Fairmont Hard Money Lender

Fairmont Hard Money Lender

In the Fairmont 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. Fairmont 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.

Fairmont Hard Money Lender FAQ’S

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

What Do Fairmont Hard Money Lenders Specialize in?

Fairmont 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 Fairmont Hard Money Loans?

Fairmont 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 Fairmont Hard Money Lenders Look at my Credit Score?

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

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

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

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

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

Refinance a Fairmont 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 Fairmont 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 West Virginia: West Virginia hard money loans

Current Real Estate Trends In Fairmont (2024)

The real estate market in Fairmont, WV is currently in a state of balance, with neither buyers nor sellers having the upper hand. The median listing price in October 2023 was $214.9K, a 17.4% increase from the previous year. Homes in the area generally sold for 1.26% lower than asking price, and the sale-to-list price ratio was 98.74%, indicating a slight room for negotiation between buyers and sellers.

Average time on the market was 39 days, slightly shorter compared to the previous month and year. Average home value in Fairmont was $157,592, demonstrating a 1.3% rise over the past year.

These trends indicate that Fairmont is an attractive market for both investments and first-time home buyers. It is a stable market with positive growth.

Current Trends

In Fairmont, WV, the real estate market is balanced. The median listing home price is $214.9K, while the median sold home price is $215K and the average sale-to-list price ratio is 98.74%. Compared to the previous year, the median listing home price has increased by 17.4%, showing positive growth.

Properties in Fairmont also have an average of 39 days on the market, suggesting a rapid turnover of homes. These figures suggest a stable and attractive real estate market in Fairmont.

In order to get a better understanding of the current conditions, one must consider further details about the market.

Market Overview

The property market in Fairmont, WV presents a look into the regional landscape, featuring a balance between offer and demand, as well as a constant median sale price of $148,333 as of September 30, 2023. With 78 homes available and 28 fresh listings in October, the market is quite active.

The median sale to list ratio of 0.977 shows that homes are being sold close to their asking values. Peering ahead, the market forecast suggests that 13.9% of sales could be above the list price, while 64.8% may be below.

The median days to pending statistic is not available, but it is helpful in monitoring market changes.

All in all, the current market overview in Fairmont, WV points to a stable and balanced housing market. Moving into the following section on housing market analysis, these trends provide important insights into the workings of the local real estate market.

Housing Market Analysis

The housing market analysis for Fairmont, WV reveals a stable and balanced market over the past year. As of September 30, 2023, there were 78 homes available for purchase. The median sale price for these homes was $148,333, while the median list price as of October 31 was $182,633. This indicates that homes were selling slightly lower than their listing prices, with a median sale to list ratio of 0.977.

Looking ahead, the forecast for the upcoming year suggests that the market will continue to be balanced. It is projected that 13.9% of sales will be higher than the list price, while 64.8% of sales will be lower.


One notable characteristic of the housing market in Fairmont is the age of the homes. On average, homes in the area are 69 years old. Despite their age, the median house value in Fairmont is lower than the national median. This makes it an attractive option for individuals looking to invest in real estate or purchase their first home.



All About Fairmont

Are you searching for a vacation spot that offers a blend of history, outdoor activities, and cultural experiences? Look no further than Fairmont, West Virginia. Located in Marion County, Fairmont has something for everyone.

Whether you are a history enthusiast or an outdoor lover, this city has attractions and activities that will enchant you. Journey back in time at Pricketts Fort State Park, where you can explore a reconstructed fort and take pleasure in the trails and picnic areas in the vicinity.

The Marion County Historical Society will take you on a journey through the rich history of Fairmont and Marion County, with collections that cover a vast array of topics.

If you’re looking for outdoor fun, the Marion County Park and Recreation Commission provides programs and activities for all ages, which include a wave pool, geocaching, and summer day camps.

Pay your respects at the Marion County Vietnam Memorial, a volunteer-built monument honoring those who served in the Vietnam War.

And when it’s time to refuel, Fairmont has a range of dining options to meet your needs.

So come and explore all that Fairmont has to offer.

Historical Sites

Fairmont is filled with historical sites that tell stories of the area’s past.

Pricketts Fort State Park is a reconstruction of the fort that was built during European settlement. Spanning over 188 acres, the park includes four blockhouses, a storehouse, a meeting house, and 14 small cabins. Trails, picnicking areas, and an outdoor amphitheater are also available for visitors to explore.

At the Marion County Historical Society, housed in a 1912 building, the focus is on preserving the local history. The collections cover glass industry, Revolutionary War, Civil War, black history, and coal barons. There are numerous research and educational opportunities for those interested in learning more about the area.

The Marion County Vietnam Memorial honors the 27 men from Marion County who lost their lives in the Vietnam War. The memorial includes a monument and a US Army Helicopter display and is located at 35 City View Terrace. It serves as a reminder of the sacrifices made by local servicemen.

The recreation and parks section offers plenty of outdoor activities for visitors and residents to take part in.

Recreation and Parks

Located at 1200 Speedway Road, Mountain Creative is an art studio that provides guided experiences and a peaceful atmosphere for those wishing to explore their creativity. Whether you have artistic experience or are a newbie, a wide array of crafts such as mosaics, pottery, and painting are available. The knowledgeable instructors at Mountain Creative will walk you through each step of the artistic process, helping you bring your vision to life. You can even book a private room for gatherings, making it an ideal place for special occasions.

The ambiance of Mountain Creative is calming and uplifting, permitting you to completely immerse yourself in your creative journey. All the necessary materials are supplied, so you don’t need to bring anything but your imagination. As soon as you step through the doors, you will feel motivated to let your inner artist run wild.

Marion County has a long and proud history that is celebrated through its various memorials and monuments. These historical sites salute the courageous people who served in the Vietnam War, such as the Marion County Vietnam Memorial located at 35 City View Terrace.

Memorials and Monuments

Nestled among the picturesque landscapes of Marion County, memorials and monuments serve as powerful symbols of honor and remembrance. The Marion County Vietnam Memorial is a prominent example, located at 35 City View Terrace. This volunteer-built tribute honors those who served in the Vietnam War and consists of a monument and a US Army Helicopter display. It specifically pays homage to the 27 men from Marion County who made the ultimate sacrifice.

Another notable site in Marion County is Pricketts Fort State Park. Spanning 188 acres, this park recreates the fort built during early European settlement. It features four blockhouses, a storehouse, a meeting house, and fourteen small cabins. Beyond the fort, visitors can explore scenic trails, enjoy picnicking spots, and attend live performances at the outdoor amphitheater.

Memorials and monuments are just a few of the many attractions that Marion County has to offer. In addition to these, the county boasts a wide range of captivating museums and engaging activities that allow visitors to immerse themselves in the vibrant heritage of Fairmont.

Cultural Attractions

Explore the captivating museums and engaging activities of Marion County and immerse yourself in its rich cultural heritage. Uncover the Marion County Historical Society, found in a historic building from 1912. Here, you can explore the interesting history of Fairmont and Marion County, with collections covering the glass industry, the Revolutionary War, the Civil War, black history, and coal barons. The society is devoted to preserving the county’s history and offers research and educational opportunities.

Experience the arts at Mountain Creative, where you can take part in guided art experiences and try out various crafts such as mosaics, pottery, and painting. The studio provides an inviting and encouraging atmosphere, and even has a private room for parties.

For a bit of the past, visit the Fleming Mansion. This beautiful home, once the Fleming family’s property, is now the headquarters of the Womans Club of Fairmont. Though viewings are limited to special occasions, the club members are actively involved in restoring and preserving this historic landmark.

Now that you’ve experienced the cultural attractions of Marion County, it’s time to savor its diverse dining options. Transitioning from the rich heritage to the vibrant culinary scene, let’s explore the scrumptious dining experiences that await you in Fairmont.

Dining Options

Fairmont is the place to be for delicious dining options. Whether you’re in the mood for Southern Italian cuisine or classic diner fare, you can find something to satisfy your cravings.

Muriales Italian Kitchen is a family-owned restaurant that has been serving up delicious Southern Italian-style food since 1969. They cater to special events and their menu specializes in classic Italian dishes.

The Poky Dot is an exciting diner that offers an extensive menu, including breakfast and dinner specials, as well as a wide variety of desserts.

Cantonis Pizza is a must-visit for those who love authentic Italian pizza. They offer thin crust pizzas with white garlic or traditional tomato-based sauces, as well as appetizers, wings, and hoagies.

All of these restaurants have something to offer, so come explore the culinary delights that Fairmont has to offer.