You may have heard that hard money lenders Arizona do not need a license. But is there any truth to this? It’s true that private money lenders Arizona don’t need one in the commercial sector. But do hard money lenders Arizona need a license to lend for residential properties? Hard money can fall in the gray. The answer will vary depending on the state where the property is located.

If private money lenders Arizona lend to a business who fixes up a residential property then it is many times completely valid to consider the Mortgage a commercial Mortgage. That means the commercial Mortgage rules could apply. If hard money lenders Arizona lend to an owner occupant for their primary residence they are definitely in the residential space and need to be licensed and also follow all the regulations. Most private money lenders Arizona will not lend on residential property that will be owner occupied. That should give you a clue as to what most hard money lenders Arizona think about the residential Mortgage market and the regulations.