Dothan Hard Money Lender

Dothan Hard Money Lender

In the Dothan real estate market, grabbing properties before your competition is essential for making the best deals. Although real estate investors sometimes go the traditional route and seek bank loans, the process is anything but speedy.

When time is of the essence, waiting for the lengthy process of getting approval is not an option for most investors. Dothan hard money lenders specialize in providing hard money loans which provide quick funds to investors. These loans are for a non owner occupied property or in some cases for business purpose loans.

Dothan Hard Money Lender FAQ’S

Below are some of the most frequently asked questions we get regarding hard money loans and lenders in Dothan.

What Do Dothan Hard Money Lenders Specialize in?

Dothan hard money lenders specialize in providing short-term, creative financing for real estate investors. If you seek a conventional lender to purchase an investment property, your loan request will be based on the property’s value and your assets. Your credit score, job, and finances will be scrutinized intensely.  Hard money lenders base their final loan decisions on the after-repair value. The ARV represents the potential value of a property after all repairs have been accomplished.

What are the Benefits of Dothan Hard Money Loans?

Dothan hard money loans offer advantages that traditional banks cannot. Lenders like Acamnet Financial offer a higher level of flexibility than banks.  When qualifying for this type of loan, lenders do not delve too deeply into the finances of real estate investors. In most cases, simply present the property and your plans, which saves you the hassle of gathering countless financial documents.

Do Dothan Hard Money Lenders Look at my Credit Score?

One of the greatest benefits of working with Dothan hard money lenders is the lack of credit score requirements. One of the first things a bank does is check your credit score.  You can get approved for a hard money loan in Dothan even if you have bad credit or poor credit, bankruptcies, and foreclosures in the past. Dothan Hard money lenders primarily care about the property you are purchasing.

What is the Interest Rate & Points for Hard Money Loans in Dothan?

Interest rates for hard money loans in Dothan are typically higher than traditional bank loans (conventional loans) because of the greater risk lenders must take on when approving loans. When searching for a hard money lender near me in Dothan, you will find average interest rate is between 8%-15%.  You should also be aware that lenders sometimes charge points that are meant to offset their administrative costs. Each point represents 1% of the total loan amount.  The average points lenders charge is between 1 to 3. Some lenders may charge up to 10 points. These points are due upfront or at closing, depending on the lender.

What Should I Look for in a Dothan Hard Money Lender?

There are many benefits to working with a Dothan hard money lender.  You just need to make sure you are working with the right lender.  You can rely on Acamnet Financial Group when you need us most.  We offer reliability, consistency, experience, and support.  As a real estate investor, you know the importance of grabbing the best property deals when they become available.

How can Hard Money Lenders in Dothan Help Me?

Whether you are new to real estate and real estate projects or an old pro, you know having the capital to purchase real estate is essential. Without funds, you will miss out on real estate transactions.  When you partner with hard money lenders in Dothan, you will quickly get the money you need without jumping through the hoops of traditional bank lenders.

How do I get a Hard Money Loan in Dothan?

When you want a hard money loan in Dothan, begin by preparing the property information. Location, size, purchase price, after repair value, repair costs, etc.  In most cases, the financing will be based on these numbers.  Then, apply for a hard money loan in Dothan using this information and supply some financial information.  Then, an appraisal will be ordered to assess the loan-to-value ratio, which will influence the loan amount.

How do I Refinance a Dothan Hard Money Loan?

Refinance a Dothan hard money loan will involve moving from a high interest, short term loan to a longer term, usually lower interest rate loan. Typically a conventional type of loan.  When refinancing a Dothan hard money loan you will find it will have a more stringent set of guidelines.  You will need to have sufficient credit and income qualifications.  As the lending landscaping and regulations constantly change, you want to consult a knowledgeable conventional loan expert.

Here’s other cites we can help with in Alabama: Alabama hard money loans

Current Real Estate Trends In Dothan 2024

The real estate scene in Dothan, AL is looking promising for potential investors. In August 2023, the median listing home price was at $250K with a median listing home price per square foot of $129. Meanwhile, the median home sold price was $179.8K, indicating a sale-to-list price ratio of 96.67%. The housing market in Dothan currently favors buyers, as homes sell, on average, 3.33% below the asking price. The average days on the market have gone down to 37 compared to the previous month.

Dothan provides an ideal environment for real estate investment due to its affordable home prices, balanced market between buyers and sellers, and a strong job market. Additionally, the quality schools and variety of amenities make it a great option for potential investors.

Housing Market Overview

The housing market in Dothan, AL in August 2023 is a buyer’s market, a great situation for buyers.

The median listing price is $250K, and the median list price per square foot is $129.

The sale-to-list price ratio is 96.67%, which means on average, homes in Dothan are sold for 3.33% less than the asking price.

The market has a balanced buyer-seller ratio, with an average of 37 days on the market.

This is an ideal time for potential home buyers to make a move.

Real Estate Highlights

The property market in Dothan, AL is flourishing, making it an attractive option for both investors and homebuyers.

August 2023 saw a median listing home price of $250K, with a median listing home price per square foot of $129.

Homes typically sell for 96.67% of asking price, with an average of 37 days spent on the market and 3.33% below the asking price.

Supply is well-matched to demand, creating a great opportunity for those looking to buy or invest in Dothan.

Investment Strategies

Investing in the dynamic real estate market of Dothan, AL requires an individualized approach to maximize returns while mitigating risks. Researching market indicators, community and area indicators, attractions, average Days on Market (DOM), unemployment stats, and diversity of employers is essential.

Short-term rental investors should look into population age and employment industry diversity, while long-term investors should analyze property appreciation rates, population growth, property taxes, price-to-rent ratio, and median gross rent.

It is also important to consider the local economy and the trends of the market. With the right strategy in place, investors can make informed decisions that can help them achieve their financial goals.


All About Dothan

Welcome to Dothan, Alabama! If you’re searching for a city with a long history, vibrant culture, and active economy, you’ve come to the right spot. Boasting a population of over 71,000 people, Dothan is an energetic community that has something for everyone.

It all began as a settlement in the 1830s, and has since grown into a hub for peanut production and transportation, earning it the well-deserved title of the Peanut Capital of the World. But there’s much more to this city than just peanuts.

With its hot summers and mild winters, Dothan is a great place to appreciate the humid subtropical climate. Its prime location as a transportation and commerce center makes it a gateway to countless possibilities.

Whether you’re a history lover, a peanut fan, or simply looking for a great place to live, Dothan has it all. Come and explore all that this incredible city has to offer.


Dothan, situated in southeastern Alabama, is a bustling city renowned for its long-standing history, vibrant peanut industry, and being a major transit and commercial centre for the region. The city has a humid subtropical climate, with hot and humid summers and mild winters.

As of 2020, the population of Dothan has risen to 71,073 and it covers a total area of 90.16 square miles. The city was founded in the 1830s when the initial permanent white settlers arrived and was officially declared a city in 1885. Its expansion was driven by the peanut industry, thus giving it the title of the Peanut Capital of the World.

Dothan serves as the major transit hub for southeastern Alabama, southwest Georgia and sections of the Florida Panhandle.


In the 1830s, settlers took the risk to explore the unexplored wilderness, establishing a future for themselves in a land filled with chances and unknown potential. These pioneers were the permanent white settlers of Dothan, Alabama.

As time passed, the town expanded and flourished, ultimately becoming a city in 1885. However, in 1889, Dothan experienced a violent dispute over a tax levy, resulting in two deaths and serious injuries, and leaving a long-lasting effect on the city’s development.

In spite of the upheaval, Dothan kept growing and became a hub for peanut production and transport. The city’s label as the Peanut Capital of the World and its yearly National Peanut Festival solidify its standing as a successful agricultural and commercial center.

Civil Unrest and Impact

Despite the violent civil unrest in 1889, Dothan’s determination and strength of character pushed it to become an important center for peanut production and a beloved shopping hub.

The deadly altercation over a tax levy and the resulting riot had a major effect on the city’s progress. Chief of Police Tobe Domingus was found guilty of homicide, though he was later acquitted after a retrial. The incident caused two fatalities and numerous injuries.

In response to this, the farmers in Dothan turned to growing peanuts as a way to make money. These days, Dothan is known as the Peanut Capital of the World, with one-fourth of the U.S. peanut crop being harvested nearby.

The combination of peanut production and construction of the Joseph M. Farley Nuclear Generating Station was key in solidifying Dothan’s position as the main transportation and commercial center in the region.

Expansion and Growth

Dothan’s remarkable growth and expansion has been remarkable to witness over its long history.

The city has become a major player in the peanut industry, with one-fourth of the U.S. peanut crop being harvested in the area. Its strategic location and beneficial climate have been essential to its success as the Peanut Capital of the World.

The Joseph M. Farley Nuclear Generating Station has also played an integral part in the city’s economic growth.

Every year, the National Peanut Festival is held in Dothan to celebrate the city’s role in the industry.

Geography and climate have and continue to shape Dothan’s development, and it is clear that the city has become a thriving hub for peanut production and commerce.

Geography and Climate

Explore the captivating geography and experience the unique climate of Dothan, Alabama. Lying in the southeastern region of the state, it extends into Henry and Dale counties. The city covers an area of 89.7 square miles, with its land stretching for 89.4 square miles and 0.31 square miles of water. Its landscape varies from rolling hills to flat plains.

Dothan has a humid subtropical climate with hot and humid summers and mild winters. High temperatures reach an average of 92°F in the summertime and 59°F during the winter. There is rarely any snowfall, at only 0.2 inches per year. Tornadoes, however, are a frequent danger in spring, summer, and fall.

Whether you are a nature enthusiast or a weather enthusiast, Dothan’s geography and climate will not disappoint. Enjoy its diverse landscape and its unique climate.