properties.

Yes. Our fix and flip hard money loans can act as a bridge loan for real estate investors with loan terms ranging from 6 to 24 months in duration. More information can be found on the loan product page, together with the maximum hard money loan amounts available.

The main reason fix-and-flip hard money loans have higher interest rates than traditional bank loans is because of the risks involved in the transaction. Unlike a residential home purchase, a fix and flip project could run over budget or the real estate market could take a turn for the worse, making the property difficult to sell quickly. In other words, Alabama real estate investors could potentially lose money with a fix and flip. This risk is applicable to the borrower and the lender. The higher interest rate compensates for this risk.

On this point, it is also worth noting that the monthly payment of each New Silver hard money loan program works on interest only payments. This helps reduce the cash flow burdens of the investor while the project is underway.

The origination fee (loan points) of a hard money loan is usually between 2-3%, but this varies with each deal. To work out the expected monthly payments, it is best to use our hard money loan calculator.

In short, yes. While our credit requirements are not as stringent as a traditional lender, we do review the credit history of all our borrowers when issuing a house flip loan. This is true of most reputable hard money lenders. If you’re worried about bad credit, it is best to look at our hard money loan product page to see if New Silver is a good fit for your needs.

Where We Lend

Hard Money Loans Across The US

Resources Used In This Post

NAR Realtor | Redfin | RentData | Fred St Louis Fed | EZ Landlord Forms | Real Estate Investing | Zillow AL | Zillow US

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