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Rating by Finanso®

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Anchor Loans


About lender

Since its founding in 1998, Anchor Loans has become the nation's outstanding provider of private lending to real estate investors engaged in the "fix-and-flip" business model. The company cultivates long-term client relationships while assisting customers in achieving and exceeding their business objectives.

More than eighty-five percent of Anchor Loan's borrowers are returning customers. The company has been listed as one of the fastest-growing, privately held small companies in the United States on the Inc. 5000 list for the past two years.

At Anchor Loans, they facilitate the connection between real estate investors and borrowers to produce favorable opportunities for both groups. To achieve this goal, they have developed expertise in lending rehabilitated properties, which ‌helps improve the excellence of life in the societies in which they are located.

This company's primary lending option is a fix and flip loan program. In addition, they provide loan amounts for new construction, refinancing, hard money fix and flip loans, and hard money loans for commercial properties, among other financial services.

Pros and cons


  • Quick application evaluations

  • Short-term funding in as little as five days

  • Lending in 48 states

  • Dedicated processing teams

  • Accepts rush deals.


  • High-interest rates

  • Possible hidden fees

  • Huge closing costs

  • Not available in all the US states.

Terms and conditions

Anchor Loans is the go-to lender for seasoned real estate investors and builders to finance the acquisition, improvement, and development of non-owner-occupied properties, such as investment property. It specializes in providing larger loan amounts tailored to the borrower's specific needs. It also has risk-based pricing and terms that reward both experienced borrowers and those who have returned.

The recommended minimum credit score is 620. However, it can be lower depending on the individual circumstances. In most cases, the amount of Anchor Nationwide Loans does not exceed seventy percent of the ARV (After Repaired Value). This figure may include the purchase price, the costs of the renovation, and the closing costs.

Moreover, their interest rates range from 7% to 12%, depending on the risk involved. The points range from 0.5% up to 3%. However, there is no owner-occupied lending program available through Anchor.

Fix and Flip loans

A fix and flip loan or bridge loan is a short-term funding loan that provides you with the operating capital you need to satisfy your fix and flip project's urgent financial commitments. This type of loan typically has a term of 12 months or fewer and may be arranged in a matter of days. As with most other types of investment property loans, collateral is necessary for an underwriter to back the loan amount. What makes a fix and flip loan so appealing to people new to the sector is that the collateral might be the expected value of the rehabbed investment property. You can do it in two ways: base the loan amount you can borrow on the after-repair value (ARV) or the loan-to-cost (LTC) ratio.

For fix and flip loans, Anchor Nationwide Loans provide interest rates ranging from 8% to 13% and loans that can go anywhere from $50,000 to $50,000,000. It has a maximum Loan-to-cost (LTC) of 90% and durations that can last anywhere from six months to one year. It is a short-term funding option for the acquisition and repair of single-family and multi-family properties, regardless of the condition of the properties, with one to three origination points and no need for an appraisal.

New construction loans

A construction loan or self-build loan is a type of short-term funding loan used to finance the construction of a home or a different kind of real estate project. Before acquiring money for the project on a long-term basis, the home buyer or builder will hold out a construction loan to cover the project's costs. Traditional mortgage interest rates are often lower than those associated with construction loans because of the higher perceived risk associated with the former.

Anchor Nationwide Loans can provide you with a versatile solution no matter what kind of construction you are thinking of undertaking. It was developed with ease, rapidity, and adaptability in mind. New construction loans from Anchor Nationwide Loans apply to single and multi-family properties. No maximum loan amount is available, with loan terms ranging from six to 18 months. It has one to three origination points with interest reserves available. You are only responsible for paying interest in cash drawn for construction.

Rental loans

A rental property loan is a first lien mortgage loan backed by a single-family home rented out and not lived in by the owner. To be qualified, the house must be ready to rent. Most of the time, rental investment property loans are used for long-term tenants, but you can also use them for short-term funding rentals, such as vacation rentals. A property bought to make money, usually by renting it out to tenants, is called an investment property. You can use investment property loans for single-family homes with one to four units, condos, and townhomes.

Anchor Nationwide Loans offers various long and short-term funding options to help create and expand your real estate investment property. The company's rental loans are available for one to four-family properties and up to 20 properties for the loan. It is perfect for long-term, short term and vacation rentals with Debt Service Coverage Ratio (DSCR) as low as 1.1x. You can purchase, refinance, or cash-out refinance properties with 30-year fixed or Hybrid ARM lending options. Anchor Nationwide Loans offer investment property loan amounts from $50,000 to $3,000,000 with loan terms ranging from three to five-year prepay penalty lending options.

Funding a loan

You can complete Anchor Loans' free online application in as little as 10 minutes. The specifics of your application determine rates and conditions. The more information you offer, the more alternatives you will have.

You need to send in any relevant information to the deal, such as your purchase contract, blueprints, permits, budgets, anticipated repair budget, and any other transaction paperwork‌. Then, Anchor Loans will proceed with the short-term funding once you have indicated that the loan amount, terms, and conditions satisfy you, the loan documents have been signed, and the escrow is ready to complete the transaction. You can refer to yourself as an official Anchor Nationwide Loans customer.

The initial application, borrower approval, investment property value, and finance take one to two weeks. For a pre-qualified consumer, rush deals can be accepted and funded in two days, but most require five.

Anchor Nationwide Loans provide easy pre-approval for real estate investors who have accomplished five or more projects in the previous 18 months for fix and flip or bridge loans and new construction loans. You will receive a personalized loan estimate within twenty-four to forty-eight hours of submitting your project's purchase price, plans, permits, and budgets and expected worth when it is finished. You may be required to prepare a down payment to bring your loan amount to a successful closure, depending on the terms of your loan amount.


What are Anchor Loans?

Anchor Loans is a hard money lender that operates out of the state of California. They offer loans in 48 out of the 50 states in the United States. They have provided real estate investors with over $11.8 billion in total loan volume over its history, making them the largest fix-and-flip lender in the United States.

How much can I borrow from Anchor Loans?

Anchor Loans is the leading direct lender in the United States for real estate investments worth multiple millions of dollars. They frequently provide short-term funding for projects that cost more than $10 million. Their starting point for lending fix-and-flip projects is $50,000.

How long does it take Anchor Loans to deposit funds?

One to two weeks is the estimated time needed to complete the short-term funding process. It includes the approval of the borrower and an evaluation of the investment property. Rush deals can be accepted and paid in as little as two days for a pre-qualified customer, although most agreements take roughly five business days to fund.

Can Anchor Loans sue me?

Anchor Loans has the legal right to sue you. In a breach of contract disagreement, they can hire a lawyer to sue you for the underlying debt, fees, and expenses. Don't disregard a lawsuit; you might be able to defend yourself. If you ignore the suit, you will be in default, and the agency may seek payment.

Company documents

Privacy Policy non California residents
Privacy Policy California residents

The Anchor Difference: Not Just a Lender, a Business Partner

© Anchor Loans

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What to focus on before applying for a loan with Anchor Loans

To ensure the lender is legitimate, check if it meets the following criteria:

How do you know if a loan company is registered?

The lending company is registered with the US Securities and Exchange Commission (SEC) and has a tax identification number (EIN). Note that tribal lending companies operate under the jurisdiction of tribal laws, and they don't have to register with the SEC. But still, tribes must act under federal consumer protection laws enforced by the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC).

According to the FTC requirement, the lending company is registered in your state, excluding tribal lenders abiding by tribal and federal laws only. That is why tribal lending companies can charge interest rates exceeding your state's maximum.

Finally, the State Attorney General can verify the registration of the lending company if you need additional proof of whether it is legitimate.

If a US lending company scams you, please report to local law enforcement, your state attorney general, CFPB, or FTC.

Finanso® also recommends

Learn the total cost of a loan, including:

It will be best to read a loan agreement carefully before signing it. If any part of the agreement seems incomprehensible, do not hesitate to ask the lender about particulars.

Remember that you don’t have to make an immediate decision when considering getting a loan. However, you must be sure that you are ready to repay following your loan documents. If the lender’s terms and conditions are uncomfortable for you, you are free to search for another proposal, as there are about 780 lending companies in the US.

What’s the difference between Anchor Loans and a bank?

  1. You need to have a good credit history to qualify for a credit card with a bank. In contrast, even bad credit history debtors can borrow money from US lenders with personal or payday loans. 
  2. Interest rates and annual percentage rate for a loan with an online lending company are significantly higher than with a credit card released by a bank.
  3. Applying for an online loan with a lending company doesn’t require paperwork or even visiting their office. Instead, a borrower can apply entirely online and receive money via direct deposit on the next business day.
  4. The online lending business is high-risk for investors, and their capital is not protected from unfair borrowers.
  5. A loan with legitimate loan companies for bad credit is a simple but expensive form of borrowing to resolve financial hardship.
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All Anchor Loans’s reviews by October 2022
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