If you want to get a deal accomplished, they are the ones to work withChris P.San Antonio, Texas. We got a second chance! I would totally recommend Source Capital to anyone with looking for a hard money loan. I need buying 52 house in texas city area please let me know I am looking 95% finance ready to closing deal Thank you Z ALI. The team will want to see a short submission story and the property address. I have invested with Source Capital Funding for fourteen years. Do not hesitate to give them a shot. (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. The lender and the borrower dance is a unique one to say the least. If you have equity in your house they will work with you even if you have low credit score.Recommend them highly. 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. On this program, we do: 80% to a loan amount of $1,500,000. We pride ourselves on offering stellar hard money and long term loans to Houston, Texas. The process is easy, fast, streamlined and transparent. I would highly recommend them. They kept me very well informed and stayed on top of the process from start to finish. For example, knowing you can close fast can give you the upper hand if youre in a bidding war. These loans are typically referred to as "Mortgage Loans" and are subject to substantial government regulation and oversight. It would be hard to find a more genuine, trustworthy person than Ryan. Home; About. Sacha was very patient and ultimately delivered a proposal which perfectly suited my requirements. 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. The whole process was smooth and fast. This program varies between traditional income documentation to alternative forms of proof of income documentation. Our loans typically range from $250k - $5M with 3 to 18 month terms depending on the project. For these borrowers, an owner-occupied hard money loan can be the answer. I did a lot of research and this company is the best! The rate and fees from Source Capital were considerably lower than other quotes I received. 1. Source Capitals Texas hard money is offered at fixed, interest-only rates, so you never need to worry over sudden spikes. They are one of my favorite lenders. 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. 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. . Owner-Occupied Hard Money Loans are a unique lending program. This is true if you buy ahome at an auctionor in other special circumstances. Love the service you guys gave. 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. https://www.fhamortgageprograms.com/badcredithome-loans/. Our maximum DTI is as high as 55% with LTVs as high as 80%. Texas; Virginia; Washington; Washington DC; Wisconsin; Loan Programs. Its fast, easy and best of all- no paperwork! 201-942-9089 info@abl1.net. Sasha and his team are great with communication, and always willing to help to address any questions or concerns. We can offer owner-occupied loans from six months to 30 years. Were proud of our reputation as a common sense, no-nonsense private money lender. Texas Hard Money Loan Applicants with fico scores as low as 300! 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. They always delivered what they promised. For the last 10 years I work exclusively with source capital.Extraordinary due diligence unbelievable track record of success. If not him, there was always someone who picked up the phone, no wait for return call, to get the help I needed. Sacha was always available by phone and email to answer any questions we had and walk us through the process. Helped us get the deal done. 75% to $2,500,000. If I need a loan again I will go through Source Capital Funding. Great to work with. As a first time hard money borrower, I was quite apprehensive with going this route, but Ryan and Marie answered all my many questions and made this process easy! What are the most typical type of borrower that can get approved for a primary residence loan? I was in a bind having to redo a terrible loan and had problems from the past. They are fast and efficient and they have the best rates!!! Working with Sacha and his team was very straightforward. Sacha was quick and efficient and I look forward to working together again. Ryan and the company in it's entirety are unmatched. Marie Gleason was accomodating and good customer service. Great job! Renting out properties typically carries more risks to traditional lenders, which is why they seek this information. We have no minimum credit score or income requirement. If you need a quickly approved, short term loan, I would definitely recommend Source Capital Funding, Inc. for your next source of capital! They lend because they know its a secure and stable return on their investment compared to the erratic stock market or low yield money market accounts. This was my 2nd transaction with Sacha and his team. We uploaded the documentation required that same day. 14285 Midway Rd #345 Dallas, Texas 75001. This includes the broker, the escrow and the title departments. At HML Solutions, we specialize in providing residential owner-occupied property loans tailored to the needs of our clients. On a limited basis, Noble Mortgage also funds new construction loans and owner-occupied properties. Source Capital offers hard money loans in Texas for both residential and commercial real estate. Saved my deposit and helped me flip this property! 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. I hope it's not the last. Sacha and his team were dedicated and incredibly helpful through the entire process. I cannot thank them enough and have referred every family member, co-worker and professionals with clients in need. Well disclose all terms in clear, easy-to-understand language. Owner occupied private hard money loans are available. Typical lenders need to pour through income statements and credit reports, but as a Texas hard money lender, we can typically approve your loan within 24 hours of receiving your application. ATexasBad right for you.Texas BAD CREDIT MORTGAGE LENDERSPROGRAMS INCLUDE: . Their guidance and assistance is Epic. Recommend him highly! You dont have to worry about taking 30 45 days to close the loan, which can feel like forever, and things can fall apart in that time.Sometimes a fast closing is necessary to keep the deal too. 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. I strongly recommend you use their services, you'll be glad you did!! 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. Very professional and a pleasure towork with. Finally, bridge loans for primary residence and W-2 employees that have less than 2 years of employment history are also candidates. We picked source capital because of the reviews and we werent disappointed. Excellent service all around and very easy to work with! Since the beginning the process with source capital was easy and smooth. All MATERIAL ON THIS WEBSITE IS FOR EXAMPLE HYPOTHETICAL PURPOSES ONLY AND SHOULD NOT BE RELIED ON FOR DECISION MAKING. 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! UPDATE: three years later and we hav once again worked with Source Capital Funding. Were committed to open conversation and will walk you through every detail of your loan. Source Capital Funding, Inc. - Direct Hard Money Lender. As a directmoney lender with a proven track record of successfully funding transactionsfrom the twin cities to all surrounding areas, we know how to get your loan funded fast. Absolute pleasure to work with and I received my loan in what was a flawless and easy transaction. 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. 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. Sacha and his team are superior in this industry and break the traditional rules. Recently Funded California Owner-Occupied Hard Money Loans Primary Residence $173,000 - Encinitas, CA Primary Residence $115,000- Moorpark, CA Primary Residence $214,000- Rohnert Park, CA How an Owner-Occupied Hard Money Loan Differs from a Conventional Loan There are many differences between owner-occupied hard money loans and conventional loans. 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. 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. 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. I would refer Source Capital Funding ,INC with confidenceI will reinvest again.. Phoenix is a great market for me to expand inThanks again!!!! Sacha Ferrandi with Source Capital is GREAT to work with! This is done by using the equity in a borrowers current home. I will definitely do business with them again in future. Our unique approach allows us to close quickly and securely on real estate investments, even when conventional lenders turn you away. Dennis@level4funding.com. Interest rates on hard money loans made to Atlanta borrowers average 13.3%. While traditional lenders can provide these types of loans, the requirements are often too strict and unforgiving. Ryan Burns is one of the most honest, trustworthy men I have had the privlege of working with. They're a pleasure to work with. Most hard money lenders stopped offering owner-occupied consumer loans due to the new regulations, even if they continued to offer business-purpose loans. Everything in the docs were exactly as discussed no hidden fees or clauses. Source Capital is by far the best non-prime lender around (and I used to be a mortgage broker). Residential Hard Money Loans: 1-4 Unit Residential Properties including Condos, townhouses, apartment homes, and other unique properties. They are a pleasure to work with Strongly Recommended., San Diego and Los Angeles hard money loans. Florida Home Equity Loan (HELOAN) Home Equity Line of Credit (HELOC). Many borrowers have unique situations and need unique opportunities to give them the funding they seek. Testimonials. Some hard money loans have aprepayment penalty. But here are a couple of simple ways . Our specialty is non-owner occupied residential or commercial property. 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. Very few alternative lenders offer a private money or hard money loan for primary residence. They lend because they know its a secure and stable return on their investment compared to the erratic stock market or low yield money market accounts. IMPRESSIVE! I was introduced to Source Capital Funding by a respected friend and business associate. The loan was secured by a singe family home with an appraised value of $595,000. I had a transaction that needed to close in 14 days. I will use Source Capital funding again, Easy and efficient, Sacha arranged everything without any fuss or unnecessary delays. I had a very positive experience in working with Sacha I needed to get a loan to remodel a property and he did it in record time, moreover Sacha structured it in a way that worked well for me. Beyond that, deals are examined on a case-by-case basis, so requested documentation can vary but remains uncomplicated. It has been a pleasure working with Ryan and Marie at source capital for the past three years. 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. M&M Lending specializes in arranging private loans that are primarily backed by equity. This can be such a stressful process, butthey makeit all so easy., Smooth and fast transaction as theloan was funded in 8 days. Loans are available only on non-owner occupied real property. Will use again in the future.. We underwrite our loans in-house, cutting time and cost. Why would anyone want to go anywhere else? I'd worked with Source Capital Funding a few years ago when I needed a short-term loan for my business. Equity means the amount of value you as the homeowner owns outright on a property. Thank you for the great customer service. Please complete the form below and a decision maker will contact you shortly. The entire process from start to finish was smooth and easy. They were so easy, quick & professional. Conventional financing is for 30 years on average, but hard money loans are usually for 6 to 60 months. HARD MONEY LOAN SOLUTIONS (855)-244-2220. loan was funded in 8 days. Got to have someone like him in your corner. My husband and I worked with David on a recent equity loan for our home that is is under construction, the entire process was quick easy and David kept us informed the entire way. Source Capitals founder, Sacha, also grew up in Arizona and can help in funding your next hard money loan. There are many differences between owner-occupied hard money loans andconventional loans. I appreciate all the work involved in putting together this loan. 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. I have a low interest rate on my 1st mortgage. My husband and I are renovating a property with a loan from Source Capital. Owner Occupied Hard Money Business Purpose Loans (California Only) These loans are available for owner occupied homes when the loan funds are being used for a BUSINESS PURPOSE and the property is IN CALIFORNIA. This means we can close quickly and hassle-free. 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. This group is professional and responsive to all questions. 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. I will definitely use Sacha for any future loans. Also called bridge loans or no-doc loans, hard money loans are a great option for real estate investors looking for a loan quickly. Definately will go to them for any future $$$ needs. Will definitely recommend. Our team may look at a borrowers assets and bank statements to make our decision. I would recommend and would be happy to come back. Just fill out our online application, send us an email, or give us a call. Commercial and residential loans. Back to Recently Funded gallery. 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 . We lend statewide, including in top cities such as Houston, San Antonio, Dallas, Austin, El Paso, and Plano. If you have a credit issue, a hard money lender helps you to resolve it without losing your real property. Conventional lenders look closely at your income and compare it to your monthly debts. We were able to fund her business purpose loan in 2 weeks. Hard Money Texas Mortgage Lenders offers consumers the ease of finance with lower than expected rates compared to hard money products. 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. Our list of private money lenders in El Paso, Texas includes financing for residential, multifamily, and commercial properties. The staff at Source Capital has helped me create new income streams. He made himself available 24/7 and made sure we were comfortable with every aspect of getting our loan. Noble Mortgage & Investments LLC. (818) 222-5222. Because owner-occupied Arizona Hard Money Loans are provided by private lenders, the terms of your loan could vary but there are some . Hard Money Texas Mortgage Lenders offers consumers the ease of finance with lower than expected rates compared to hard money products. What Qualifies as Owner-Occupied in California? There is a requirement for a lot of equity to make this type of loan work. Email (Required) Property State (Required) Collateral Type (Required) Do you live at the property? There are no personal qualifying requirements because our loans are equity-based only. Owner occupied hard money loans have a shorter lifespan than a conventional loan. After 18 years in Real Estate I can confidently say this was by far the best experience we have had to date. 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. Submit A Scenario Sacha and his team continued to provide superior service and stay in constant communication. Communication was clear and responsive, funding was quick, and terms were as agreed and proposed., Recently completed another flawless transaction with Source Capital. Full income and asset documentation required. Sacha answered the many questions we had and made our unique situation work out. Browse HouseCashin's directory of 58 Houston top private and hard money lenders and easily compare loan rates online. Capital Fund 1 - Texas 2909 . We were very pleased with the service we received from Source Capital. The portal is clean and easy to use for the borrower and the process was like clock work. There are quite a few challenges being faced by the private lending sector including perceived risks, resource constraints, and low expertise. This is the second time I ask them for help and the second time I get the best and greatest service. Please estimate the value of your property. Funded quickly. Our rates start at 7.99%, but depend on a variety of factors, so contact us to see what we can offer you. Sometimes speed in real estate transactions matters more than money. With our new owner-occupied loan program you can purchase your new home before selling your existing home without having to meet stringent debt to income ratios of a conventional lender. Hard money loans are ideal for a wide range of California borrowers and situations. We are different because our entire team has real estate investor . Securing aTexasLow Credithome loanapplicants with less-than a 640 qualifyingBad Creditscore OR a recentbad, HoustonTexasFHAMortgage Lenders-CALLNOW! Ask an Expert: 1-888-473-6410 . Catalyst Sales 832.699.6960. A licensed general contractor must being doing the work. Hard working and constantly working on deal until completion. . 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. You should always discuss the exit strategy with your loan officer. Try a hard money loan instead. These loans are available as long as you will use the property to flip or for business use if long term. In this case the residential investment real estate would be used as collateral (via a first mortgage) for the transaction. What Makes Owner-Occupied Hard Money Loans Rare? Easy working with them, very fast and to the point and very cooperative, they help you every step of the way. Especially M Gleason. Ryan was an absolute pleasure to deal with right from the start. Contact us today to see how we can help with your unique financing needs. Since our founding in 2007, weve secured over $400 million in hard money loans to fulfill our clients business-related real estate needs. 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. NMLS 1057378 | AZMB 0923961 | MLO 1057378 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. 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! Source Capital under promised, over delivered and kept constant communication along the way. Low Rates From The Best Hard Money Private Lender, Rates from 5.99%. Great communication and customer centric, highly recommend! Can't wait to close another deal with these guy! Texas Bad Credit Mortgage LendersApprove You Today-FHA/VA/PRIVATE https://www.fhamortgageprograms.com/texas-low-credit-home-loans-approvals/. We recently closed on a loan with Sacha. 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 Non-owner occupied: Loan Amount: $50,000 - $5 million: ARV: 70% (minimum of $75,000) Interest Rates: Starts at 12%: . He was honest about our mortgage options and patiently answered all of my questions. Our loans are funded through escrow and the funds are wired directly to you. Sasha and his team are exemplary professionals in an industry that isnt always very customer focused and friendly. Its too bad Google doesn't have 6 stars! We underwrite our loans in-house, sparing you any middle man, excessive paperwork, or administrative hurdle. Well process and secure your loan as quickly as possible, even if you have a history of bankruptcy, foreclosure, or poor credit. FAQ. Therefore our criteria is centered around these 5 points: . About. Would you like to borrow additional cash? After you approve our terms, Source Capitals hard money lenders in Texas can typically distribute your funds within 7 days. This is a first class company. Our new Owner-Occupied Consumer Bridge Loan Program allows you to be competitive and get the house of your dreams. We look forward to providing. Hard money lenders calculate your loan by dividing the amount borrowed by the value of your property. As 300 type of loan work loans from six months to 30.! Loan by dividing the amount of value you as the homeowner owns outright on a.... Done by using the equity in your house they will work with you even if they continued provide... 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