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Data Updated 2026-06-02

2026 Hard Money Lending Rates by State

Complete rate benchmarks for all 50 states — sourced from our network of 448 lenders plus verified industry data. Updated 2026-06-02.

10.36%
National Avg Rate
8.9%
Lowest in Network
6 days
Avg Close Time
80%
Avg Max LTV
448
Lenders in Network

All 50 States — Rate Comparison Table

Sortable by any column. Click a state name to see lenders in that market.

State Avg Rate Rate Range Avg Points Max LTV Loan Term Min Loan Typical Close
Alabama 23 lenders 9.61% 8.99–14% 2 90% 12 mo $50k 3–8 days
Alaska (industry avg) 12.5% 10.0–15.0 2 70% 12 mo $75k 10–21
Arizona 15 lenders 9.3% 8.99–13.5% 2 90% 12 mo $50k 3–8 days
Arkansas 26 lenders 10.31% 8.99–14.5% 2 90% 12 mo $50k 5–8 days
California 60 lenders 9.55% 8.99–14% 2 90% 12 mo $75k 3–8 days
Colorado 15 lenders 9.46% 8.99–13.5% 2 90% 12 mo $50k 3–8 days
Connecticut (industry avg) 11.5% 9.5–14.0 2 75% 12 mo $75k 7–14
Delaware (industry avg) 11% 9.0–13.5 2 75% 12 mo $50k 7–14
Florida 110 lenders 10.03% 8.99–14.5% 2 90% 12 mo $50k 5–8 days
Georgia 35 lenders 9.95% 8.9–14.5% 2 90% 12 mo $50k 3–7 days
Hawaii (industry avg) 11% 9.0–13.5 2 75% 12 mo $100k 10–21
Idaho 8 lenders 9.56% 8.99–13.5% 2 90% 12 mo $50k 3–8 days
Illinois 26 lenders 10.01% 8.99–15% 2 90% 12 mo $50k 3–8 days
Indiana 17 lenders 9.69% 8.99–14.5% 2 90% 12 mo $50k 3–8 days
Iowa 7 lenders 9.75% 8.99–13.5% 2 90% 12 mo $50k 5–9 days
Kansas 17 lenders 10.09% 8.99–15% 2 90% 12 mo $50k 3–8 days
Kentucky 10 lenders 9.65% 8.99–14% 2 90% 12 mo $50k 3–8 days
Louisiana 11 lenders 10.48% 8.99–14.5% 2 90% 12 mo $50k 5–9 days
Maine (industry avg) 12% 10.0–14.5 2 70% 12 mo $50k 7–14
Maryland 7 lenders 9.28% 8.99–13.5% 2 90% 12 mo $75k 3–8 days
Massachusetts 7 lenders 9.43% 8.99–13.5% 2 90% 12 mo $75k 5–9 days
Michigan 10 lenders 9.72% 8.99–14% 2 90% 12 mo $50k 3–7 days
Minnesota 7 lenders 9.43% 8.99–13.5% 2 90% 12 mo $50k 3–8 days
Mississippi (industry avg) 11.5% 9.5–14.0 2 75% 12 mo $50k 7–14
Missouri 30 lenders 10.04% 8.99–14.5% 2 90% 12 mo $50k 3–8 days
Montana (industry avg) 12% 10.0–14.5 2 70% 12 mo $75k 10–21
Nebraska (industry avg) 11.5% 9.5–14.0 2 75% 12 mo $50k 7–14
Nevada 19 lenders 9.59% 8.99–14% 2 90% 12 mo $50k 3–8 days
New Hampshire (industry avg) 11.5% 9.5–14.0 2 75% 12 mo $75k 7–14
New Jersey (industry avg) 11% 9.0–13.5 2 75% 12 mo $75k 7–14
New Mexico 7 lenders 9.43% 8.99–13.5% 2 90% 12 mo $50k 5–8 days
New York 26 lenders 10.15% 8.99–14.5% 2 90% 12 mo $100k 5–8 days
North Carolina 79 lenders 9.9% 8.9–14% 2 90% 12 mo $50k 3–8 days
North Dakota (industry avg) 12% 10.0–14.5 2 70% 12 mo $50k 10–21
Ohio 60 lenders 9.93% 8.99–14.5% 2 90% 12 mo $50k 3–8 days
Oklahoma 14 lenders 9.69% 8.99–13.5% 2 90% 12 mo $50k 3–8 days
Oregon 17 lenders 9.69% 8.99–14% 2 90% 12 mo $50k 5–8 days
Pennsylvania 16 lenders 9.34% 8.99–13.5% 2 90% 12 mo $75k 3–7 days
Rhode Island (industry avg) 11.5% 9.5–14.0 2 75% 12 mo $75k 7–14
South Carolina 30 lenders 9.83% 8.99–14% 2 90% 12 mo $50k 5–8 days
South Dakota (industry avg) 12% 10.0–14.5 2 70% 12 mo $50k 10–21
Tennessee 58 lenders 9.79% 8.99–14% 2 90% 12 mo $50k 3–8 days
Texas 138 lenders 10.2% 8.99–14.5% 2 90% 12 mo $50k 3–8 days
Utah 35 lenders 10.03% 8.99–14.5% 2 90% 12 mo $50k 5–8 days
Vermont (industry avg) 12% 10.0–14.5 2 70% 12 mo $75k 10–21
Virginia 24 lenders 9.69% 8.99–14% 2 90% 12 mo $75k 3–8 days
Washington 16 lenders 9.72% 8.99–14% 2 90% 12 mo $50k 3–8 days
West Virginia (industry avg) 12% 10.0–14.5 2 70% 12 mo $50k 10–21
Wisconsin 8 lenders 9.37% 8.99–13.5% 2 90% 12 mo $50k 3–8 days
Wyoming (industry avg) 12% 10.0–14.5 2 70% 12 mo $50k 10–21
Washington DC 8 lenders 9.56% 8.99–13.5% 2 90% 12 mo $100k 5–8 days

* States with lender badges use data from our live lender database. States without badges use researched industry averages from RCN Capital, Kiavi, and CoreVest published rate cards (2025–2026).

Regional Rate Trends

Hard money rates vary by region based on market competition, regulatory costs, and investor demand density.

South

Avg Rate
10.9%

17 states • TX, FL, GA drive volume

West

Avg Rate
10.8%

13 states • CA, AZ, NV drive volume

Midwest

Avg Rate
11.2%

12 states • OH, MI, IN drive volume

Northeast

Avg Rate
11.4%

9 states • NY, PA, MA drive volume

How Hard Money Rates Have Changed (2024–2026)

Hard money rates have remained relatively stable since 2024 despite conventional mortgage rate volatility. This is because hard money lenders are asset-backed and care more about collateral value than macro rate movements. The Fed's rate decisions primarily affect long-term conventional financing — hard money is a bridge product priced on deal risk, not duration.

Key trends: California and Florida markets remain the most competitive with rates as low as 7.5–8.5% for strong borrowers. Southeast markets (Georgia, North Carolina, Tennessee) offer strong volume with rates averaging 10–11%. Midwest and Northeast markets tend to be 0.5–1.5% higher due to lower deal volume and higher regulatory costs.

Top Markets — State Detail Cards

States with the most lender activity and investor demand in 2026.

Texas

TX

Texas remains the most active fix-and-flip market in the US, with strong investor activity in Houston, Dallas, Austin, and San Antonio.

Avg rate: 10.2% Max LTV: 90% Close: 3–8d
View all cities in Texas →

Florida

FL

Florida markets — Miami, Tampa, Orlando — see high investor demand. Rates are competitive in the 8–12% range.

Avg rate: 10.03% Max LTV: 90% Close: 5–8d
View all cities in Florida →

North Carolina

NC

Raleigh-Durham and Charlotte markets have grown rapidly. Triangle investors benefit from strong LTV offerings.

Avg rate: 9.9% Max LTV: 90% Close: 3–8d
View all cities in North Carolina →

Georgia

GA

Atlanta and secondary Georgia markets drive robust hard money activity with rates from 8.5%.

Avg rate: 9.95% Max LTV: 90% Close: 3–7d
View all cities in Georgia →

Arizona

AZ

Phoenix and Tucson both offer highly competitive hard money terms thanks to high deal volume.

Avg rate: 9.3% Max LTV: 90% Close: 3–8d
View all cities in Arizona →

Ohio

OH

Cleveland, Columbus, and Cincinnati form a solid mid-market corridor for fix-and-flip investors.

Avg rate: 9.93% Max LTV: 90% Close: 3–8d
View all cities in Ohio →

Virginia

VA

Richmond and Virginia Beach markets are gaining investor attention with favorable local demand.

Avg rate: 9.69% Max LTV: 90% Close: 3–8d
View all cities in Virginia →

Colorado

CO

Denver and Colorado Springs show strong investor activity with average rates below 11%.

Avg rate: 9.46% Max LTV: 90% Close: 3–8d
View all cities in Colorado →

Tennessee

TN

Nashville and Memphis markets offer favorable terms for investors targeting the Southeast corridor.

Avg rate: 9.79% Max LTV: 90% Close: 3–8d
View all cities in Tennessee →

California

CA

Los Angeles, San Diego, and Sacramento markets offer strong competition among lenders, driving rates down.

Avg rate: 9.55% Max LTV: 90% Close: 3–8d
View all cities in California →

Frequently Asked Questions

What is the average hard money loan interest rate in 2026?
Based on our network of lenders, the average hard money loan rate in 2026 is approximately 10–11% for fix-and-flip loans. Rates typically range from 8% to 15% depending on the lender, market, borrower profile, and property type.
How are hard money rates different from traditional bank rates?
Hard money rates run 3–6% higher than conventional mortgage rates because they reflect higher lender risk, shorter loan terms, and faster funding. While conventional loans might be 6.5–7.5%, hard money loans are typically 10–13%.
What factors affect hard money loan rates?
Key factors include: credit score and experience, Loan-to-Value (LTV) ratio, property type and condition, exit strategy (flip vs. rental), deal-to-lender ratio in the market, and whether you are an existing borrower with the lender.
What is a typical loan-to-value (LTV) ratio for hard money loans?
Most hard money lenders offer 70–80% LTV for purchase-and-renovate loans. Some lenders go to 85–90% for strong deals with experienced borrowers. Raw land and construction loans typically cap at 65–75% LTV.
How quickly can a hard money loan close?
Hard money loans can close in as little as 3–7 days for experienced borrowers with complete documentation. Most lenders close within 7–14 days. Speed depends on the lender, the complexity of the deal, and how quickly you provide required docs.
What are points or origination fees on hard money loans?
Hard money lenders typically charge 1–3 points (1 point = 1% of the loan amount) as origination fees. On a $200,000 loan, 2 points = $4,000 upfront. This is separate from interest rates.
Do hard money rates vary by state?
Yes. Rates vary by state due to local market competition, regulatory environment, and deal volume. California, Florida, and Texas tend to have more competitive rates (8–12%) while smaller or more rural markets may see 12–15%.
What is the minimum loan amount for hard money loans?
Minimum loan amounts vary by lender, typically ranging from $25,000 to $100,000. Smaller loans often carry higher interest rates to compensate for fixed origination costs.
Can you refinance with a hard money lender?
Yes. Hard money bridge loans are commonly used to refinance existing debt, especially when conventional refinancing is too slow or the property doesn’t qualify for conventional financing due to condition or vacancy.
How often are these rates updated?
Our rate data is aggregated from our lender network and refreshed monthly. We supplement with publicly available rate cards from major national hard money lenders. Last updated: 2026-06-02.

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Methodology

Our rate data comes from two sources combined to maximize accuracy and coverage:

  • Live lender network — Average rates from actual lenders serving each state in our database of 448 hard money lenders across 116 US markets.
  • Industry rate card research — For states with fewer than 3 lenders in our network, we use rates published by RCN Capital, Kiavi, and CoreVest (the three largest national hard money lenders). Labeled "industry avg" in the table.
  • Update frequency — Live lender data refreshes daily when the lender network updates. Industry averages are updated quarterly.
  • Disclaimer — These rates are indicative benchmarks only. Actual rates depend on your credit profile, property, deal experience, and the specific lender's underwriting criteria.

Last refreshed: 2026-06-02. Data sourced from Hard Money Scout lender network and public rate disclosures from RCN Capital, Kiavi, and CoreVest (2025–2026).