I worked with some high quality individuals. Its quick, easy, and takes under 10 minutes to complete. Texas; Virginia; Washington; Washington DC; Wisconsin; Loan Programs. Owner-Occupied Hard Money Loans are a unique lending program. This means that the majority of the funds must be used for business purpose. Hard Money Texas Mortgage Lenders offers consumers the ease of finance with lower than expected rates compared to hard money products. Our team of lenders can usually fund your loan within 7 days of approval due to our direct access to capital. He thinks he is going to get it done some day. While hard money loans are simple, straightforward, and quick, conventional mortgages from banks have many more requirements. Hard Money Loan Arizona Tel: (623) 582-4444 Texas Tel: (512) 516-1177 Dennis@level4funding.com . Keep up the good work. I call Source Capital Funding and talk to Mr. Ryan Burns. Can I get a primary residence 2nd or 3rd mortgage? 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. Browse HouseCashin's directory of 58 Houston top private and hard money lenders and easily compare loan rates online. Hopefully before the flood. 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. Give them a call and see for yourself. occupied, since those are far more likely to be . Our clients back our reputation as an industry-leading hard money lender. We also have a proven track record of success for reliable, direct financing. We look forward to use source capital in the future! Ryan, Sacha and Marie are professional, knowledgeable and helpful. Check out the other reviews and find out how good they really are. 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. The qualifications are much easier than those of a bank loan. Fill out our free online loan application. Its too bad Google doesn't have 6 stars! They always delivered what they promised. Applying for a loan in Texas shouldnt be complicated. An owner-occupied hard money loan offers borrowers many finance options. We lend statewide, including in top cities such as Houston, San Antonio, Dallas, Austin, El Paso, and Plano. Thanks for your help. Even with current state of things with this pandemic they were able to deliver on time and as promised. Marie Gleason was accomodating and good customer service. Great communication and customer centric, highly recommend! I strongly recommend you use their services, you'll be glad you did!! Our rates start at 7.99%, but depend on a variety of factors, so contact us to see what we can offer you. We were successful and this borrower qualified for a 30 year loan from a private lender. 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. We help investors that are purchasing non-owner occupied single family homes gain funds quickly and with little or no money down. 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. Although many loan-modification and short-sale companies have sprung up in recent years, almost all make their money. Hard Money Loans. Not sure if your situation qualifies? . Our Texas hard money lending may also be used to fund bridge loans for up to 12 months. I recommend them to anyone who needs extra help getting home financing. Back to Recently Funded gallery. The difference between consumer-purpose and business-purpose loans lies in how the borrower uses the loan. What is the remaining balance on the 2nd mortgage? Hard Money Loan. I would not hesitate to recommend Source Capital for quick Hard Money loans, and I would gladly work with them again. The goal is to offer California borrowers a valuable alternative to institutional financing. 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 Submit A Scenario 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. simply stayed with me and didn't waver or quit, or even made it seem like that was even a remote thought. The staff at Source Capital has helped me create new income streams. We do fund loans others wont. Owner Occupied Hard Money Loans - Hard Money Loans GET IN TOUCH +1 (888) 858 7515 Owner Occupied Hard Money Loans We started out with investing 5 percent of our worth as our initial investment. I would refer Source Capital Funding ,INC with confidenceI will reinvest again.. Phoenix is a great market for me to expand inThanks again!!!! Interest rates on hard money loans made to Atlanta borrowers average 13.3%. I would highly recommend them to anyone seeking financing. Working with a trusted and knowledgeable mortgage professional who can show you the different options and how they affect your finances is important.When you workwith us, no case is too unique. First Class all the way! Source Capital works closely anddiligently with all types of borrowers and brokers and has the experience to help. Independent Lending offers owner-occupied loans for California borrowers . More than half of our business consists of non-owner-occupied single-family homes. In these challenging times, especially with the pandemic? Very fast and smooth process. 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. Calabasas, California 91302 I appreciate all the work involved in putting together this loan. All loans subject to borrowers and underlying collateral meeting First Capital Trust Deeds . Sacha was amazing every step of the way. 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. 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. These loans can be recorded as hard money first mortgage,hard money second mortgageor hard money third mortgageliens.The Investors dont pay much attention to the borrowers credit or income because the location, equity and good condition of the property will protect their interests while making a equitable monthly return on their investment.-. Please complete the form below and a decision maker will contact you shortly. Highly recommended. My loan was not your typical situation and was fraught with hiccups. While traditional lenders can provide these types of loans, the requirements are often too strict and unforgiving. Highly recommend their sevrvices. Simply fill out our online application, send us an email, or give us a call to apply for Texas hard money lending. Since 2007, Source Capital has helped hundreds of borrowers, real estate professionals and mortgage brokers to secure hard money loans in Arizona. I will definitely do business with them again in future. Use assets from other investments to pay it off. If ever I find myself in need of a loan, Source Capital is where I would go. With an owner-occupied property, though, it could take 3 5 years to see their full investment again. I feel extremely proud of what they helped me accomplish when someone else local to me fell short and almost left me in an impossible situation. They are a great group who are fast and friendly and understand your needs. loan was funded in 8 days. Check out this Temecula, CA fix & flip from one of our investment partners. The equity protects them in case of default and foreclosure if payments are not being made, just like any other mortgage. 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 purpose of this act was to protect taxpayers and consumers from investment risks taken by banks. 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. Kudos to Ryan Burns and Marie Gleason for their hard work!! Kelli. Its easiest to talk to us directly over the phone to discuss your unique scenario, answer any questions, and approve you in a matter of minutes. The ideal option for unique borrowers is a private money loan. With over 40 years of combined mortgage experience, Independent Lending is your go to lender for owner-, occupied hard money lending. There also are owner-occupied business loans, where you use the loan to improve or expand your business. 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. . I was very pleased to work with Source Capital, there are plenty hard money loan company there, but Ryan will still be my first choice for my next project. This is because investors buy loans from lenders, and the lenders must meet the investors strict requirements. This type of loan program, also known as a Bailout Foreclosure Loan, is an additional loan taken out to refinance and pay off the existing mortgage that is in default. Our new Owner-Occupied Consumer Bridge Loan Program allows you to be competitive and get the house of your dreams. I would not hesitate to recommend Source Capital to anyone needing fast financing for their real estate transactions. Why are consumer-purpose hard money loans so rare in California? Efficient and easy to work with. While most lenders make weeks to fund you, our borrowers are funded in a matter of days. Got my loan in less than a week. Home sales can go fast and require a down payment immediately. So, if you have a lot of credit card debt, personal loans, or other consumer debt, it will count against you when you apply for a conventional loan.Hard money lenders focus on theproperty equity, not on how much money you make. We look forward to many future closings with Sacha and team. Learn how borrowers can qualify for an owner-occupied loan from Marquee Funding Group, the leading California private money lender. Exactly like the first go around, they helped me achieve a major milestone in my life in less than 2 weeks! 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! 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! Yes, in California and Arizona we can offer a primary residence 2nd or 3rd mortgage if it fits within our guidelines. Highly recommend reaching out to him for any and all of your real estate funding needs! First Name Last Name 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. 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