Question 1

How do I start the loan process with Velocity Vault Lenders?

Accepted Answer

Simply click on "Start Here" at the end of this page.

Question 2

What's a hard money loan?

Accepted Answer

It's a loan backed by property, letting you get funds quickly.

Question 3

How can I see if I qualify for a loan?

Accepted Answer

Contact Velocity Vault Lenders with your deal details, last 3 months of bank statements, and 2 forms of government ID. We'll let you know quickly if it's a fit. We're here to help your dreams come true.

Question 4

Why are your rates higher than banks?

Accepted Answer

We're a private lender, so we help with projects that many banks won't. Also, we have shorter loan terms, which means slightly higher rates.

Question 5

How fast can we finish everything?

Accepted Answer

We aim to complete everything in 10 days or even less!

Question 6

How long is the loan term?

Accepted Answer

Our loans are 12- 18 months.

Question 7

Who uses hard money loans?

Accepted Answer

Everyone from newbies to pro investors, whether buying to rent or to sell. It's great for those wanting to invest less of their own cash.

Question 8

What's the smallest and biggest loan you give?

Accepted Answer

Our loans range from $100,00 to $2,500,000.

Question 9

Why pick hard money loans?

Accepted Answer

- Easy to qualify.
- Quick process.
- Handle multiple properties.
- Better money leverage than regular bank loans.

Question 10

How soon do you provide the funds?

Accepted Answer

Once we check your property's value, it usually takes about 5-7 days. We also have various payment plans for renovation works.

Question 11

Why choose Velocity Vault Lenders?

Accepted Answer

We're all about fast, clear, and reliable service. From processing your request to the final handshake, we've got your back.

Question 12

Can I get a loan for my own house project?

Accepted Answer

Sorry, we only help with investment-level projects.

Question 13

I didn't get a bank loan. Can you help?

Accepted Answer

Absolutely! As a private lender, we have more flexibility. We focus on the property's potential value. You only need a 650 Credit Score.

Question 14

What are LTV, ARV, and LTC?

Accepted Answer

LTV stands for Loan to Value - the loan amount compared to the property's value. ARV is the value after any fixes (After Repair Value). We like the ARV method as it looks at the full potential of your project. LTC is Loan to Cost- if it isn't 100% you will have to bring the difference to closing.

Question 15

Do you help with new builds?

Accepted Answer

Yes, we certainly do!

Question 16

What's a private lender?

Accepted Answer

It's a way to fund property projects faster and simpler than regular bank loans. We specialize in helping real estate investors, offering quick loans tailored to your needs. Want to know more about how we can help? Just ask!

Velocity Vault Lenders FAQ