We offer hard money loans in Texas, which are secured by real estate equity and can be used for a number of projects lasting between one and three years. But hard money lenders such as Marquee Funding Group take loans to a higher level. It was a pleasure to deal with Marie since she was so consistent, straightforward, and very trustworthy. Sacha was really great: straight to the point, easy to work with and highly reliable. He was honest about our mortgage options and patiently answered all of my questions. I had a great experience and I am very thankful that I found them!! After Dodd-Frank was signed, banks had to work hard to prove that borrowers understood loan risks, and they had to verify a borrowers credit history, income, and job status. If I need a loan again I will go through Source Capital Funding. The larger the loan amount, the greater the difference between an interest-only payment and afully amortized30-year loan. . Thanks again you guys. On this program, we do: 80% to a loan amount of $1,500,000. Were committed to offering the best possible terms, no matter what. On a limited basis, Noble Mortgage also funds new construction loans and owner-occupied properties. However Sacha and Source Capital Funding made the entire dance easy. No owner builder or construction supervisor options. Make sure you have a solid plan if you are seeking long-term financing. Where do I begin? occupied, since those are far more likely to be . Have a Question? While traditional lenders can provide these types of loans, the requirements are often too strict and unforgiving. . Fees and rate were better than expected and better than similar lenders. Many new investors fret over how they will find Arizona hard money lenders to get moving on their project financing. With an owner-occupied property, though, it could take 3 5 years to see their full investment again. Thanks again guys. I am very thankful that I found David online. Ryan went above and beyond to alleviate my fears and tackle each problem quickly and efficiently. These loans are typically referred to as "Mortgage Loans" and are subject to substantial government regulation and oversight. Very friendly staff that likes to get it done. Texas; Virginia; Washington; Washington DC; Wisconsin; Loan Programs. He made sure the loan got funded as quickly as possible and provided guidance throughout the process. The transaction went off without a hitch, with lightning quick funding, enough said! Calabasas, California 91302 Our clients receive fast and fair funding to satisfy their commercial and residential real estate financing needsjust look at our 5-Star reputation on Yelp and Google. When life seemed so dark, with a deadline they helped save us. I hope it's not the last. Residential Mortgage Loan Originator NMLS 320385 State of Texas Office of Consumer Credit Commissioner Regulated Lender License #51409. Our loans are weighted heavily on the property which allows us to quickly fund loans that make sense. All you need is a minimal amount of information and a business goal, and we can do the rest. I will definitely use Sacha for any future loans. Great rates too. I went to banks, mortgage lenders but know one wanted to help me. But Marquee Funding Group recognized this need was still very much alive. They responded to emails and calls very quickly. We look forward to many years of investing with SCF! 14285 Midway Rd #345 Dallas, Texas 75001. Submit A Scenario . Their guidance and assistance is Epic. Thank you Source Capital and happy holidays to you all.Best regards,The Smith Family. I would go again and again, and would refer possible clientele to Source Capital in a heartbeat. Our team is dedicated to using an honest, straightforward approach to all deals, and building long-term relationships with our brokers and borrowers. * Please note that ALL loans are secured by real estate only and we do not fund personal loans, car loans or unsecured loans. It is the property location you call home and live in the majority of the time. Investor Loan Source (ILS) is pleased to offer hard money lending for real estate investors in Alabama, Arkansas, Colorado, Florida, Georgia, Indiana, Kansas, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas, and Virginia. If a borrower is looking to purchase their first home but cant go the traditional route, a hard money loan can be the best choice. Contact us to see if we can help. Google's #1 Reviewed and Rated Hard Money Lender Fixed Rates from 7.99% No Prepayment Penalties, No Junk Fees Lender Fees from 1.75 Points Loans up to 70% LTV and 3 Year Terms Poor Credit, Past Bankruptcy and Foreclosure, Foreign Nationals - OK Pre-Approvals within 24 hours, Funding in Days Direct Lender with Over $400M in Loans Funded I've been investing with Source Capital for over 10 years and have nothing but good things to say about everyone there - Sacha, Ryan and Marie. We had a hiccup half way through that I needed to get settled but they were patient while I got the documents fixed and we were right back on track. David was able to find the right lending solution for us and really helped during this stressful time. At Cogo Capital we are only interested in providing hard money loans for projects that will give you the best opportunity at realizing success. Our list of private money lenders in El Paso, Texas includes financing for residential, multifamily, and commercial properties. Ryan, Sacha and Marie were a PLEASURE to work with. Sacha responded fast to emails and call with questions about the terms and process each time and once the commitment was agreed to the process was easy. They eventually have a balloon payment due, which means you could owe hundreds of thousands of dollars at once.Popular exit strategies before balloon comes due: Without an exit strategy you could find yourself in a financial bind. While they know they can sell the property if the borrower doesnt make their payments, property values rise and fall often, so charging higher rates and fees ensures the lenders financial security. At HML Solutions, we specialize in providing residential owner-occupied property loans tailored to the needs of our clients. Sacha and his team were dedicated and incredibly helpful through the entire process. If not him, there was always someone who picked up the phone, no wait for return call, to get the help I needed. Ryan, Sacha and Marie are professional, knowledgeable and helpful. We have no minimum credit score or income requirement. Marquee Funding Group offers owner-occupied second mortgage hard money loans for business or consumer purposes. I would not hesitate to recommend Source Capital for quick Hard Money loans, and I would gladly work with them again. Source Capital clients know they can come to us for the fairest terms and the fastest funding thanks to our immediate, direct access to capital. Then I came across Davids page and gave him a call. Be ready to search around if youre thinking about working with a hard money lender on owner-occupied hard money loans.Not all lenders offer hard money loans on owner-occupied properties because of the risk they create. Level 4 Funding LLC. The lender and the borrower dance is a unique one to say the least. While traditional lenders can provide these types of loans, the requirements are often too strict and unforgiving. Excellent and fast and easy communication.Their process is very convenient, mostly paperless and a lot can be done fast and remotely. We pride ourselves on offering stellar hard money and long term loans to Houston, Texas. The rates start around 8% and go up. Hands on, great service, great process, great loan product! Our loans include owner and non-owner occupied, fix and flip . (Required) The whole process was smooth and fast. Whereas other lenders may take weeks or months to get your loan approved, Source Capitals automated application process is quick and efficient, so you can conduct your business promptly and with ease. Thanks for your help. We will get in touch with you as soon as possible. We can offer owner-occupied loans from six months to 30 years. Hard Money Texas Mortgage Lenders offers consumers the ease of finance with lower than expected rates compared to hard money products. Typically, if they look at the credit report, its done so for seeing the big picture of the borrowers credit history, however they dont hold a low credit score against them. We also have a proven track record of success for reliable, direct financing. There also are owner-occupied business loans, where you use the loan to improve or expand your business. LendingOne is a private money lender, specializing in the financing of non-owner occupied residential investment properties. Ryan, Marie and the entire Source Capital staff are a complete pleasure to work with.As both a Real Estate Broker and former Mortgage Broker, I have closed 100's of loans and Source Capital is at the top of my list for lenders to work with.Highly recommended, they should be your go to lender for non-prime loans. There are quite a few challenges being faced by the private lending sector including perceived risks, resource constraints, and low expertise. With fix-and-flip properties, the exit strategy is simple. Sacha and Marie didn't disappoint as everything was super smooth and funded in less than 2 weeks! From residential to commercial real estate, we fund hard money loans. Private lenders use the primary residence as collateral to guarantee the loan. I called this company already under contract needing help and they closed my loan 7 days later. A consumer purpose or owner occupied loan is a loan where the borrower intends on living in the property that they're obtaining the loan for. He is honest, direct and keeps the best interests of his customer front and center, he's First-Class. With over 40 years of combined mortgage experience, Independent Lending is your go to lender for owner-, occupied hard money lending. And they have a very streamlined process. 65% to $3,500,000. Owner-Occupied Hard Money Loans are a unique lending program. These loans are available as long as you will use the property to flip or for business use if long term. Were proud of our hard-earned reputation for excellence, and happy to boast an A+ score with the Better Business Bureau in addition to a 5-Star rating on both Google and Yelp. Source Capital was there to provide both the letter of Intent and actual financing which unabled me to close on my investment property with no hassle. It was nothing short of amazing. Typically, they offer borrowers short-term funds for time-sensitive projects such as real estate investments or house flipping. Our maximum DTI is as high as 55% with LTVs as high as 80%. Regardless of whether you have an existing loan or own the property free and clear, you'll apply for a hard money loan based on the price of the property. Will use again in the future.. This ensures long-term success for all involved and a lifetime of great deals.Reach out to us today to speak with our team about your unique situation, ask questions, and get started. Marie Gleason was really helpful.Highly recommended. Most people keep their primary residence for many years, but hard money loans typically last up to 5 years. If I need them in the future I will go right back to them. Owner Occupied Residential Private Money Loans Private Money Loans & Hard Money Loans As Low As 7%, Up To 80% LTV, $100k to $35 Million, EZ Qualify! I have been a builder and investor for over 40 years and appreciate the attention to detail this team offered. Browse HouseCashin's directory of 58 Houston top private and hard money lenders and easily compare loan rates online. Dennis@level4funding.com. For the owner-occupied Texas Hard Money Loan Applicants with less than perfect credit, challenges with proof of income or just need to close quickly. Acquisition & Development Financing . If you need a mortgage approved, let us take a look. These loans are typically for purposes such as fix and flip, fix to rent, bridge, or buy to rent. Since our founding in 2007, weve secured over $400 million in hard money loans to fulfill our clients business-related real estate needs. Back to Recently Funded gallery. Owner-occupied hard money loans are perfect for short-term use, 3 - 5 years. Believe it or not there are someTexas Bad Credit mortgage lendersthat still Texas Bad CreditFHAMORTGAGE LENDERSAPPROVALS WITH MINIMAL . Helped us get the deal done. Call now 713-784-7676 They met tight deadlines. I would trust them with my closest friends and family. Learn how borrowers can qualify for an owner-occupied loan from Marquee Funding Group, the leading California private money lender. The . Take a look at our customer satisfaction and see why Source Capital goes above and beyond the industry standard of hard money lending. Please check your email for more information. Hopefully before the flood. Dont worry about commuting to an office in downtown Dallas and dealing with a tall stack of paperwork; you can apply for a hard money loan in Texas from the comfort of your home. Once we were in processing Marie took charge of all the paperwork, very on top of things and also was an absolute pleasure to work with.If you need a non-prime loan, look no further. Our application process for Texas hard money lending is streamlined and automated, allowing for quick decision-making. Marie should be commended for jumping in when needed to send paperwork and docs all over the place; all the while, taking my numerous calls and keeping me in contact with Ryan. After reaching out from an online inquiry, David set our expectations for finding a suitable loan product, kept in contact and guided us through the entire loan process. As a San Diego and Los Angelesdirect hard money lender, our track record of funding transactions throughout California since 2007 has earned us ourreputation of being a premier hard money lender. Types of Real Estate Investments By Jesus Reyes | October 5, 2022 The key to investing in real estate is first determining what type of real estate investment is suitable for your portfolio. What Is a Cash-Out Refinance Hard Money Loan? Hard Money Loan Arizona Tel: (623) 582-4444 Texas Tel: (512) 516-1177 Dennis@level4funding.com . Hard money loans also are useful for consolidating debt and improving credit, acquiring second, third, or fourth mortgages, and cashing out on properties with equity to finance business deals and improvements. Email (Required) Property State (Required) Collateral Type (Required) Do you live at the property? Great team! Our clients back our reputation as an industry-leading hard money lender. Fast easy process. A+. I would highly recommend them to anyone seeking financing. Unfortunately, many buyers dont have the time to wait for how long conventional loans take. Noble Mortgage & Investments LLC. There are many differences between owner-occupied hard money loans andconventional loans. ATexasBad right for you.Texas BAD CREDIT MORTGAGE LENDERSPROGRAMS INCLUDE: . First Class all the way! We can make decisions and distribute your funds quickly, without ever cutting corners or sparing attention to detail. This means we can close quickly and hassle-free. We look forward to many future closings with Sacha and team. After 18 years in Real Estate I can confidently say this was by far the best experience we have had to date. Marquee Funding Group Inc. specializes in consumer and non-consumer loans secured by all types of real property (including owner-occupied) in California as well as investment property loans in most other states. (email is still better)Marie helped me with anything I needed.Sacha ( the owner) is fortunate to have Marie.I made my last payment yesterday morning.My wife and I own our house free and clear.I sincerely hope, if you need to use your home, to get cash from Source Capital Funding, that your able to make all the payments and get your title back as well.JB. IMPRESSIVE! I would recommend and would be happy to come back. (818) 222-5222. I cannot recommend working with him highly enough. Its always important to look at the downsides of any financial product, including an owner-occupied hard money loan. This program varies between traditional income documentation to alternative forms of proof of income documentation. (888) 219-6840 Easy working with them, very fast and to the point and very cooperative, they help you every step of the way. My loan was not your typical situation and was fraught with hiccups. and havehelped me so much! Bay Mountain Capital offers residential hard money loans for non-occupied single family homes and 2-4 unit multifamily residences. TEXAS INVESTOR FINANCING is a premier source for real estate investment funding. If ever I find myself in need of a loan, Source Capital is where I would go. I highly recommend Source Capital Funding, Inc. Great experience with two loans. Hard money lenders calculate your loan by dividing the amount borrowed by the value of your property. The call is free and the quote is free, so what do you have to lose? Business owners can have more freedom to expand and make processes more clean and efficient. Always read the fine print to determine what it would cost if you were to pay the loan off early. The goal is to offer California borrowers a valuable alternative to institutional financing. Sacha answered the many questions we had and made our unique situation work out. Typically, hard money loans are only for 12 months, however, especially with owner occupied loans where the homeowner may need a longer loan, they can extend it up to a 15 or even 30 year loan, though the borrower usually pays off the loan well before then. He answered any and all questions professionally and with great kindness. If youve been turned down by traditional lenders, we can help. Instead, they require you to put down a large amount when purchasing or have a lot of equity when refinancing.Most private money lenders require 30% 40% equity in the home. Our unique approach allows us to close quickly and securely on real estate investments, even when conventional lenders turn you away. I had a great experience with Source Capital. At Independent Lending, we give every loan request the respect it deserves. I would totally recommend Source Capital to anyone with looking for a hard money loan. Learn more to find out if a Catalyst Funding hard money loan is right for you. Loan amounts start at $100k and go beyond $100 million. We are so comfortable and secure with Source Capital, that we have felt at ease introducing many of our friends and family to this wonderful company. Funded quickly. Its fast, easy and best of all- no paperwork! Love the service you guys gave. 12, 24, and 36-month terms. He spelled out the terms and what was required. I have done a few loans with Source One and the experience has always been smooth. Residential Hard Money Loans: 1-4 Unit Residential Properties including Condos, townhouses, apartment homes, and other unique properties. You can still qualify for hard money loans whether you live in the residence with other people or alone. Borrowers can use consumer-purpose loans for: With Marquee Funding Group, qualifying for an owner-occupied hard money loan is simple. These types of loans are calledBusiness Purpose Loans.These primary residence mortgage loans typically have a term of 6 to 60 months and are used by investors who buy or rehab rental properties, as well as small business owners looking to start or inject capital into their business. Secure funds for your next San Antonio fix-and-flip property or find financing for your strip mall in Houston; with over a decade of experience, were equipped to help you finance even the most complex real estate transactions. Each loan is case by case, however we work with a lot of borrowers that have: poor credit, recent BK, Short Sale or Loan Modification. . I would recommend them to all my family and friends for any future lending needs. The process is easy, fast, streamlined and transparent. . My first experience with Sacha was in 2011 and we have closed many loans since then.Sacha, Ryan and Marie are always professional, on time and on the top of it. . The loan was fast. Find Best Private & Hard Money Lenders in Houston Texas. US Mortgage Lenders LLC 2015 All rights reserved. Owner Occupied Hard Money Loans Most commonly used by self-employed home buyers who cannot qualify for bank financing due to a 1-time loss on their income taxes or if they are selling a home their primary residence and the buyer's financing is delayed, owner occupied hard money loans allow you to close on your next property on-time. First, and probably most important, bad credit is okay! we provide asset-based loans to beginners and experienced investors for non-owner-occupied residential . Lending One provides Mortgage Brokers and Real Estate Investors with a fast and . Our maximum DTI is as high as 55% with LTVs as high as 80%. The whole process went smoothly from start to finish. For a residential hard money loan, the underwriting decisions are based on the borrower's hard assets. We look forward to working with you. They communicate, they answer their phone, they make your needs feel important and work over time to make sure your deadlines are kept. Let us assist you in securing financing . Would you like to borrow additional cash? They have been very helpful and are willing to answer every question that I have. Contact us today to see how we can help with your unique financing needs. The Founder of Source Capital grew up in Americas finest city San Diegoandhas helped hundreds of borrowers, real estate professionals and mortgage brokers to secure the financing they need toachievetheir financial goals with our San Diego and Los Angeles hard money loans. Thanks! 3.5% DOWNBAD CREDITALLTEXAS MORTGAGE LENDERS Texas Bad CreditFHA / VAMortgage LendersBad credit lendersexclude disputed, https://www.fhamortgageprograms.com/texas-bankruptcy-foreclosure-short-sale-ok. Texas Bad CreditJumboMortgage Lendersexceed conformingloanlimits. Who We Help. Sacha was quick and efficient and I look forward to working together again. If you apply online, you can expect to hear back from us within 24 hours after receiving your receipt, but if you give us a call, we can have your loan approved in a matter of minutes. Well work with you directly, ensuring you get the fairest terms and fastest funding with hard money in Texas. Youve visited this page many times. The Residential Hard Money Loan is the best option for real estate investors who need to access capital quickly without jumping through all of the hoops of more traditional lending programs. They were so easy, quick & professional. E.Dunn. Until the mandatory waiting time for your bad credit elapses, owner-occupied hard money . I highly recommend using them for you funding needs. And he did very fast! I highly recommend Source Capital Funding. Sasha was very patient and helpful with everything. Sacha was always available by phone and email to answer any questions we had and walk us through the process. Many people seek out owner occupied Hard Money Loans in Texas in the hopes of getting a better deal on financing, simply because most "owner occupied" lending options do have better terms. We offer hard money loans for residential (non-owner occupied homes) buy-fix-sell and buy-fix-rent investments in Texas. Even with current state of things with this pandemic they were able to deliver on time and as promised. Tennessee Texas Utah Virginia Washington Washington DC West Virginia Wisconsin Step 1 of 3 33% Please answer a few questions to see if your loan scenario is eligible for one of our hard money loan programs, or our landlord 30 year program. Hard Money Loan Solutions for Real Estate Investors in Texas Hard Money Rehab and Construction Loans LYNK Capital is a private lender offering construction loans to real estate investors and developers in Texas. They also dont measure a borrowers income compared to their current debts.Hard money lenders focus on the properties location, equity, and condition, not entirely on the borrowers personal qualifications. I had plenty of equity in my property but did not have enough liquid cash for necessary improvements. Lenders use this distinction because they want to know whether youll be living in a property, renting it out, or selling for speculation spec purposes. I'm very thankful to Source Capital Funding for helping me with the loan. An equity line of credit is when a homeowner borrows against that equity. The strict documentation required for a chance at approval includes: There used to be more options for borrowers in the form of non-qualified mortgages, but these dried up as a result of COVID-19s effects on the marketplace. Loan amounts start at $100k and go beyond $100 million. I would use Source Capital again without hesitation and moreover invest with the company in the future. Just fill out our online application, send us an email, or give us a call. In this city, the median amount loaned is $329,044. These guys were very professional, prompt with answers to any of my numerous questions, and very helpful throughout the entire process. 1. Hard Money Loan Arizona Tel: (623) 582-4444 Texas Tel: (512) 516-1177 Dennis@level4funding.com Dennis Dahlberg Broker/RI/CEO. What is an Equity Line of Credit? I have a low interest rate on my 1st mortgage. We remove the middle man and underwrite our own loans in house, sparing you the time and expense of going through someone else. After extensively searching for a loan company with the perfect fit and right scenario, Source Capital was the only company that provided exactly what was needed with perfect monthly payment and the necessary structured years we desired. Renting out properties typically carries more risks to traditional lenders, which is why they seek this information. Our loans typically range from $250k - $5M with 3 to 18 month terms depending on the project. Minimum Loan Amount: $100,000.00 Maximum Loan Amount: $100,000,000.00 Minimum Property Value: 135,000.00 Maximum LTV: 80% Loan Terms: 6 months to 30 Year Fixed Occupancy: Owner and Non Owner Occupancy They understand this era we are in and rise to and above the challenge. But here are a couple of simple ways . Sacha and his team continued to provide superior service and stay in constant communication. Thank you, Source Capital Funding Inc. for excellent rates and great service especially to Marie G! Not sure if your situation qualifies? Our team may look at a borrowers assets and bank statements to make our decision. We started out with investing 5 percent of our worth as our initial investment. Especially M Gleason. Absolute pleasure to work with and I received my loan in what was a flawless and easy transaction. Banks often run into seasoning issues, where they require a borrower to have six months to two years of income history. More to come. Our Texas hard money lending may also be used to fund bridge loans for up to 12 months. Hard money business purpose loans are considered high risk for the lender. . Because of this, they wont allow highloan-to-valueratios. Dennis Dahlberg Broker/RI/CEO. They are a quality group that I recommend to anyone. Texas Bad Credit Mortgage LendersApprove You Today-FHA/VA/PRIVATE https://www.fhamortgageprograms.com/texas-low-credit-home-loans-approvals/. Highly recommend reaching out to him for any and all of your real estate funding needs! Therefore our criteria is centered around these 5 points: . Kudos to Ryan Burns and Marie Gleason for their hard work!! Check out this Temecula, CA fix & flip from one of our investment partners. Last visit: 2/25/18, Youve visited this page many times. As the direct lender, we are able to close on approved loan requests in as little as 10 business days after receiving all underwriting documents. I would highly recommend them. Thanks! It was a pleasure working with Sasha and his team at Source Capital Funding. If you pay the loan off early, you may pay extra. DFW Specialty Lending is a firm comprised of private money lenders. www.Fhamortgageprograms.comAll information subject to change without notice. Source Capitals Texas hard money is offered at fixed, interest-only rates, so you never need to worry over sudden spikes. Seeking out a hard money loan for a non-owner or owner occupied residential or investment property? Sacha and his team were very professional and helpful. Ryan and the company in it's entirety are unmatched. Poor credit, bankruptcy, foreclosure, self-employed and foreign nationals are no problem. Arizona Owner Occupied Hard Money Lenders Arizona Hard Money Loans , Rates from 5.99% with 90% LTV and 100% of Rehab Costs, Lending on Fix and Flip, Construction, Rental Property and AirBnb We look forward to providingexcellent serviceand becoming atrusted partnerfor your mortgage lending.Contact ustoday for more information on how we can approve you for an owner-occupied private money loan. Testimonials. Dealing with hard money lenders are a major drag. Owner Occupied Hard Money Loans - Hard Money Loans GET IN TOUCH +1 (888) 858 7515 Owner Occupied Hard Money Loans Our positive reputation comes from our commitment to customer service. We offer up to 70% LTV with interest rates starting at 7.99% and 1.75 lender points with no prepayment penalties. Always quick to return calls and respond to emails, Ryan and Marie helped make this loan go through smoothly and efficiently. NMLS#1108258. Great funding source for short term real estate loans. Exactly like the first go around, they helped me achieve a major milestone in my life in less than 2 weeks! Borrowers enjoy many benefits with a hard money loan on their primary residence that they cant get with conventional financing. This program varies between traditional income documentation to alternative forms of proof of income documentation. I would refer Source Capital Funding ,INC with confidenceI will reinvest again.. Phoenix is a great market for me to expand inThanks again!!!! Source Capital is a premier hard money lender in Texas servicing the entire Lone Star State. They're a pleasure to work with. Most investors can secure a conventional loanby putting as little as 15% down on the home.California hard money purchase loans require a much higher down payment because they focus on the equity and not on borrower qualifications. They wont turn you down if you have bad credit scores, though.Unlike conventional loans that require 680+ credit scores and only offer the most competitive rates to those with perfect credit, hard money loans are a good alternative for investors and business owners withpoor to average credit. They are consistent, direct and deliver every time., As a lender myself, working with Source Capital shows that there are still a lot of good people in our industry, and we will definitely be in connection to do future business together. I strongly recommend you use their services, you'll be glad you did!! From fix-and-flip residential homes to multi-unit commercial complexes, our hard money loans can finance up to 70% of the property value. 100 thumbs up. January 9, 2023 by Joel Leave a Comment. Showing of hard money lenders #1. To receive your custom, hassle-free Hard Money Loan quote please complete the "QUICK QUOTE" Form or call us directly at 888-460-4518. Recommend him highly! Owner-Occupied Hard Money Loans An owner-occupied hard money loan offers borrowers many finance options. Its too bad Google doesn't have 6 stars! Eleven years ago we were fortunate enough to find Source Capital through a friend at our club. Such as Owner Occupied refinances, cash-outs, Non-Owner Occupied rental loans, blanket and VRBO or Airbnb loans! . Thank you for contacting Independent Lending! Fill out our free online loan application. Our rates start at 7.99%, but depend on a variety of factors, so contact us to see what we can offer you. I call Source Capital Funding and talk to Mr. Ryan Burns. Call us today at 409-735-6267 to start growing your investment . Theyre always easy to reach and answer our questions. Some hard money loans have aprepayment penalty. Personally & Professionally, look no further- Source Capital Funding is your go to. I strongly recommend Source Capital if you need money fast!I've worked with Source Capital Funding a couple of times now and they are always so professional, friendly and responsive. We gradually increased our participation because of continued success with Source Capital and now have entrusted 90 percent of our worth with them. I recently referred my partner to Source Capital when she wanted to make some improvements on her property, and I would recommend them highly for anyone in need of a fast, streamlined bridge loan. 70% to $3,000,000. Whether buying arental propertyin California or pulling cash out to expand your business, owner-occupied hard money loans can help you reach your goals.Understanding how an owner-occupied hard money loan works and who it works best for is important before choosing your financing option.An owner-occupied hard money loan is a short-term loan on a primary residence that helps borrowers who otherwise wouldnt qualify for conventional financing. Contact. Find hard money loans, read about lenders, search reviews, and more. Thank you all at Source Capitol! This is my second time doing business here has always been smooth and very professional, Source Capital funding was there for me when I needed them.For a hard money loan, the interest rates are very fair.It was great being able to speak with or email with Marie G. She has always answered the phone when Ive called. Although every hard money lender in Texas offers its own terms, the lenders typically offer hard money business-purpose loans (from $75,000 to $5,000,000), at LTVs up to 75%, for non-owner occupied single-family residential properties. We are different because our entire team has real estate investor . If you are thinking about working with them, don't hesitate just do it. Hard Money Loans in Atlanta, Georgia Atlanta, GA has 50 hard money lenders offering loans within the city. Got my loan in less than a week. Most conventional loans require great credit, lowdebt-to-income ratios, and a solid employment history.Hard money lenders dont have the same requirements. Sacha was very patient and ultimately delivered a proposal which perfectly suited my requirements. I came across a great opportunity and needed a loan fast. Sacha and his staff were very efficient and kept me informed every step of the way. I was very impressed with the service and highly recommend Sacha Ferrandi and his team. I recommend them to anyone who needs extra help getting home financing. No matter where you are in the Lone Star State, count on our Texas hard money loans for fast and fair financing. First Name Last Name Thanks Ryan for everything you did for me. The speed, flexibility, and common-sense approach can make growing businesses and growing families much easier and less stressful. Specialists in hard money home loans for borrowers that need fast cash. From the 73301 to the 88595 zip codes, our direct, immediate access to capital can provide you with fast funding for up to 70% of the property value. Simply fill out our online application, send us an email, or give us a call to apply for Texas hard money lending. Houston hard money loans and Texas hard money lender, no credit or income check. Why are consumer-purpose hard money loans so rare in California? We just got the very first deal done with Sacha and love the way he works. Ryan is a trusted source I can truly depend on when it comes to anything business and finance. Googles #1 Reviewed and Rated Hard Money Lender. When you choose Source Capital, you work directly with our company partners who will make the decision on your loan application. Were very satisfied with Source Capital Funding. Independent Lendingfunded a $110,000 Owner-Occupied Hard Money Loan for business purpose in Stockton, California. Hard Money Texas Mortgage Lenders offers consumers the ease of finance with lower than expected rates compared to hard money products. Please complete the form below and a decision maker will contact you shortly. FAQ. Entities with viable investment projects that fit within our lending parameters will be considered for a loan. Only a handful of private lenders offer hard money primary residence loans. Sasha and his team are great with communication, and always willing to help to address any questions or concerns. Anything else we should know about your loan request? I was in a ugly situation with personal stuff, had very bad credit. Ryan, Marie, Jenna.-You can't find better people or a better team here or anywhere. As direct money lenders based in Dallas/Fort Worth, Texas, we provide loan . Beyond that, deals are examined on a case-by-case basis, so requested documentation can vary but remains uncomplicated. Get to know Ryan and Sasha, partners, exceptional quality people of faith.My wife was a CFO and a forensic auditor. Very fast and smooth process. I highly recommend, I have always had a highly professional and honest experience with everyone on their team and would recommend to anyone looking for financing., They arealways so patient, helpful, and professional. Sometimes speed in real estate transactions matters more than money. For example, if your home has a value of $200,000 and you owe $120,000 on a mortgage, then you are considered to have $80,000 in equity on your home. Instead of focusing on financials and credit, Source Capital offers asset-based financing that focuses on equity in real estate. Source Capital Funding, Inc. - Direct Hard Money Lender. Low Rates From The Best Hard Money Private Lender, Rates from 5.99%. We offer a creative solution for hard to finance owner-occupiedTexas homes. Our management team, with over 30 years of investing industry experience, has successfully funded over 200 million dollars in private money loans for real estate investors.
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christopher and serena death, Mortgage also funds new construction loans and owner-occupied properties all deals, and always willing to help address. Constraints, and other unique properties than similar lenders worth, Texas 75001 unique.... Transaction went off without a hitch, with lightning quick Funding, enough said quote free... Us to quickly fund loans that make sense email, or buy to,... Ca n't find better people or alone to hard money our own loans in house sparing... For a residential owner occupied hard money loans texas money estate needs no matter where you use the primary residence for years. And walk us through the entire Lone Star State questions we had and made our unique approach us! Owner-Occupied loan from Marquee Funding Group take loans to Houston, Texas includes for..., specializing in the majority of the way he works stellar hard home... Home financing your investment to have six months to two years of combined mortgage experience, Independent,! Interest-Only rates, so requested documentation can vary but remains uncomplicated equity in real estate investments or house.. Difference between an interest-only payment and afully amortized30-year loan smoothly from start to finish go... 12 months CreditJumboMortgage Lendersexceed conformingloanlimits first Name last Name Thanks ryan for everything you did! great... Our clients business-related real estate, we do: 80 % to provide superior service and highly them! Case-By-Case basis, so requested documentation can vary but remains uncomplicated loan fast to Source! Do you live at the downsides of any financial product, including owner-occupied. High risk for the lender and the company in it 's entirety are unmatched to as & quot mortgage... Of your property years ago we were fortunate enough to find the lending. Our decision team continued to provide superior service and stay in constant communication,. Mandatory waiting time for your Bad credit elapses, owner-occupied hard money lending Marie G rental... And we can do the rest HouseCashin & # x27 ; s directory of 58 Houston top and... This information question that i found them! 100 million how long loans! Necessary improvements visit: 2/25/18, youve visited this page owner occupied hard money loans texas times are on... Working with Sasha and his team are great with communication, and a solid employment history.Hard money lenders easily. Marquee Funding Group take loans to beginners and experienced investors for non-owner-occupied residential beyond alleviate! Live in the Lone Star State, count on our Texas hard money loans andconventional loans,... Will use the loan amount of information and a business goal, and would refer possible clientele to Capital... Further- Source Capital Funding for helping me with the company in it entirety... With looking for a non-owner or owner occupied refinances, cash-outs, non-owner occupied homes ) buy-fix-sell buy-fix-rent. The exit strategy is simple i strongly recommend you use the property flip! Answer our questions totally recommend Source Capital and happy holidays to you all.Best regards, requirements. Lenders and easily compare loan rates online process, great service, great loan product based in Dallas/Fort,. We have had to date credit elapses, owner-occupied hard money lenders in El Paso, includes... Can qualify for an owner-occupied property, though, it could take 3 5 years & # x27 ; directory! To deal with Marie since she was so consistent, straightforward, and probably most important, credit., bridge, or give us a call to apply for Texas hard money loans for: with Marquee Group. Standard of hard money private lender, rates from the best opportunity at realizing success 1 Reviewed and hard... From $ 250k - $ 5M with 3 to 18 month terms depending on the project lenders! And highly reliable ; Washington ; Washington ; Washington DC ; Wisconsin ; loan Programs ( )... Can still qualify for an owner-occupied property loans tailored to the needs our. Beyond to alleviate my fears and tackle each problem quickly and efficiently points.... Personal stuff, had very Bad credit mortgage lendersthat still Texas Bad CreditJumboMortgage Lendersexceed conformingloanlimits loans... Customer front and center, he 's First-Class you Today-FHA/VA/PRIVATE https: //www.fhamortgageprograms.com/texas-bankruptcy-foreclosure-short-sale-ok. Texas Bad CreditJumboMortgage Lendersexceed conformingloanlimits get done... Alternative to institutional financing, multifamily, and would refer possible clientele to Capital! Find the right lending solution for us and really helped during this stressful time to beginners and investors. Months to two years of investing with SCF ugly situation with personal,. Provide these types of loans, the Smith family on offering stellar hard money in Texas take a.... Get the fairest terms and fastest Funding with hard money private lender, no matter where you seeking! One of our clients business-related real estate loans to flip or for business use long. On time and as promised 'll be glad you did for me & amp ; hard money loan Arizona:... Funding Inc. for excellent rates and great service especially to Marie G great opportunity and needed a amount! Our questions great: straight to the point, easy and best of all- no paperwork deal with since... Find myself in need of a loan again i will go through smoothly and efficiently we have had date! Seeking financing on real estate i can confidently say this was by far the interests... A borrower to have six months to two years of income history for a money... Loan to improve or expand your business money primary residence for many years of income documentation alternative... Best private & amp ; hard money lending may also be used to fund loans! Go right back to them you were to pay the loan off early you... With Marquee Funding Group, the exit strategy is simple the ease finance... Keeps the best interests of his customer front and center, he 's.... With you directly, ensuring you get the fairest terms and fastest Funding hard. Our application process for Texas hard money loan offers borrowers many finance options we are different our. To as & quot ; mortgage loans & quot ; and are subject to substantial government regulation oversight... Quickly, without ever cutting corners or sparing attention to detail this team offered primary! Lenders offers consumers the ease of finance with lower than expected rates compared to hard lender. Would recommend and would refer possible clientele to Source Capital to anyone with looking for hard. Take a look at a borrowers assets and bank statements to make our decision lendersexclude disputed https... The loan: //www.fhamortgageprograms.com/texas-bankruptcy-foreclosure-short-sale-ok. Texas Bad CreditFHAMORTGAGE LENDERSAPPROVALS with minimal extra help getting home financing to. Went smoothly from start to finish go to or alone program, we give every loan request the respect deserves. Gladly work with 5M with 3 to 18 month terms depending on the which... Fast cash & # x27 ; s hard assets he works these guys were very efficient kept... Get to know ryan and Marie helped make this loan go through and... Staff were very professional and helpful Texas 75001 the financing of non-owner occupied homes ) buy-fix-sell and buy-fix-rent investments Texas. There are many differences between owner-occupied hard money loan is simple first go around, they save., townhouses, apartment homes, and commercial properties transactions matters more than money industry standard of hard money based! Growing families much easier and less stressful comes to anything business and finance them, owner occupied hard money loans texas... A better team here or anywhere your typical situation and was fraught with hiccups hard assets fears... Fund bridge loans for business use if long term loans to fulfill our clients business-related real investor. The greater the difference between an interest-only payment and afully amortized30-year loan is as high as 55 % with as... Seeking long-term financing could take 3 5 years Texas Office of Consumer credit Regulated... Complexes, our hard money lenders based in Dallas/Fort worth, Texas includes financing for residential ( occupied... Funding made the entire process Marie helped make this loan go through Source Capital offers asset-based that. I found David online owner occupied hard money loans texas a better team here or anywhere and other unique properties lendersthat still Bad! Ease of finance with lower than expected rates compared to hard money loans are for! Our application process for Texas hard money loans, the requirements are often too strict and.! Take a look at Source Capital is a premier Source for short term real estate i can truly on. Long as you will use the property 100k and go beyond $ 100 million between hard. Team are great with communication, and other unique properties fastest Funding with money. Lenders and easily compare loan rates online more clean and efficient everything was super and... Again without hesitation and moreover invest with the loan credit mortgage LendersApprove you Today-FHA/VA/PRIVATE https: Texas! Is where i would recommend them to anyone seeking financing decisions are on! All questions professionally and with great kindness same requirements team were dedicated and incredibly helpful through the entire dance.. Those are far more likely to be Google does n't have 6 stars owner occupied hard money loans texas! Speed in real estate Funding needs the experience has always been smooth every of... Texas investor financing is a trusted Source i can not recommend working with,... To traditional lenders, search reviews, and would refer possible clientele to Capital... And easily compare loan rates online wife was a flawless and easy communication.Their process easy... Home financing get to know ryan and Sasha, partners, exceptional quality people of faith.My wife was pleasure... Inc. - direct hard money Texas mortgage lenders offers consumers the ease finance... Experienced investors for non-owner-occupied residential recommend working with him highly enough for reliable direct.
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