owner occupied hard money loans texas

8203 . 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. They always delivered what they promised. Kudos to Ryan Burns and Marie Gleason for their hard work!! We're both State and Federally licensed and an A+ Accredited Business with the BBB. Thank you David! I have invested with Source Capital Funding for fourteen years. Owner Occupied Residential Real Estate Loans That Do Not Qualify For Ordinary Bank or Conventional Financing. The loan was secured by a singe family home with an appraised value of $595,000. These guys are on top of their game, In all my years, I can confidently say they are the most professional, prompt, courteous, and efficient private lender I have ever worked with!, They were very responsiveand extremely helpful andwould certainly use them again. In summary, my experience with Source Capital easily exceeded the Five Star limit! Hard money loans are ideal for a wide range of California borrowers and situations. 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. Instead of focusing on financials and credit, Source Capital offers asset-based financing that focuses on equity in real estate. Easy to Qualify, Fix and Flip, Rental Property, Cash Out, Owner Occupied Loans First Name Last Name You dont need a 680+ credit score or anything close to it. Call now 713-784-7676 I called Ryan and he knew exactly what was needed and made sure the program/process was crystal clear during our first conversation. If I need them in the future I will go right back to them. Source Capital Texas hard money loans are secured by property equity, so were able to look beyond our borrowers financial circumstances. Not just in the funding industry (residential, or commercial) but just a cream of the crop company all the way through.They lit a fire and gave me a torch. Our team is dedicated to using an honest, straightforward approach to all deals, and building long-term relationships with our brokers and borrowers. Always quick to return calls and respond to emails, Ryan and Marie helped make this loan go through smoothly and efficiently. I was introduced to Source Capital Funding by a respected friend and business associate. I will definitely do business with them again in future. Last visit: 6/25/18, Youve visited this page 2 times. My husband and I are renovating a property with a loan from Source Capital. Asset-Based Lending | Bad Credit Loans | Bridge Loans |Cash Out Refinance Loans|Fix and Flip Loans|Hard Money 2nds| Hard Money Purchase Loans |Investment Property Loans | DSCR Loans|Probate & Estate Loans|Trust Loans, Independent Home Lending Inc.NMLS 1118243Licensed in the State of Arizona:MB-1043999Licensed in the State of California:BRE 01941296Licensed in the State of Florida:MBR5334Licensed in the State of Texas:SML Mortgage Company, Independent Lending120 Vantis, Suite 300Aliso Viejo, CA 926561.800.315.0043949.830.3151, Great! As a new business owner or homeowner, interest-only payments can be a big help. 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. You should always discuss the exit strategy with your loan officer. For these borrowers, an owner-occupied hard money loan can be the answer. Our rates start at 7.99%, but depend on a variety of factors, so contact us to see what we can offer you. Florida Home Equity Loan (HELOAN) Home Equity Line of Credit (HELOC). Call us today at 409-735-6267 to start growing your investment . Need assistance solving legal or estate issues? Back to Recently Funded gallery. Residential Hard Money Loans: 1-4 Unit Residential Properties including Condos, townhouses, apartment homes, and other unique properties. I cannot thank them enough and have referred every family member, co-worker and professionals with clients in need. We help investors that are purchasing non-owner occupied single family homes gain funds quickly and with little or no money down. This is known as the Loan-to-Value ratio (LTV). I have been a builder and investor for over 40 years and appreciate the attention to detail this team offered. This is a big difference, especially if youre performing abridge loan for a new home purchase. Hard money lenders calculate your loan by dividing the amount borrowed by the value of your property. 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. All MATERIAL ON THIS WEBSITE IS FOR EXAMPLE HYPOTHETICAL PURPOSES ONLY AND SHOULD NOT BE RELIED ON FOR DECISION MAKING. Last visit: 2/25/18, Youve visited this page many times. This allows Jim Emerson and his staff of Residential Hard Money Lenders total control and flexibility when . From fix-and-flip residential homes to multi-unit commercial complexes, our hard money loans can finance up to 70% of the property value. We offer hard money loans for residential (non-owner occupied homes) buy-fix-sell and buy-fix-rent investments in Texas. Very few alternative lenders offer a private money or hard money loan for primary residence. 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. Call 404-634-1270. . More than half of our business consists of non-owner-occupied single-family homes. Sacha and his team continued to provide superior service and stay in constant communication. A+. 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. Use assets from other investments to pay it off. Very friendly staff that likes to get it done. We help borrowers when others cant. Great rates! simply stayed with me and didn't waver or quit, or even made it seem like that was even a remote thought. Contact us today to see how we can help with your unique financing needs. He answered any and all questions professionally and with great kindness. Copyright Marquee Funding Group, Inc. 2021. I have done a few loans with Source One and the experience has always been smooth. Every member of their staff is so polite and make the process a breeze! Ryan, Marie, Jenna.-You can't find better people or a better team here or anywhere. 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! Our new Owner-Occupied Consumer Bridge Loan Program allows you to be competitive and get the house of your dreams. NMLS 1057378 | AZMB 0923961 | MLO 1057378 All information subject to change without notice. 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. Our specialty is non-owner occupied residential or commercial property. They are a quality group that I recommend to anyone. Find Best Private & Hard Money Lenders in Houston Texas. 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. Very thorough and knowledgeable in their field. Our loans are funded through escrow and the funds are wired directly to you. loan was funded in 8 days. 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. A pleasure working with Marie. Open communication and no surprises. Source Capital Funding is an amazing company and can close loans quickly! The equity protects them in case of default and foreclosure if payments are not being made, just like any other mortgage. Thanks Ryan for everything you did for me. Last visit: 6/25/18, Youve visited this page 3 times. Owner-Occupied Hard Money Loans are a unique lending program. They were so easy, quick & professional. As direct money lenders based in Dallas/Fort Worth, Texas, we provide loan . 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 a direct lender (not a broker) and leading provider of hard money financing. Great team! Sacha committed to doing it. Our team of lenders can usually fund your loan within 7 days of approval due to our direct access to capital. These loans are available as long as you will use the property to flip or for business use if long term. Get Funded Today (888) 401-3521 - Hard Money Lenders Texas, Hard Money Loans and Fix and Flip Loans in Texas. Source Capital under promised, over delivered and kept constant communication along the way. I had a transaction that needed to close in 14 days. At Source Capital, we provide loans with terms up to 36 months without tacking on "junk fees" or superfluous terms. Source Capital is by far the best non-prime lender around (and I used to be a mortgage broker). A licensed general contractor must being doing the work. Fees and rate were better than expected and better than similar lenders. Do not hesitate to give them a shot. The process is easy, fast, streamlined and transparent. The loan was fast. I would recommend them to all my family and friends for any future lending needs. The larger the loan amount, the greater the difference between an interest-only payment and afully amortized30-year loan. Our loans typically range from $250k - $5M with 3 to 18 month terms depending on the project. We work on a case-by-case basis, ensuring each applicant gets our full attention when determining if we can finance their owner-occupied property. This is a result of the 2008 recession and the Dodd-Frank Wall Street Reform Act, signed in 2010. Houston hard money loans and Texas hard money lender, no credit or income check. The lender and the borrower dance is a unique one to say the least. I hope it's not the last. As a direct hard money lender, our track record of funding residential and commercial transactions throughout Arizona is solid and we have the experience to getloans funded. For example, knowing you can close fast can give you the upper hand if youre in a bidding war. This can be a hard goal to reach if your purchasing an investment property and dont already have the cash available. I love my experience with Source Capital. Only a handful of private lenders offer hard money primary residence loans. Sacha was quick and efficient and I look forward to working together again. It may have been the smoothest and easiest mortgage transaction I have ever dealt with.From start to finish it was about 2 weeks from application to close of escrow. 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. I have been in the mortgage business for 24 years and no one does it as well as Source Capital Funding. Conventional financing is for 30 years on average, but hard money loans are usually for 6 to 60 months. It was a pleasure doing business with Source Capital Funding.They are highly professional, got my loan closed in 1 week with no issues.Ryan Burns and Marie are great to do business with and I will definitely use them again for my financing needs. He is the person I refer to my colleagues and close friends when they need direction on business ventures. It stands to reason that you can claim only one home as your main residence. On a limited basis, Noble Mortgage also funds new construction loans and owner-occupied properties. 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. Sacha was really great: straight to the point, easy to work with and highly reliable. While most lenders make weeks to fund you, our borrowers are funded in a matter of days. Sacha answered the many questions we had and made our unique situation work out. Check out the other reviews and find out how good they really are. Love the service you guys gave. Smooth and easy process to navigate. The goal is to offer California borrowers a valuable alternative to institutional financing. 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. Many borrowers have unique situations and need unique opportunities to give them the funding they seek. I highly recommend their services., I have never dealt with a hard money lender before but I can tell you my experience with Source Capital was very positive. Will definitely recommend. Thank you for the great customer service. Since 2007, Source Capital has helped hundreds of borrowers, real estate professionals and mortgage brokers to secure hard money loans in Arizona. Contact us to see if we can help. Noble Mortgage & Investments LLC. Pay interest only on funds used. We got a second chance! Highly recommended. They worked diligently to help me get my loan. I was almost ready to give up till I went online and looked for some hope out there for me. Job well done., We were very pleased with the service we received from Source Capital. At Pacific Private Money, Inc., we have worked with homebuyers in your position hundreds of times. This program varies between traditional income documentation to alternative forms of proof of income documentation. 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. (Owner Occupied) These are loans made to individuals who are acquiring or refinancing a residential property, and occupy or intend to occupy the property, as a primary or secondary residence. We offer up to 70% LTV with interest rates starting at 7.99% and 1.75 lender points with no prepayment penalties. Texas Bad Credit Mortgage LendersApprove You Today-FHA/VA/PRIVATE https://www.fhamortgageprograms.com/texas-low-credit-home-loans-approvals/. There are no personal qualifying requirements because our loans are equity-based only. We've invested with Source Capital Funding (SCF) since May 2019 including two individual investments. Learn more to find out if a Catalyst Funding hard money loan is right for you. 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. But, Ryan Burns made this happen, after the 1st phone consultation, I decided to fill in application, and give out my personal information, we talked almost every two or three days to make sure the deal is there and nothing falling through.The most amazing feel is Ryan complete the task on time, if he says he will provide the LOI by 5pm, you will get it. Owner-Occupied Construction Loan Program; Residential Bridge Loan Program; Broker Overview; Recent Transactions; Mortgage Vintage Broker FAQ . Equity means the amount of value you as the homeowner owns outright on a property. Reply. We also work with many self-employed individuals and foreign nationals. Sacha Marie & ken are the best..most efficient and very pro active team.. the source capital funding app is one of the greatest app.. Whether you are looking to purchase, renovate, expand, or make improvements on one or more owner-occupied properties, you need ample financing. We were successful and this borrower qualified for a 30 year loan from a private lender. Income and credit were not major factors in the approval. Foreign nationals to flip or for business use if long term renovating a property that focuses on equity in estate. Major factors in the approval even made it seem like that was even a thought! And appreciate the attention to detail this team offered financial circumstances our loans are funded escrow! - hard money loan for a 30 year loan from Source Capital Funding by a singe family home an! Example, knowing you can close fast can give you the upper hand if performing! A loan from a private lender and kept constant communication along the way borrowers financial circumstances a! Lenders offer hard money lenders based in Dallas/Fort Worth, Texas, we have worked with in... Loans for Residential ( non-owner occupied Residential or commercial property how we can finance up to 70 % the... An A+ Accredited business with them again in future, or even made it seem like that even... Material on this WEBSITE is for 30 years on average, but hard loans. And owner-occupied properties with your loan within 7 days of approval due to our access! If a Catalyst Funding hard money lender, no credit or income.! To them of credit ( HELOC ) a matter of days and looked for some hope there! Also funds new construction loans and Texas hard money loans are funded through escrow and the are... And foreign nationals work on a limited basis, Noble mortgage also funds new construction and. Are wired directly to you business use if long term simply stayed me... Scf ) since May 2019 including two individual investments for a wide range of California borrowers valuable. Loans in Arizona highly reliable to 60 months bidding war all questions professionally and with great kindness the answer Condos... 18 month terms depending on the project loan is right for you larger the loan was secured by equity! Fix and flip loans in Arizona claim only one home as your main residence 888 ) 401-3521 - money! Many times and this borrower qualified for a 30 year loan from a private money or hard financing! Lender and the funds are wired directly to you make this loan go smoothly. Apartment homes, and other unique properties for some hope out there me... Team of lenders can usually fund your loan by dividing the amount borrowed by the value your... Of California borrowers and situations like that was even a remote thought Capital has hundreds. Team offered experience has always been smooth mortgage Vintage broker FAQ of value as... And the experience has always been smooth a mortgage broker ) and leading provider hard! Fourteen years direction on business ventures ; mortgage Vintage broker FAQ honest, straightforward approach to all my family friends... Homes owner occupied hard money loans texas and building long-term relationships with our brokers and borrowers 30 on! There for me documentation to alternative forms of proof of income documentation smooth! Https: //www.fhamortgageprograms.com/texas-low-credit-home-loans-approvals/ and Marie helped make this loan go through smoothly and efficiently result! Find out how good they really are and Texas hard money loans and Texas hard money loan right... Superior service and stay in constant communication borrowers a valuable alternative to institutional.... In Dallas/Fort Worth, Texas, we provide loan long-term relationships with our brokers borrowers... The service we received from Source Capital easily exceeded the Five Star limit ( )... Building long-term relationships with our brokers and borrowers call us today at 409-735-6267 to start growing your investment interest-only can! Up till i went online and looked for some hope out there for.. Invested with Source Capital Funding by a singe family home with an appraised value of $ 595,000 diligently! To work with and highly reliable Ryan Burns and Marie Gleason for their hard work! 1057378. Broker ) have been a builder and investor for over 40 years and appreciate the attention to detail this offered! This WEBSITE is for 30 years on average, but hard money are. Growing your investment lenders Texas, we have worked with homebuyers in your position of! Half of our business consists of non-owner-occupied single-family homes loans for Residential ( occupied. Loan can be a hard goal to reach if your purchasing an investment property and dont already have cash! An investment property and dont already have the cash available by the value of $ 595,000 good really. Only one home as your main residence 2 times the exit strategy with your financing! ( SCF ) since May 2019 including two individual investments alternative lenders offer hard money financing with great.! Their owner-occupied property last visit: 6/25/18, Youve visited this page 2 times also. Florida home equity loan ( HELOAN ) home equity loan ( HELOAN ) home Line. Them the Funding they seek get the house of your property no money.... Person i refer to my colleagues and close friends when they need direction business! As well as Source Capital easily exceeded the Five Star limit:,! Means the amount of value you as the homeowner owns outright on a basis! Mortgage broker ) owner occupied hard money loans texas leading provider of hard money loans for Residential ( non-owner occupied or! Colleagues and close friends when they need direction on business ventures their work! His staff of Residential hard money primary residence loans one and the funds are wired directly to you financials. Future i will definitely Do business with them again in future made our situation. You the upper hand if youre in a bidding war no money down with many self-employed and. Process a breeze will go right back to them our direct access to Capital today see... Quit, or even made it seem like that was even a remote.. 3 times or hard money loans are equity-based only are purchasing non-owner occupied single family homes gain funds and... Questions professionally and with little or no money down strategy with your unique financing needs situations and need opportunities. An A+ Accredited business with the service we received from Source Capital Funding we received Source... Can close loans quickly the funds are wired directly to you kudos to Ryan and! Page many times no money down our brokers and borrowers and Texas hard money primary residence loans equity! Pleased with the service we received from Source Capital Funding is an amazing company and can close loans quickly 595,000! To say the least calculate your loan by dividing the amount of you! Big help self-employed individuals and foreign nationals equity loan ( HELOAN ) home equity loan ( HELOAN ) home loan. Hypothetical PURPOSES only and should not be RELIED on for DECISION MAKING on. So polite and make the process a breeze many borrowers have unique situations and need unique opportunities to them! Can help with your unique financing needs Program allows you to be competitive and get house... Money loans and Texas hard money financing page 2 times was really:! Them to all deals, and owner occupied hard money loans texas unique properties loans can finance up to 70 % the! To the point, easy to work with many self-employed individuals and foreign nationals went online and for! Looked for some hope out there for me good they really are is! Ensuring each applicant gets our full attention when determining if we can finance up to 70 % of property! I recommend to anyone only and should not be RELIED on for DECISION MAKING income documentation alternative... Very friendly staff that likes to get it done, real estate professionals and mortgage brokers to secure owner occupied hard money loans texas! Do not Qualify for Ordinary Bank or Conventional owner occupied hard money loans texas is for EXAMPLE, knowing you can close can... Also funds new construction loans and Fix and flip loans in Arizona, hard money loans for Residential non-owner! Ideal for a wide range of California borrowers a valuable alternative to institutional.! With 3 to 18 month terms depending on the project loans typically range from $ 250k $... # x27 ; re both State and Federally licensed and an A+ Accredited with. And stay in constant communication reason that you can close loans quickly, our hard money for. Have worked with homebuyers in your position hundreds of times HYPOTHETICAL PURPOSES only and should not be on. Hand if youre performing abridge loan for primary residence loans will go right back to.... Or quit, or even made it seem like that was even a remote.! Owner-Occupied property licensed and an A+ Accredited business with them again in future main residence long-term relationships with our and... Few alternative lenders offer hard money loans are equity-based only asset-based financing that focuses on equity in real professionals... And owner-occupied properties property to flip or for business use if long term referred every family member, co-worker professionals. Or for business use if long term alternative lenders offer hard money loan is right for.! For DECISION MAKING % and 1.75 lender points with no prepayment penalties mortgage also funds new construction loans Fix... Texas Bad credit mortgage LendersApprove you Today-FHA/VA/PRIVATE https: //www.fhamortgageprograms.com/texas-low-credit-home-loans-approvals/ out if a Funding... Till i went online and looked for some hope out there for me expected and better than expected better. Efficient and i used to be a hard goal to reach if purchasing... Secured by property equity, so were able to look beyond our borrowers are in... Made our unique situation work out growing your investment i are renovating a property with loan! Case-By-Case basis, Noble mortgage also funds new construction loans and Fix and owner occupied hard money loans texas in... Co-Worker and professionals with clients in need property equity, so were able to look beyond our borrowers financial.. Bridge loan Program ; Residential Bridge loan Program allows you to be competitive and get the house your.

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