Bath Hard Money Lender

Bath Hard Money Lender

In the Bath 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. Bath 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.

Bath Hard Money Lender FAQ’S

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

What Do Bath Hard Money Lenders Specialize in?

Bath 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 Bath Hard Money Loans?

Bath 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 Bath Hard Money Lenders Look at my Credit Score?

One of the greatest benefits of working with Bath 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 Bath even if you have bad credit or poor credit, bankruptcies, and foreclosures in the past. Bath Hard money lenders primarily care about the property you are purchasing.

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

Interest rates for hard money loans in Bath 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 Bath, 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 Bath Hard Money Lender?

There are many benefits to working with a Bath 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 Bath 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 Bath, 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 Bath?

When you want a hard money loan in Bath, 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 Bath 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 Bath Hard Money Loan?

Refinance a Bath 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 Bath 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 Maine: Hard Money loans in Maine

Current Real Estate Trends In Bath (2024)

The real estate market in Bath, ME is currently in a seller’s market, featuring rising home prices and high demand. As of September 2023, the median listing home price in the city is $379K, showing a substantial 15.2% increase in comparison to the previous year. Homes are usually sold for 3.5% more than their asking price, resulting in a sale-to-list price ratio of 103.5%, reflecting a competitive market.

However, there has been a slight rise in the median days on the market compared to the previous year, which could be due to the increased number of buyers compared to available homes. There has been a growth in the median days on the market since the last month as well.

Despite this, Bath is expected to have a long-term rise in average home prices, making it a potentially profitable option for property investment.

Home Values Overview

The home values in Bath, ME paint a picture of a healthy, booming real estate market. The median listing home price stands at $379K and the median sold home price is $363.8K. Properties with three bedrooms are available at this rate, making it an attractive choice for buyers.

The median listing home price per square foot is $232, which indicates homes in Bath are reasonably valued. The sale-to-list price ratio comes in at 103.5%, which implies homes in Bath are selling for more than their asking price. The high demand for homes in Bath makes it a seller’s market.

Housing Market Analysis

Analysis of the housing market in Bath has revealed positive growth in property prices over the past year. Several key indicators demonstrate this:

1. The median listing home price in September 2023 was $379K, a 15.2% year-on-year rise.

2. The sale-to-list price ratio is 103.5%, meaning homes are selling for more than their asking prices on average.

3. The current market is a seller’s one, with more buyers than available homes.

4. The average days on market for homes in Bath is only 30 days, hinting at high demand.

These trends show the housing market in Bath performing well, offering a good environment for property owners and sellers.

Rental Market Comparison

Bath, ME is a great place to rent a property, with a median rent of $1,845, 8% lower than the national median. Renters can find a variety of options, from $1,495 to $2,350.

The rental market in Bath has been stable, with the median rent in November 2023 remaining the same as November 2022. However, the median rent decreased by $255 from October 2023.

The rental market in Bath is a great choice for people looking for an affordable home.


All About Bath

Known as the ‘City of Ships,’ Bath dates back to its settlement by travelers from Bath, England. It was incorporated as a town in 1781 and later as a city in 1847.

Shipbuilding has played a major role in shaping the city, producing around 5,000 vessels since 1743, including a remarkable ship every 17 days during World War II.

The city’s architecture is also worth seeing, with Federal, Greek Revival, and Italianate styles. Don’t miss the iconic 1858 Custom House and Post Office and the Maine Maritime Museum.

Additionally, Bath has a diverse economy, a lively cultural scene, and a strong focus on education.


Did you know that Bath, also known as The City of Ships, has an intriguing past which goes back to the 1600s when it was unsuccessfully colonized and then its emergence as a huge shipbuilding centre in the 19th century?

The location, initially called Sagadahoc by the Abenaki Indians, witnessed the development of the Popham Colony in 1607. Unfortunately, this premature settlement failed due to the extreme weather and lack of command. Eventually, it was settled by travellers from Bath, England, and it was made a town in 1781 and a city in 1847.

Throughout its history, Bath has had various industries, such as lumber, iron, and shipbuilding. The city’s shipyards have launched approximately 5,000 ships since 1743, making Bath the fifth-biggest port in the US during the mid-19th century.

One of the most significant shipbuilding facilities in Bath is the Bath Iron Works, which was founded in 1884. During World War II, this place had a key role in the war, launching one new vessel every 17 days.

Now that you know a bit about Bath’s rich history, let us explore the captivating world of shipbuilding in this remarkable city.


Known as The City of Ships, Bath has been launching vessels since 1743. Its significant role in the nation’s naval and commercial shipbuilding industry has made it a prominent maritime hub. The Bath Iron Works, established in 1884, has been a major contributor to this legacy, constructing many ships for both military and civilian purposes.

During World War II, Bath Iron Works bolstered the war effort, launching one new ship every 17 days. This demonstrated Bath’s commitment to shipbuilding and its capability to meet the demands of the nation.

Today, Bath’s shipbuilding industry remains prosperous. The Bath Iron Works is still a major regional employer, playing a big part in the local economy. The city’s shipyards are recognized for boasting a skilled workforce, sophisticated technology, and producing quality vessels.

The city’s architecture has been affected by the shipbuilding industry. The Federal, Greek Revival, and Italianate architectural styles can be observed throughout Bath, representing the riches and glory connected to shipbuilding. The 1858 Custom House and Post Office, designed by Ammi B. Young, is a symbol of Bath’s architectural magnificence.

Continuing on to architecture, Bath’s shipbuilding legacy is not only visible in its ships but also in the remarkable buildings that line its streets.


Take a journey through the awe-inspiring architecture that adorns the streets of Bath. You’ll be mesmerized by the perfect union of Federal, Greek Revival, and Italianate styles, that carries you to a time of grandeur and luxury.

These architectural styles, popular during the 19th century, have left an everlasting effect on the city’s look. The Federal style, identified by its symmetrical design and fine detailing, shows the city’s roots and its relations to the nation’s founding. The Greek Revival style, with its grand columns and pediments, speaks of the city’s rise in prosperity during the mid-19th century. Finally, the Italianate style, with its ornate decorations and curved windows, brings a touch of European beauty to the city’s architectural history.

You’ll come across some remarkable buildings on your walk through Bath that highlight these architectural styles. The 1858 Custom House and Post Office, built by Ammi B. Young, is a tribute to the city’s heritage. Its grand facade and intricate designs make it an architectural masterpiece. Bath’s architecture has even caught the eye of the movie industry, having been featured in films like Message in a Bottle and The Man Without a Face.


Strolling through the streets of Bath is like taking a journey through time. You are surrounded by a plethora of landmarks that exhibit the city’s architectural beauty and rich history. The Federal, Greek Revival, and Italianate architecture can be seen in many buildings. For example, the 1858 Custom House and Post Office, designed by Ammi B. Young, is a must-see with its elegant façade and intricate details.

The Maine Maritime Museum preserves the Percy Small Shipyard, the last commercial enterprise to build wooden ships in Bath. Visitors can explore the fascinating world of shipbuilding and the city’s maritime heritage here.

Nature lovers will find respite in parks and greenspaces. Thorne Head Preserve and Butler Head Preserve are perfect for those seeking a connection with nature.

As you explore Bath, its culture and events will come alive, creating a truly memorable experience.

Culture and Events

Immerse yourself in the vibrant arts and culture of Bath. Galleries, theaters, and music venues come alive with creativity and entertainment. Fans of visual arts, live performances, and music will find a range of artistic expressions to admire. Paintings, sculptures, photography, and mixed media are just a few of the works that you can find.

The theater scene in Bath is alive with energy and passion. You can watch a wide range of plays, musicals, and even experimental performances. The performances that take place are sure to captivate and inspire.

Music lovers are sure to find something to enjoy in Bath. From intimate acoustic performances to energetic concerts, the city’s music venues have something for every taste. Local musicians and touring acts take to the stage, creating an unforgettable experience.

In addition to the year-round arts and culture, Bath hosts many community events and gatherings. From street festivals to art walks, these events bring people together and show off the city’s unique spirit.

If you’re looking for inspiration, entertainment, and captivation, Bath is the perfect place. Dive into the city’s rich cultural scene and let your senses come alive.