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Hopkins Financial Services

Hopkins Financial Services

Meridian
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Hopkins Financial Services

208-467-5467
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This vendor has been evaluated and confirmed as active, reputable, and qualified to lend.

About

$1B+
Capital Deployed
1983
Year Founded
Hopkins Financial Services, Inc. is a Meridian, Idaho-based direct private money lender founded in 1983, NMLS #2631. The firm has funded over $1 billion in private money loans and is one of the longest-operating hard money lenders in the Pacific Northwest. Hopkins Financial specializes in non-conforming residential and commercial real estate loans for borrowers who cannot qualify for conventional bank financing due to credit challenges, non-traditional income, or time-sensitive situations. Loan products include fix-and-flip, construction, bridge, residential, commercial, and land and lot development loans throughout Idaho, Washington, Oregon, Utah, and select other states. Rates range from 8.75% to 15% (average 10-12%). Points range from 2.5 to 7 (average 3-5). Max LTV is up to 80%, average 60%. Loan amounts from $40,000 to $1,000,000. No minimum FICO score. No prepayment penalties. Owner-occupied residential loans available - rare in the hard money market. Fast approvals within 24-48 hours. Funding in 7-30 business days depending on loan type. Hopkins Financial is also a licensed Idaho real estate brokerage and can assist clients with buying and selling property of any type alongside the financing - a unique dual-service capability.

Key Differentiators

Why investors choose this lender:

  • Operating since 1983 - over $1 billion funded - one of Idaho's oldest and largest private lenders - Hopkins Financial has been funding Idaho real estate loans for 40+ years; the firm has funded over $1 billion in private money loans, making it one of the most experienced and highest-volume hard money lenders in the Pacific Northwest; decades of local market relationships and deal history that no newer lender can replicate
  • Owner-occupied hard money loans available - extremely rare in private lending - Hopkins Financial offers hard money loans on owner-occupied residential properties in Idaho, a product almost no other hard money lender offers; this opens the program to primary residence borrowers with credit challenges, non-traditional income, or non-conforming properties who have nowhere else to go
  • Licensed Idaho real estate brokerage - can buy and sell property alongside the financing - in addition to lending, Hopkins Financial is a licensed Idaho real estate brokerage (RE LIC# CO12414); borrowers can work with the same team for both the property transaction and the loan, a dual-service capability that removes friction and accelerates deal execution
  • Non-conforming property specialist - mobile homes, rural acreage, zoning issues accepted - Hopkins Financial will finance non-conforming properties that banks and most hard money lenders refuse: mobile homes on foundations, rural acreage, properties with zoning issues, and other non-standard real estate; critical for Idaho's substantial rural and agricultural property market
  • Land and lot development loans - raw land financing in Idaho and surrounding states - Hopkins Financial offers a dedicated land and lot development loan program, allowing investors and developers to finance raw land acquisition and site development; most hard money lenders avoid land entirely
  • 24-48 hour approvals with no minimum FICO - built for speed and flexibility - approval decisions in 24-48 hours on a fully asset-based underwriting model; no minimum credit score, no W-2s, no tax returns, and no prepayment penalties on any loan type; bad credit, discharged bankruptcies, self-employed borrowers, and non-traditional income all accepted

Where They Lend

Regional
ID, WA, OR, UT
Idaho primary market (Boise, Meridian, Nampa, Idaho Falls, Twin Falls, Pocatello, Coeur d'Alene). Also Washington, Oregon, Utah, and select other states. Residential SFR, multi-family, commercial, construction, and land/lot development. Owner-occupied and investment properties accepted.

Loan Types, Structures and Terms

$40,000 to $1,000,000
Typical Loan Amounts
6 Months to 30 Years
Typical Terms
8.75% to 15%
Typical Interest Rates
2.5% to 7%
Typical Points
Max LTV 80%, average 60%. $40K-$1M. Rates 8.75%-15%. Points 2.5-7. Fix-and-flip, bridge, construction, residential, commercial, land. Owner-occupied allowed. No min FICO. No prepay penalty.
Fix-and-Flip
New Construction
Short-Term Bridge
Hopkins Financial fix-and-flip loans fund $40,000 to $1,000,000 at up to 80% LTV across Idaho, Washington, Oregon, and Utah. Rates 8.75%-15%, 2.5-7 points, 24-48 hour approvals, 7-30 day close. No minimum FICO, no prepayment penalty.
Fix & Flip FeatureStructure & Terms
Loan Amount$40,000 to $1,000,000
Max LTVUp to 80% LTV (average 60% depending on deal complexity and risk)
Interest Rate8.75% to 15% (average 10% to 12%) | Rate depends on LTV, property type, and loan complexity
Points2.5 to 7 points (average 3 to 5 points)
Minimum FICONo minimum. Bad credit, past bankruptcies, and self-employed with non-traditional income all accepted.
Prepayment PenaltyNone. Pay off the loan at any time with no penalty.
Approval Speed24 to 48 hours for approval. Fund in 7 to 30 business days.
Geographic CoverageIdaho (primary), Washington, Oregon, Utah
Hopkins Financial construction loans fund residential and commercial builds throughout Idaho, Washington, Oregon, and Utah with flexible draw schedules. From 8.75%, up to 80% LTV, $40,000 to $1,000,000. No minimum FICO, local expertise across all Idaho markets.
Construction FeatureStructure & Terms
Project TypesResidential and commercial construction in Idaho, Washington, Oregon, and Utah. Flexible draw schedules with local Idaho-based support team.
Loan Amount$40,000 to $1,000,000
Max LTVUp to 80% LTV (average 60%)
Rate & PointsFrom 8.75% (average 10-12%) | 2.5 to 7 points
Draw ScheduleFlexible draw schedules with local Idaho-based support. Land and lot development loans also available for raw land acquisition.
Loan TermTypically structured with a balloon; term aligned to project timeline
Minimum FICONone. Approval based on property equity and project viability, not credit score.
Hopkins Financial bridge loans cover residential and commercial acquisitions, refinances, and transitional holds in Idaho, Washington, Oregon, and Utah. Up to 80% LTV, from 8.75%, no minimum FICO, no prepayment penalty. Owner-occupied allowed. Flexible terms from 6 months to 10+ years.
Bridge Loan FeatureStructure & Terms
Use CasesResidential and commercial acquisitions, refinances, cash-out, transitional holds, land and lot development, bridge-to-conventional, and owner-occupied hard money loans in ID, WA, OR, UT
Loan Amount$40,000 to $1,000,000
Max LTVUp to 80% LTV (average 60%) | Commercial average 60%, up to 80%
Rate & PointsFrom 8.75% (average 10-12%) | 2.5 to 7 points (average 3-5)
Loan Term6 months to 30 years. Commercial: typically 5-10 year balloon. Residential: 10, 15, 20, or 25 year fully amortized options.
Owner-OccupiedOwner-occupied residential loans available - unusual in hard money. Idaho residential loans only for owner-occupied.
Land & Lot DevelopmentDedicated land and lot development loan program for raw land acquisition and development in Idaho and surrounding states.
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Borrower Qualifications (Are you qualified?)

Hopkins Financial has no minimum FICO score. Asset-based lending focused on property equity. Bad credit, prior bankruptcies, self-employed with non-traditional income all accepted. Owner-occupied residential hard money available in Idaho. No prepayment penalties on any program.
Qualification ParameterLender Requirements
Minimum Credit ScoreNone. Hopkins Financial focuses on property equity and the ability to repay, not past credit history. Bad credit, discharged bankruptcies, and recent short sales all considered.
Income VerificationSelf-employed and non-traditional income accepted. Asset-based underwriting - qualification based on property value and equity, not W-2s or tax returns.
Owner-Occupied AllowedYes - Idaho residential properties only. Hopkins Financial offers hard money loans on owner-occupied homes, a rare capability in the private lending market.
Prepayment PenaltyNone on any loan program. Pay off early at any time with no penalty.
Property TypesSFR, condos, townhomes, 1-4 unit multi-family, apartment buildings, commercial, land and lots. Non-conforming properties (mobile home on foundation, rural acreage, zoning issues) also considered.

Underwriting Process (How long will it take to get approved?)

Hopkins Financial approves loans in 24-48 hours and funds in 7-30 business days. Asset-based underwriting by Idaho-based team with 40+ years of local market expertise. No red tape - qualification based on property equity. Same team has been funding Idaho loans since 1983.
Stage / RequirementProcess & Timelines
Approval Speed24 to 48 hour approvals. Quick closings to help you act like a cash buyer and win time-sensitive deals.
Close Speed7 to 30 business days depending on loan type and property. Hard money loans typically faster than construction or commercial.
Underwriting BasisAsset-based only. Property equity and exit strategy are the primary factors. Credit score, income, and tax returns are not the focus.
Idaho Local ExpertiseTeam is based in Idaho and has funded Idaho real estate for 40+ years. Deep knowledge of Boise, Meridian, Nampa, Idaho Falls, Twin Falls, Pocatello, and Coeur d'Alene markets.
Real Estate BrokerageHopkins Financial is also a licensed Idaho real estate brokerage (RE LIC# CO12414). The same team can assist with buying or selling property alongside the financing.

Draw Process (How long will it take to get draws?)

Hopkins Financial uses flexible draw schedules on construction and fix-and-flip loans. The Idaho-based team manages draw releases with local market familiarity. Funding typically 7-30 business days from approval. Land and lot development loans also available with draw-based disbursement for site development.
Operational StepMethodology & Timelines
Draw ScheduleFlexible draw schedules on construction and rehabilitation loans. Local Idaho-based team handles draw releases with knowledge of regional construction timelines and contractor markets.
Funding TurnaroundOverall project funding in 7 to 30 business days depending on loan type and property complexity.
Land DevelopmentDedicated land and lot development loan program with draw-based disbursement for site preparation, infrastructure, and entitlement work in Idaho and neighboring states.
Investor PortalBorrowers and investors access the Hopkins Financial client portal at clients.hopkinsfinancial.com for loan management and payment tracking.
FlipperForce IntegrationUse FlipperForce's Project Scheduler to map rehab milestones and contractor timelines against Hopkins Financial's flexible draw schedule for Idaho, Washington, Oregon, and Utah projects.