Flint Hard Money Lender

Flint Hard Money Lender

In the Flint 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. Flint 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.

Flint Hard Money Lender FAQ’S

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

What Do Flint Hard Money Lenders Specialize in?

Flint 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 Flint Hard Money Loans?

Flint 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 Flint Hard Money Lenders Look at my Credit Score?

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

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

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

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

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

Refinance a Flint 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 Flint 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 Michigan: Michigan hard money loans

Current Real Estate Trends In Flint (2024)

Flint, MI is experiencing a volatile real estate market with varying trends. The median listing home cost is $68.3K, and the median listing home price per square foot is at $62.

The median sold home price is $102K, indicating that homes are being sold at their list price. The sale-to-list price ratio is 100%, suggesting that sellers are getting their desired asking price.

On average, homes in Flint take 44 days to sell, with a slight decrease in the median days compared to the previous year.

The average home value in Flint is $49,515, with a 1-year value change of -3.9%. Despite this decrease, the market forecast for the upcoming year suggests stability, with a ratio of 0.998.

Notably, the median sale-to-list ratio is 37.0%, and a significant portion of sales occur above the list price, accounting for 45.3% of transactions.

Market Overview

The market overview in Flint, MI, reveals several key insights. Firstly, as of August 31, 2023, the median sale-to-list price ratio stands at 37.0%. This figure indicates that sellers have the potential to convince buyers to pay higher prices for their homes. Additionally, 45.3% of sales in Flint have exceeded the list price, while 12% have sold below it.

These statistics highlight the competitive nature of the market, with buyers willing to pay above the asking price in many cases. Moreover, the median time for a sale to become pending is just 12 days, underscoring the fast-paced nature of the market. Properties are being purchased quickly, indicating a strong demand and intense competition among buyers in Flint.

Median Home Prices

Home prices in Flint, MI are quite affordable, with the average listing price and sold price at $68.3K and $102K respectively. This indicates that the real estate market in Flint is relatively inexpensive compared to other areas.

The median sale-to-list price ratio of 100% implies that sellers are able to sell their houses at the listed price. Moreover, the median days on market of 44 days shows that homes in Flint are sold relatively quickly.

These numbers point to a market where affordability is a key factor, and where homeowners can determine the best time to put their houses up for sale and attract potential cash buyers.

Best Time to Sell

When selling a property in Flint, it is essential to decide when to list the house. This decision should take into account the current market conditions and the potential interest of cash buyers. To make an informed choice, here are some things to keep in mind:

– Housing market data: Have a look at the median sale-to-list price ratio, percent of sales over list price, and median days to pending. This information can give you an idea of the market competition and demand.

– Cash buyer interest: Find out what cash buyers are likely to pay for the house. This can help you set an attractive listing price.

– Top agents: Consult experienced real estate agents who specialize in the Flint market. They can offer valuable advice and help you close a sale quickly and at the best price.

By taking these factors into account, sellers in Flint can figure out the optimal time to list their home and increase their chances of a profitable sale.



All About Flint

Flint was founded in 1819 and was a major lumbering area in the 19th century. It also had a significant role in the automobile industry, with General Motors (GM) being established there in 1908.

Despite all the hardships it has faced, including an economic downturn, population decline, high crime rates, and even a public health emergency, Flint is determined to make a comeback.

Efforts to secure clean water, reconstruct infrastructure, and address the legacy of distrust are all part of the path to renewal.

Historical Background

Flint was built from humble beginnings as a trading post on ancient Ojibwe burial grounds. It eventually became a bustling hub of lumber and automobile production, playing a major role in Michigan’s industrial landscape. Jacob Smith founded it in 1819 and it soon became an important player in the lumber industry in the 19th century. The income from lumber funded the development of the carriage-making industry, which formed the basis for Flint’s later fame in the auto industry.

The establishment of Buick Motor Company and AC Spark Plug in the city propelled Flint’s ascension in the automobile industry. By 1908, it had become the leading maker of cars and was a vital part in the expansion of General Motors (GM). However, Flint had to face difficulties along the way. When the automotive sector went through changes and downsizing, Flint experienced a financial setback, leading to a decrease in population and high crime rates in the mid-2000s.

These economic troubles and crises created the conditions for the recovery attempts Flint has taken on. It’s working towards reconstructing and overcoming the challenges it has faced, from addressing the lingering distrust in public authorities to finding a new source of clean water and reviving the city.

Economic Challenges and Crises

Despite facing economic downturns, population decline, and high crime rates, Flint has worked towards recovery and revitalization.

To obtain clean water, they installed modern copper pipes and addressed the legacy of distrust in public authorities.

The city experienced a downturn after General Motors downsized its workforce, leading to a nearly halved population from 1960 to 2010 and high crime rates in the mid-2000s. Additionally, Flint faced financial emergencies from 2002 to 2004 and again from 2011 to 2015, exacerbating its economic struggles.

Despite these issues, Flint has made strides towards recovery. They obtained a new source of clean water, ensuring residents have access to safe drinking water. In addition, modern copper pipes replaced the old lead-contaminated infrastructure. To rebuild trust and improve community engagement, the city has taken steps to address the legacy of distrust in public authorities.

These recovery efforts and solutions have been essential in reviving Flint. By tackling economic challenges and implementing measures to better infrastructure and public trust, the city has taken important steps towards a better future.

Recovery Efforts and Solutions

The ongoing recovery efforts in Flint have been crucial for rebuilding the city and introducing solutions to address the economic struggles and distrust of public authorities. A major success in the recovery process is providing a new source of clean water for residents. The city has installed modern copper pipes and distributed filters to guarantee the water is fit for consumption.

Locals have also seen efforts to tackle the lingering distrust in public authorities, with a focus on transparency and accountability.

Apart from dealing with the water crisis, there are ongoing efforts to revive and rejuvenate the city. This involves inviting new companies and diversifying the economy to create job opportunities and encourage investment in the area.

Despite the obstacles Flint has faced, the locals have a strong spirit of resilience and determination. The city has made notable progress in its recovery attempts, but there is still work to be done.

Early History and Settlement

Discovering the history of Flint is a rich and vibrant experience. Ancient burial grounds and a bustling trading post were the foundations of a city that would later become a major player in lumber and automobile industries.

The Ojibwe tribes had a deep connection with this land, and the Flint River was a crossing point for rival tribes. Flint was built on ancient Ojibwe burial grounds, adding an air of mystery and reverence to its beginnings.

In 1819, Jacob Smith set up a trading post, marking the beginning of settlement. Later, Flint became a village in 1855, with a growing population and a lumber industry. The money from lumbering was used to create a carriage-making industry, which was the first step to Flint becoming a major player in the automobile industry.

Buick Motor Company and AC Spark Plug, both from Flint, solidified its place in the automotive world. Several automobile brands also had their beginnings in Flint during this time.

From its start as a trading post, Flint developed into a thriving city at the forefront of the lumber and automobile industries, setting the stage for its future. This early history laid the groundwork for the impact it would have on city officials and employees in the years to come.

Impact on City Officials and Employees

The negative repercussions of the financial crisis and economic decline in Flint are undeniable. The city’s financial woes led to drastic measures, such as slashing the pay and benefits of the mayor and City Council members. After a series of lawsuits, the City Council eventually agreed to end the takeover, but the impacts of the financial emergency were still felt.

To help stabilize the city’s finances, restrictions on hiring, travel, and spending of city employees were enforced. This caused layoffs and the closure of recreation centers, an unfortunate consequence for city officials and employees.

The disagreement over pension benefits and retirement system authority was a major point of contention between city officials and employees. Both sides had strong opinions as to what was fair and just, further damaging the relationship between the two.

The decline and financial emergency in Flint had a huge impact on the lives of city officials and employees. They faced tough decisions and major challenges in order to make it through the crisis. These events still play a role in the city’s current trajectory and the lives of those living in Flint.