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Hard money and fix and flip loans in Hyattsville, MD
Financing for bungalows and colonials to renovate and long-term rentals inside the Beltway in Prince George’s County.
The Hyattsville market for investors
Hyattsville is an older inner-ring suburb on the Route 1 corridor in Prince George’s County, just over the DC line and next to the University of Maryland in College Park. Its housing ranges from early twentieth-century bungalows and Victorians to postwar Cape Cods, with redevelopment around the Hyattsville Crossing and West Hyattsville Metro stations.
Prince George’s County has long been the busiest flipping market around DC, because prices sit below the District and Montgomery County. Investors renovate older homes for resale and hold long-term rentals for university staff, students and DC commuters.
Areas investors ask about
- Hyattsville historic district: bungalows and Victorians near Route 1
- University Hills and West Hyattsville: postwar homes near the Green Line
- Riverdale Park, Mount Rainier and Brentwood: neighboring towns with similar older housing stock
Plan for these on a Hyattsville deal
- Prince George’s County requires a rental license and an inspection for single-family and multifamily rentals. Some municipalities inside the county run their own programs as well, so check the address.
- Montgomery and Prince George’s counties limit short-term rentals to a host’s primary residence, so investment properties are underwritten on long-term rent.
- Low-lying areas along the Anacostia branches are in flood zones. Check the FEMA flood zone before you make an offer. Where flood insurance is required, the premium is part of the payment.
- Older homes often need electrical, plumbing and lead paint work. Price them into the scope.
Loans available in Hyattsville
| Program | Use it for | Top leverage |
|---|---|---|
| DSCR rental loans | Purchase or refinance of long-term rentals, rowhouses, condos and small multifamily | 85% loan-to-value to buy, 80% on a cash-out refinance |
| Ground-up construction loans | Building a home, an infill rowhouse or a rental from the ground up, lot included | 90% of cost for experienced builders, up to 70 to 75% of the finished value |
| Fix and flip loans | Purchase plus renovation of a property you intend to sell | 90% of the purchase price and 100% of the rehab, up to 70 to 75% of after-repair value |
| Portfolio and commercial loans | A group of rentals under one note, or multifamily and commercial property | 80% on a portfolio purchase; commercial priced per deal |
Hyattsville hard money loans: common questions
Yes. Prince George’s is one of our most active markets. We lend up to 90% of the purchase and 100% of the rehab at a 720+ credit score.
Prince George’s County requires a rental license and inspection, and some municipalities add their own requirements. Confirm what applies to the address before the first lease.
Fix and flip loans average up to 21 days and can close in about 7 days when title and insurance are ready. Rental and DSCR loans take about 30 days, appraisal included. Closings are handled by a title company or settlement attorney.
Looking at a property in Hyattsville?
Send the address, the price and what you plan to do with the property. We will reply with the leverage and pricing that fit your deal.