Billings Hard Money Lender

Billings Hard Money Lender

In the Billings 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. Billings 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.

Billings Hard Money Lender FAQ’S

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

What Do Billings Hard Money Lenders Specialize in?

Billings 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 Billings Hard Money Loans?

Billings 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 Billings Hard Money Lenders Look at my Credit Score?

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

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

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

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

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

Refinance a Billings 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 Billings 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 Montana: Hard money lender Montana

Current Real Estate Trends In Billings (2024)

The real estate market in Billings, Montana is currently booming. With a median listing home price of $439,000, homes in Billings are selling for an average of 1.83% below asking price, with a median sold home price of $330,800. This slight discrepancy is not indicative of a poor market, however, as the market has seen positive growth over the last year, with a 7.1% increase in median listing home prices.

Currently, Billings is a buyer’s market, with more supply than demand. This means homes are taking an average of 42 days to sell, which is slightly longer than the median days on the market. Despite this, the average home value in Billings stands at $379,443, which is a 4.4% increase over the past year.

Though short-term investment prospects may not be as lucrative, long-term projections indicate a continued rise in real estate prices. Predictions anticipate an average home price reaching $312,118 by 2028. This could prove to be a profitable opportunity for real estate investors in the future.

Current Market

The housing market in Billings is characterized by a median listing home price of $439K and a sale-to-list price ratio of 98.17%, indicating homes are nearly selling for the asking price. This shows sellers in a strong position and buyers may not have much room for negotiation.

The median days on the market has seen a slight increase, indicating a potential slowing in the rate of home sales.

It is important to keep in mind these trends reflect the overall housing market and may vary depending on specific neighborhoods or property types.

To gain a comprehensive view of the real estate landscape in Billings, it is essential to take a closer look at housing prices and sales.

Housing Prices and Sales

Real estate in Billings is thriving, as evidenced by the steady increase in housing prices and sales. The median listing home price is currently $439,000, with a price per square foot of $181 – a 7.1% year-over-year rise.

The median sold home price is $330,800, with a sale-to-list price ratio of 98.17%. On average, homes in Billings sell for around 1.83% lower than their asking price.

Despite this, the market is a buyer’s market, as there is more supply than demand. Likewise, homes tend to be on the market for roughly 42 days before they’re sold.

This points to the potential for long-term growth in Billings real estate investment.

Investment Potential

Investors may find potential in the growing property market in Billings, Montana. Housing prices and sales have been consistently rising, with the median listing home price increasing by 7.1% year-over-year.

The average sale-to-list price ratio of 98.17% suggests that properties in Billings are selling close to their asking prices. Homes are usually sold after an average of 42 days on the market, indicating a healthy demand for housing in the area.

On average, homes are sold for 1.83% below their asking prices, giving investors the chance to negotiate favorable deals.

The data analysis shows the potential for long-term profitability when investing in the Billings housing market.


All About Billings

If you’re looking for an exciting and vibrant city to explore, then Billings, Montana is the spot. With its strong economy and growth, Billings has become the largest retail destination in eastern Montana. Known as the Magic City and Montana’s Trailhead, this city opens up the state to travelers.

Billings has a lot of attractions, including ZooMontana, the Yellowstone Art Museum, and Pompeys Pillar. It’s also close to other destinations like Pictograph Cave and the Little Bighorn Battlefield.

History of Billings goes back to prehistoric times. The city was part of the Lewis and Clark expedition and was a railroad and energy center. Recently, Billings has made efforts to update itself, with a focus on environmental friendliness and improving infrastructure.

Economic Importance

Billings is the largest retail destination in the region and serves as the trade and distribution center for much of eastern Montana. Its strategic location and strong economy have led to its expansion and growth.

With over 500,000 people, Billings has become a major commercial and business center. The Billings Chamber of Commerce covers an expansive area of commerce, over 125,000 square miles, providing support to businesses in the region.

The city managed to escape the economic downturn and housing bust that hit the nation from 2008 to 2012, cementing its economic stability. Billings offers an array of economic opportunities, drawing in national companies to establish their operations in business parks and the downtown area. This has helped the city’s efforts to revitalize, with restored buildings and artful structures like Skypoint adding to the downtown area’s charm.

Moving onto the topic of ‘nicknames,’ it is worth noting that Billings’ economic importance and quick growth have earned it several monikers. These include the Magic City, City by the Rims, Star of the Big Sky Country, and Montana’s Trailhead. These nicknames display the city’s importance as a gateway to Montana and its standing as a flourishing economic center.


Experience the enchantment of the city referred to as the Magic City, situated between the Big Sky Country and the stunning Rims. Billings, Montana, earned its nickname due to its rapid growth and energetic atmosphere. As the entrance to Montana, this city provides an interesting mix of charm and enthusiasm.

Dive into the stunning beauty of the Big Sky Country. It has large open areas and stunning scenery, with Billings showing off the natural wonders Montana is renowned for. From the towering Rims to the lovely Yellowstone River, there is no lack of scenic views to explore.

Uncover the deep history and culture that describe this energetic city. Visit places such as ZooMontana, where you can observe a wide variety of wildlife, or investigate the Yellowstone Art Museum, which holds a collection of modern and historic art.

Finally, enjoy the many outdoor activities that Billings has to offer. You can go hiking the trails of Pompeys Pillar or go fishing in the Yellowstone River. There are endless possibilities for outdoor lovers.

Growth and Development

Uncover the remarkable story of a city that has gone through immense transformation, becoming the vibrant and thriving community it is today. Billings, Montana, has seen rapid growth and has become a major economic hub in the region.

From 1969 to 2021, the population of the Billings area rose by an astonishing 89%. In fact, Lockwood, the eastern suburb, recorded the highest growth rate of any area in Montana from 2000 to 2010. Even in 2020, the area had a population increase of 2.3%.

What stands out about Billings is its resilience during economic downturns. Though the country experienced an economic slump and housing bust from 2008 to 2012, Billings managed to dodge the worst of it. This strength of the city’s economy is visible through its position as the largest retail destination in the region and the availability of hotel accommodations, which surpasses any other area within a five-state radius.

Let’s explore Billings further and uncover the broad array of attractions that attract people from near and far. There is the captivating Yellowstone Art Museum and the natural wonders of ZooMontana, as well as the classic Pompeys Pillar and the breathtaking Beartooth Highway. Billings certainly has something for everyone.


Discover the captivating universe of attractions that await you in this vibrant city, where adventure and culture seamlessly intertwine.

Billings offers a plethora of exciting destinations that cater to every interest. Start your exploration at ZooMontana, a 70-acre wildlife park home to over 80 species of animals.

Immerse yourself in the world of art at the Yellowstone Art Museum, featuring contemporary and historical artworks from the region.

Explore Pompeys Pillar to see the signature of William Clark from the Lewis and Clark Expedition carved into the rock.

Pictograph Cave State Park lets you marvel at ancient pictographs and learn about the area’s rich prehistory.

Bighorn Canyon or Red Lodge Mountain offer outdoor enthusiasts a chance to hike, ski, or simply admire the breathtaking natural beauty.


Step back in time and witness the captivating past of Billings, a vibrant city. It was named after Frederick H. Billings, a former president of the Northern Pacific Railroad. Prior to Billings, the area was known as Clarks Fork Bottom and Coulson, the first settlement in the Yellowstone Valley. With the arrival of the railway, Billings rapidly flourished, leading to the demise of Coulson.

The 20th century saw considerable growth and transformation in Billings. It grew into an energy hub due to the discovery of oil, natural gas, and coal deposits. The city also served as a regional trading center. In 1985, the First Interstate Center, the highest building in Montana, was constructed.

In the 21st century, Billings has continued to progress and prosper. National companies have established operations centers in business parks and the downtown area. Downtown revitalization projects resulted in the repair of buildings and the creation of artistic features like Skypoint. Billings was appointed a Preserve America Community in 2007. The city has also taken strides towards environmental friendliness, earning LEED Platinum status for the MET Transit Center and LEED Gold certification in 2022, making it the first city in Montana to receive this honor.

Billings’ history is a representation of its tenacity and flexibility, making it an attractive destination for those who desire to explore the past.