Owner Occupied Hard Money
Hard Money Loan for Primary Residence
Owner occupied hard money loans for borrowers who need fast bridge financing outside conventional mortgage requirements. Asset-based approval. Close in 7 to 21 days.
Owner Occupied Loan Parameters
Loan Amounts
$100K - $5M
LTV
Up to 65%
Term
6 to 24 Months
Close In
7 to 21 Days
Credit Score
Not Required
Income Docs
Flexible
Owner occupied hard money loans are regulated under Dodd-Frank consumer protection rules. Additional disclosures apply. Rates and terms vary by state and property.
Understanding the Loan
What Is a Hard Money Loan for a Primary Residence?
A hard money loan for a primary residence is a short-term, asset-based loan secured by the property you live in. Unlike conventional mortgages, hard money loans are approved based on the appraised value of your home and the equity you have, not your credit score or income history.
Because the borrower occupies the property as their primary residence, these loans fall under consumer purpose regulations. Hard money lenders offering owner occupied loans must comply with Dodd-Frank rules, which require qualified mortgage standards or specific exemptions, and provide consumer disclosures before closing.
Owner occupied hard money loans are designed for short-term use, typically 6 to 24 months. The borrower plans to sell the property, refinance into a conventional mortgage, or repay the loan from another source before the term expires. They are not long-term replacements for traditional mortgage financing.
Buckle Up Capital works with a network of private money lenders across the country who are licensed to offer owner occupied hard money loans in compliance with state and federal consumer protection rules.
When Borrowers Use This Loan
Common Uses for Owner Occupied Hard Money Loans
Bridge to Conventional
Need to purchase your primary home now but conventional financing is delayed? A hard money bridge loan lets you close fast and refinance into a traditional mortgage later.
Stop Foreclosure
If you are behind on your existing mortgage, a short-term hard money loan on your primary residence can provide the funds to repay arrears and prevent foreclosure.
Equity Cash-Out
Tap the equity in your primary home to fund business needs, medical costs, or a time-sensitive investment. Hard money lenders move faster than banks.
Non-Traditional Income
Self-employed borrowers, commission earners, and retirees with assets but irregular income often cannot meet conventional mortgage requirements. Hard money fills that gap.
The Process
How Owner Occupied Hard Money Loans Work
01
Submit Your Property
Share the address, estimated value, and how much you need. We review the property and your exit plan, not your credit profile.
02
Get a Term Sheet
Receive loan terms within 24 hours. Our lending partners assess the appraised value and LTV to structure the right hard money loan.
03
Appraisal and Approval
A property appraisal confirms value. Owner occupied hard money loans require additional consumer purpose disclosures per Dodd-Frank.
04
Close and Fund
Most owner occupied hard money loans close in 7 to 21 days. Funds wire directly to escrow or to you on a refinance.
Eligibility
Who Qualifies for a Primary Residence Hard Money Loan?
Asset-Based Approval
Owner occupied hard money loans are approved on the property value and your exit strategy, not your credit score or income history.
Self-Employed Borrowers
Self-employed and non-traditional borrowers who cannot document income for conventional mortgage lenders are a strong fit for this loan.
Foreclosure Prevention
Hard money loans can stop a foreclosure on your primary home by providing fast bridge financing to refinance your existing mortgage.
Equity Cash-Out
Access equity in your primary residence quickly. Hard money lenders can fund a cash-out refinance in days, not months.
Consumer Purpose Lending
Owner Occupied Hard Money Loans and Dodd-Frank
Hard money loans secured by a primary residence are classified as consumer purpose loans under the Dodd-Frank Wall Street Reform and Consumer Protection Act. This means lenders must verify the borrower's ability to repay the loan, provide a three-day rescission period, and comply with TILA and RESPA disclosure requirements.
Not all hard money lenders offer owner occupied loans because of the additional compliance burden. Buckle Up Capital works with lenders who are set up to originate consumer purpose hard money loans in compliance with federal and state regulations.
If your loan is for a rental property or investment property rather than your primary residence, the process is simpler and faster. See our hard money lenders page for investment property options.
Related Resources
Explore More Hard Money Loan Options
FAQ
Hard Money Loan Primary Residence Questions
Get Started
Apply for a Primary Residence Hard Money Loan
Submit your property details and get loan terms within 24 hours. Buckle Up Capital connects you with private money lenders who offer owner occupied hard money loans in all 50 states.