Durham Hard Money Lender

Durham Hard Money Lender

In the Durham 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. Durham 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.

Durham Hard Money Lender FAQ’S

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

What Do Durham Hard Money Lenders Specialize in?

Durham 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 Durham Hard Money Loans?

Durham 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 Durham Hard Money Lenders Look at my Credit Score?

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

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

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

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

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

Refinance a Durham 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 Durham 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 New Hamphire: New Hampshire hard money loans

Current Real Estate Trends In Durham (2024)

Durham, NH is experiencing a robust housing market which is evident from the recent real estate trends. The average home value in Durham is now $615,014, representing a 9.6% increase from the previous year. The median value of homes in Durham is $531,800, surpassing the national median value significantly. This indicates a high demand for housing in the area.

Durham’s appreciation rate of 14.27% is higher than the national average of 8.27%, indicating a healthy market. Most of the houses in Durham are 39 years old, suggesting there may be potential for some renovation.

The rental market in Durham is also noteworthy with 33.9% of the population being renters and around 4.9% of available housing units being rented.

Durham offers a wide variety of housing options with varying values and a mix of historic and newer properties. This emphasizes the importance of homeownership and the potential for long-term investment in Durham.

Home Values

The Durham housing market is showing signs of a significant increase in home values. The median listing home price has seen a year-over-year growth of 11.2%, indicating a strong demand for housing in the area. These figures suggest that the neighborhood is desirable and could produce a good return on investment.

To gain a comprehensive understanding of the various factors influencing the current real estate trends in Durham, it is important to look further into the housing market overview. By doing this, investors will be able to make informed decisions and ensure that they are making the best investments.

Housing Market Overview

The housing market in the area of focus offers a thorough look at the prevailing conditions and dynamics related to home values, market predictions, median sale to list ratios, sales over and under list prices, and the amount of time it takes for a property to go pending. This data provides valuable knowledge into the current state of the housing market, giving potential buyers and sellers the ability to make wise decisions.

By studying the data on home values and market predictions, individuals can get a sense of the potential for appreciation or depreciation in property values. Being aware of the median sale to list ratios and the percentage of sales over or under list prices can provide insight into the competitiveness of the market. Additionally, the median days to pending metric gives an indication of the rate at which properties are being sold.

With this knowledge, individuals can navigate the housing market more efficiently. It is essential to analyze the rental market in order to gain a complete understanding of the area’s real estate landscape.

Rental Market Analysis

Analysis of the rental market in Durham provides valuable insights into the demand for rental properties, helping those interested in real estate make knowledgeable decisions. Here are four significant discoveries related to the rental market in Durham:

– Renters make up 33.9% of the Durham population, indicating a large rental market in the area.

– About 4.9% of houses and apartments in Durham are available to rent, providing options for those seeking rental properties.

– The median monthly rent in Durham fluctuates based on the number of bedrooms, offering potential cost savings with smaller units and higher prices for larger units.

– The vacancy rate in Durham is 19.0%, suggesting potential housing availability for homebuyers or investors. However, vacant housing may need maintenance or renovation, and can impact neighborhood dynamics.

These findings reveal the need for rental properties in Durham and the potential opportunities and considerations for those in the rental market.



All About Durham

Durham, a town in New Hampshire, is situated at the mouth of the Oyster River, near the magnificent Great Bay. Durham has a population of 15,490 and is mainly known as the home of the esteemed University of New Hampshire. The university was established in 1866 and has had a major influence on the community.

Exploring Durham’s history, you’ll find that English colonists first settled there in 1622 and the town officially adopted its name in 1732. Rev. Hugh Adams proposed the name of Durham.

In 2017, Durham made history by becoming the first town in New Hampshire to recognize Indigenous Peoples Day instead of Columbus Day, a gesture of inclusivity.

So, get ready to explore the captivating past and geography of Durham!

Location and Population

Durham, New Hampshire is situated at the mouth of the Oyster River, right next to Great Bay. The town had 15,490 inhabitants according to the 2020 census. Durham is blessed with a gorgeous natural environment, and it covers a total area of 24.7 square miles, with 22.4 square miles of land, and 2.4 square miles of water. Over the years, Durham has become a bustling and ever-growing community.

The University of New Hampshire is embedded in the Durham census-designated place. It is a vital part of the town’s identity and greatly contributes to the vibrant atmosphere of the area. The university attracts students from all across the country, providing a wide variety of courses and a plethora of educational opportunities. Not only does it create a lively atmosphere, but it also enriches Durham’s cultural and intellectual life.

University of New Hampshire

The University of New Hampshire is situated in the heart of the town, a bustling and vibrant campus that plays a vital role in the identity of the community. It is the primary settlement of Durham, with much of the population living in the Durham census-designated place (CDP) encompassing New Hampshire Route 108 and Main Street.

Students, faculty, and staff from a variety of backgrounds all come together to make up this bustling and diverse population, and to contribute to the culture of the town. There is a large selection of academic programs available, and the university is renowned for its research and invention.

There are various modern facilities on campus, such as the Dimond Library, where students can access a wide array of resources and services.

The university’s past is intimately connected to the development of the town, and dates back to 1866 when it was founded as the New Hampshire College of Agriculture and the Mechanic Arts. It has grown into a prestigious institution that continues to shape Durham and the surrounding areas for the future.


Imagine strolling through the vivacious roads of this ancient town, where tales of early colonizers and indigenous people come to life before your eyes. Durham, New Hampshire, holds a deep and captivating past that goes back to its original settlement by English settlers in 1622.

Initially called Wecannecohunt, the town was later raided during the Raid on Oyster River in 1694. It was officially given the name Durham in 1732 when it was declared a town.

Over the years, Durham has seen considerable progress, including the foundation of the University of New Hampshire in 1866. The university, situated in the Durham census-designated area, has become the core of the town, with a population of 11,147 people living in the main settlement.

Durham’s history is profoundly intertwined with the indigenous people of the region, which is mirrored in the town’s recognition of Indigenous Peoples Day. This ruling was made to promote inclusivity and cultural understanding, paying tribute to the efforts of Native American communities.

Now, let’s explore the remarkable story behind the naming of Durham and its connection to the early settlers and the setting up of the University of New Hampshire.

Naming of Durham

Exploring the history of Durham will lead you to many interesting facts behind the enigmatic name of this captivating place. It was proposed by Rev. Hugh Adams in 1738, yet the exact origin is still uncertain.

Some think that William and Edward Hilton, early settlers who were descendants of Sir William de Hilton, had something to do with it, although there is no solid proof. Benjamin Thompson, a descendant of an early settler, left his estate and assets for the foundation of an agricultural college. Later, this college was renamed the University of New Hampshire and was established in Durham in 1866.

To pay tribute to Thompson, a building called Thompson Hall was constructed in 1892. Thus, the naming of Durham demonstrates its deep-rooted history and the connection of the town to education and agriculture.

The town also embraces inclusivity and cultural recognition by celebrating Indigenous Peoples Day instead of Columbus Day.

Indigenous Peoples Day

Durham has taken a major step towards honoring the history and accomplishments of Native American communities by recognizing Indigenous Peoples Day rather than Columbus Day. This shows an increasing awareness of the importance of honoring the original inhabitants of the region. It is an effort to create a more inclusive and culturally aware environment.

In 2018, the Oyster River Cooperative School District, which includes Durham, Lee, and Madbury, changed its school calendar to recognize Indigenous Peoples Day to reflect the district’s beliefs and give students a more accurate view of history.

Indigenous Peoples Day is a reminder of the ancestral home of the Abenaki, Pennacook, and Wabanaki peoples in the region. It celebrates them and their contributions to the community.

By substituting Columbus Day with Indigenous Peoples Day, Durham joins a number of communities around the United States that are reevaluating Christopher Columbus’ historical significance. This move symbolizes a wider campaign to honor the indigenous peoples who were affected by colonization.

Durham’s observance of Indigenous Peoples Day not only commemorates the past, but also encourages a more welcoming and culturally aware atmosphere. It helps build a better understanding of the indigenous peoples who have left a lasting mark on the history and culture of the region.