Always read the fine print to determine what it would cost if you were to pay the loan off early. Were committed to offering the best possible terms, no matter what. We have no minimum credit score or income requirement. 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. They are fast and easy to work with. We look forward to providing. On behalf of my entire family, I would greatly like to extend a very sincere thank you to Sacha, Marie and Ryan and everyone else at Source Capital who may have been instrumental in providing my family and I the perfectly structured loan we could have ever dreamed of. If I need them in the future I will go right back to them. With our simple process, find out if youre approved in a matter of minutes! Bank-issued loans for terms of 15 to 30 years can be used to purchase long-term non-owner-occupied properties in good condition. Sacha answered the many questions we had and made our unique situation work out. Call us today at 409-735-6267 to start growing your investment . I worked with some high quality individuals. 3.5% Houston Texas FHA Mortgage Lenders Min 580! Thanks for your help. I have been in the mortgage business for 24 years and no one does it as well as Source Capital Funding. 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. For example, knowing you can close fast can give you the upper hand if youre in a bidding war. Hard Money Lender. Were both State and Federally licensed and an A+ Accredited Business with the BBB. Were committed to open conversation and will walk you through every detail of your loan. With over 40 years of combined mortgage experience, Independent Lending is your go to lender for owner-occupied hard money lending. An owner occupied loan is a loan where the person that is receiving the loan, the one that will make payments on it, is going to occupy the property that it is for. Take a look at our customer satisfaction and see why Source Capital goes above and beyond the industry standard of hard money lending. With over $400 million in loans secured, were proud to have earned a 5-Star rating on both Yelp and Google as a mortgage lender. All information subject to change without notice. If you pay the loan off early, you may pay extra. I will use Source Capital funding again, Easy and efficient, Sacha arranged everything without any fuss or unnecessary delays. HARD MONEY LOAN SOLUTIONS (855)-244-2220. Full income and asset documentation required. How To Get A Mortgage With No Tax Returns? 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. 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. Many borrowers have unique situations and need unique opportunities to give them the funding they seek. It was a pleasure to deal with Marie since she was so consistent, straightforward, and very trustworthy. Dennis Dahlberg Broker/RI 623-582 . We help borrowers when others cant. All MATERIAL ON THIS WEBSITE IS FOR EXAMPLE HYPOTHETICAL PURPOSES ONLY AND SHOULD NOT BE RELIED ON FOR DECISION MAKING. He was honest about our mortgage options and patiently answered all of my questions. Amazing lender with great communication. 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. Keep up the good work. The loan was secured by a singe family home with an appraised value of $595,000. We underwrite our loans in-house, sparing you any middle man, excessive paperwork, or administrative hurdle. How It Works. Until the mandatory waiting time for your bad credit elapses, owner-occupied hard money . This is a first class company. First, the underwriting requirements are much stricter with conventional loans. Great team, highly recommend this company. Sacha and his staff were very efficient and kept me informed every step of the way. Borrowers enjoy many benefits with a hard money loan on their primary residence that they cant get with conventional financing. Instead, they take a calculated risk based on a propertys location, condition, and resale value. or in other special circumstances. Use a different loan for repayment such as a loan from the. I would totally recommend Source Capital to anyone with looking for a hard money loan. They are a quality group that I recommend to anyone. Source Capital under promised, over delivered and kept constant communication along the way. Hard Money Loans. Sasha and his team are great with communication, and always willing to help to address any questions or concerns. Owner-occupied loans, also known as consumer-purpose loans, are offered to finance properties that borrowers intend to occupy as their primary residence. Ground up construction or rehab/remodel both available. We also offer closing timeframes of five to 21 days and can service loans as small as $150,000 to as large as $5,000,000. I was in a ugly situation with personal stuff, had very bad credit. We provide financing for: Real estate and other purchases A licensed general contractor must being doing the work. Email (Required) Property State (Required) Collateral Type (Required) Do you live at the property? . Contact us today to see how we can help with your unique financing needs. Source Capital hard money lenders in Texas secure your loan based on equity, and dont discriminate against low credit, previous foreclosure, or a history of bankruptcy. Who We Help. Investmark Mortgage. For the fastest processing times, we encourage you to phone us directly. Source Capital Funding is a top rated hard money lender in San Diegoand Los Angeles, California. Need assistance solving legal or estate issues? Have a Question? Whether youre a real estate agent in Austin or an investor in the Fort Worth area, Source Capital can help finance your next business venture. Lenders will either require a 10-15% down payment or will fund the borrower at an After Repair Value of 60-70%. Conventional financing is for 30 years on average, but hard money loans are usually for 6 to 60 months. Owner Occupied Hard Money Loans - Hard Money Loans GET IN TOUCH +1 (888) 858 7515 Owner Occupied Hard Money Loans I was very impressed with the service and highly recommend Sacha Ferrandi and his team. 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. Ask an Expert: 1-888-473-6410 . After 18 years in Real Estate I can confidently say this was by far the best experience we have had to date. Texas Bad Credit Mortgage Lenders Approve You Today, Texas Mortgage Loan Originator Jobs Remote 1099 275bips, Hiring 1099 Mortgage Loan Originator Jobs, (JobPosting)We Hire+Train Remote Mortgage Loan Originators, No Tax Return Florida Self Employed Mortgage Lenders, 1099 Remote Alabama Loan Officer Jobs- Alabama Loan Officer Employment, FL 1099 LOAN ORIGINATOR JOBS FL LOAN OFFICER JOBS. They have been very helpful and are willing to answer every question that I have. Even with current state of things with this pandemic they were able to deliver on time and as promised. Home sales can go fast and require a down payment immediately. Residential hard money loans are short-term loans that are backed by real estate assets. I went to banks, mortgage lenders but know one wanted to help me. Source Capital is by far the best non-prime lender around (and I used to be a mortgage broker). 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. Source Capitals Texas hard money is offered at fixed, interest-only rates, so you never need to worry over sudden spikes. A+. 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. Ryan and the company in it's entirety are unmatched. The whole process was smooth and fast. Very professional and a pleasure towork with. Thank you all at Source Capitol! They are one of my favorite lenders. Get a free, no-obligation quote. I would trust them with my closest friends and family. Alternative lending has so much more flexibility and speed than conventional lending does. Our team is dedicated to using an honest, straightforward approach to all deals, and building long-term relationships with our brokers and borrowers. 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. RISK FREE CONSULTATION We have the knowledge, capital and flexibility to fund your loan Same Day Underwriting 24 Hour Docs Loans up to 75% LTV Bad Credit - Ok Exclusive Rates from 7.75% Loans from 50k to 25mil Get A Hard Money Quote Today! Working with Sacha and his team was very straightforward. Our list of private money lenders in Texas includes financing for residential, multifamily, and commercial properties. She reviews every deal before I fund them, she also gives them five stars!Michael, Love the rates and service I received and would highly recommend this company. Most conventional loans require great credit, lowdebt-to-income ratios, and a solid employment history.Hard money lenders dont have the same requirements. DFW Specialty Lending is a firm comprised of private money lenders. I called this company already under contract needing help and they closed my loan 7 days later. Many borrowers have unique situations and need unique opportunities to give them the funding they seek. Acquisition & Development Financing . I strongly recommend you use their services, you'll be glad you did!! We help real estate investors get hard money loans and funding for new construction, land development, fix and flip, buy and hold, and the list goes on. We pride ourselves on offering stellar hard money and long term loans to Houston, Texas. From residential to commercial real estate, we fund hard money loans. The company is ethical, transparent, able to solve problems and responds to questions quickly. 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. Securing aTexasLow Credithome loanapplicants with less-than a 640 qualifyingBad Creditscore OR a recentbad, HoustonTexasFHAMortgage Lenders-CALLNOW! Job well done., We were very pleased with the service we received from Source Capital. Our application process for Texas hard money lending is streamlined and automated, allowing for quick decision-making. Lending One provides Mortgage Brokers and Real Estate Investors with a fast and . Poor credit, bankruptcy, foreclosure, self-employed and foreign nationals are no problem. We've invested with Source Capital Funding (SCF) since May 2019 including two individual investments. Well process and secure your loan as quickly as possible, even if you have a history of bankruptcy, foreclosure, or poor credit. Sacha and his group are excellent hard money brokers. . Capital Fund 1 - Texas 2909 . 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. The portal is clean and easy to use for the borrower and the process was like clock work. Fill out our free online loan application. This means that the majority of the funds must be used for business purpose. Our loans include owner and non-owner occupied, fix and flip . Georgia hard money is Atlanta, Georgia's top hard money lender, specializing in private money lending, hard money loans, Bridge Loans and more on commercial and residential investment real estate throughout Colorado. Excellent customer services, customer responsiveness, and overall performance. I came across a great opportunity and needed a loan fast. My partner recommended I try Source Capital. Great funding source for short term real estate loans. I have done a few loans with Source One and the experience has always been smooth. 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. Now all he has to worry about is fixing up those old boats and selling them. 65% to $3,500,000. The founder, Sacha Ferrandi, and his excellent staff were most helpful and were always available to explain the process and answer all of my questions. I have invested with Source Capital Funding for fourteen years. What is the remaining 1st mortgage balance? . Sacha was amazing every step of the way. I hope it's not the last. Ryan was an absolute pleasure to deal with right from the start. My loan was not your typical situation and was fraught with hiccups. I would refer Source Capital Funding ,INC with confidenceI will reinvest again.. Phoenix is a great market for me to expand inThanks again!!!! Thank you again for your service! My husband and I are renovating a property with a loan from Source Capital. Our team of private, direct lenders in Texas can help ensure you never again miss out on a real estate property because it took too long to secure the funds. Sacha was always available by phone and email to answer any questions we had and walk us through the process. Because owner-occupied Arizona Hard Money Loans are provided by private lenders, the terms of your loan could vary but there are some . They lack transparency, communication, and normally keep you guessing. Every member of their staff is so polite and make the process a breeze! 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. Fast approvals and closings for new . With over 40 years of combined mortgage experience, Independent Lending is your go to lender for owner-, occupied hard money lending. I have been an investor for over 8 years now with source capital and I find them to be one of the most professional and ethical hard money companies out there! Unless you have great credit and no recent credit events, it can be hard to get conventional financing, but hard money loans are an option.Before choosing your hard money lender, do your research. Cheers! This includes the broker, the escrow and the title departments. Hard Money Loan Arizona Tel: (623) 582-4444 Texas Tel: (512) 516-1177 Dennis@level4funding.com . Include owner and non-owner occupied, fix and flip Funding ( SCF ) since may 2019 including two investments... And Easy to use for the fastest processing times, we encourage you to phone us.. Can confidently say this was by far the best non-prime lender around and. A solid employment history.Hard money lenders $ 595,000, no matter what have no minimum credit score or requirement. Specialty lending is your go to lender for owner-, occupied hard money are! With over 40 years of combined mortgage experience, Independent lending is your go to for. 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