MoFin Lending is a direct lender specializing in hard money and bridge loans for real estate investors, offering quick closings and transparent pricing for fix-and-flip, rental, and construction properties.
Data compiled from public sources · Rating from CreditDoc methodology
MoFin Lending operates as a direct hard money lender focused exclusively on real estate investors rather than traditional homebuyers. The company positions itself as an alternative to conventional mortgage lenders by targeting investors seeking rapid funding for investment properties across multiple strategies including fix-and-flip projects, rental property acquisitions, and ground-up construction. MoFin markets itself as a specialized lender that understands investor needs and offers flexibility that traditional banks typically don't provide.
MoFin offers three primary loan products: Bridge Loans (12-18 month terms for fix-and-flip and value-add properties with rates from 8.25%-10.25%), Rental Loans (30-year fixed-term loans for single properties or portfolios with rates from 5.75%-7.875%), and Construction Loans (12-18 month terms for 1-4 unit residential properties with rates from 8.50%-10.50%). All loan products require a minimum loan amount of $150,000. The rental loan product notably qualifies borrowers based on rental property income rather than personal income, and includes options for short-term rentals like Airbnb and VRBO properties. Bridge and construction loans include no prepayment penalties and interest-only options.
MoFin distinguishes itself through three claimed differentiators: a quick, online-based process with dedicated team members for borrower support; transparent upfront pricing with term sheets provided immediately after pre-qualification and explicit promises of no hidden fees; and "certainty of close" guarantees where the lender commits to either closing on the borrower's timeline or providing the earliest feasible close date. The company emphasizes direct lending without passing loans through multiple intermediaries, and borrower testimonials highlight funding for portfolios of 100+ properties and refinancing of 15+ single-family rentals by repeat clients.
However, MoFin's loan products come with significantly higher interest rates than conventional mortgages (8.25%-10.50% on short-term products, 5.75%-7.875% on rental products), reflecting the hard money lender model. The company's focus is exclusively on investment properties—not primary residences, owner-occupied homes, or borrowers without real estate investment experience. Minimum loan amounts of $150,000 exclude smaller investors. While marketed as "transparent," the website provides limited detail about underwriting criteria, loan-to-value ratios, required down payments, or specific closing cost structures. The lender's products are designed for a niche audience of active real estate investors with established portfolios or experienced operators.
Yes. MoFin Lending is a registered company, headquartered in New York, NY.
Results vary by individual situation. Contact the provider to discuss expected timelines for your specific needs.
CreditDoc Diagnosis
MoFin Lending is best suited for experienced real estate investors with established portfolios who need rapid funding and are comfortable with hard money loan rates and short-term terms. The primary caveat is that this is not a lender for primary residence homebuyers, first-time investors, or borrowers seeking conventional mortgage rates—it is exclusively an investment property lender with significantly higher costs and shorter time horizons than traditional banks.
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Read guide →New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.
The total yearly cost of borrowing money, including the interest rate plus any fees the lender charges. Think of it as the 'true price tag' on a loan.
Lenders must show APR by law (Truth in Lending Act) because the interest rate alone can hide fees. Comparing APR across lenders is the most reliable way to find the cheapest loan.
Example
You borrow $10,000 at 6% interest for 3 years, but there's a $300 origination fee. The interest rate is 6%, but the APR is 6.9% because it includes that fee. You'd pay $304/month and $946 total in interest.
The percentage a lender charges you for borrowing their money, calculated on the amount you still owe. It's the lender's profit for taking the risk of lending to you.
Even a 1% difference in interest rate can cost you thousands over a loan's life. Lower rates mean less money out of your pocket.
Example
On a $20,000 car loan for 5 years: at 5% you pay $2,645 in interest. At 8% you pay $4,332. That 3% difference costs you $1,687 extra.
A person who agrees to repay your loan if you can't. They're equally responsible for the debt, and their credit is affected by your payment behavior.
Cosigning helps people with thin credit get approved or get better rates. But it's a huge risk for the cosigner — they're on the hook for the full amount if you default.
Example
A parent cosigns their child's $30,000 student loan. The child stops paying after 6 months. The parent is now legally required to make the payments or face collections, lawsuits, and credit damage.
How long you have to repay the loan, measured in months or years. A shorter term means higher monthly payments but less total interest paid.
Longer terms feel more affordable monthly but cost much more overall. A 30-year mortgage costs almost double in interest compared to a 15-year mortgage on the same amount.
Example
Borrowing $200,000 at 6.5%: A 15-year term costs $1,742/month ($113,561 total interest). A 30-year term costs $1,264/month ($255,088 total interest). You save $141,527 with the shorter term.
A one-time fee the lender charges to process and set up your loan. It covers their costs for underwriting, verifying your information, and preparing paperwork.
Origination fees are usually 1-8% of the loan amount and are often deducted from your loan proceeds — so you receive less than you borrowed.
Example
You're approved for a $10,000 personal loan with a 5% origination fee. The lender deducts $500 upfront, so you receive $9,500 in your bank account but owe $10,000 plus interest.
The original amount of money you borrowed, before any interest or fees are added. It's the 'real' amount of your debt.
Your interest is calculated on the principal. Paying extra toward principal (not just interest) is the fastest way to reduce your total cost and pay off a loan early.
Example
You borrow $25,000 for a car. That $25,000 is your principal. Your first payment of $450 might split as $150 toward interest and $300 toward principal, bringing your balance to $24,700.
The process where a lender evaluates your finances — income, debts, credit history, assets — to decide whether to approve your loan and at what rate.
Understanding what underwriters look for helps you prepare a stronger application. They check your DTI ratio, employment stability, credit score, and the asset's value.
Example
You apply for a mortgage. The underwriter reviews your pay stubs (income), bank statements (savings), credit report (history), and orders an appraisal (home value). This takes 2-4 weeks.
Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.
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