Our unique approach allows us to close quickly and securely on real estate investments, even when conventional lenders turn you away. Sincerest appreciation to Ryan and Marie for their guidance and professionalism. Investmark Mortgage, LLC is a 3 time award winning hard money lender, with offices in North Texas, Central Texas, and South Texas. Hands on, great service, great process, great loan product! 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. Sasha and his team are exemplary professionals in an industry that isnt always very customer focused and friendly. They met tight deadlines. Amazing lender with great communication. Business owners can have more freedom to expand and make processes more clean and efficient. Private lenders use the primary residence as collateral to guarantee the loan. 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. Conventional financing is for 30 years on average, but hard money loans are usually for 6 to 60 months. Get Funded Today (888) 401-3521 - Hard Money Lenders Texas, Hard Money Loans and Fix and Flip Loans in Texas. I worked with some high quality individuals. The best from coast to coast. 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. Kudos to Ryan Burns and Marie Gleason for their hard work!! 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. Ryan, Sacha and Marie were a PLEASURE to work with. THANK YOU! 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. I went to banks, mortgage lenders but know one wanted to help me. Well disclose all terms in clear, easy-to-understand language. Need A Real Estate Loan Fast? 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 It was a pleasure to deal with Marie since she was so consistent, straightforward, and very trustworthy. Thanks! I highly recommend using them! Were both State and Federally licensed and an A+ Accredited Business with the BBB. Let our experience and service help with your goals. Florida Home Equity Loan (HELOAN) Home Equity Line of Credit (HELOC). (818) 222-5222. If you have a credit issue, a hard money lender helps you to resolve it without losing your real property. They are one of my favorite lenders. Dennis Dahlberg Broker/RI/CEO. After you approve our terms, Source Capitals hard money lenders in Texas can typically distribute your funds within 7 days. Simply fill out our online application, send us an email, or give us a call to apply for Texas hard money lending. He is the person I refer to my colleagues and close friends when they need direction on business ventures. Excellent service all around and very easy to work with! So if anyone need to refinance please give a call he will get you the loan. 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. These loans are available as long as you will use the property to flip or for business use if long term. Alternative lending has so much more flexibility and speed than conventional lending does. Sacha and his staff were very efficient and kept me informed every step of the way. I would highly recommend Source Capital Funding. A Foreclosure Bailout loan is considered an asset based refinance mortgage, based on the current appraised value of the property or asset. Owner occupied hard money loans have a shorter lifespan than a conventional loan. They worked diligently to help me get my loan. The low-down payment requirements are one benefit of conventional loans, especially for investment properties. Catalyst Support 832.648.3626. . Highly recommend their sevrvices. Marie Gleason was accomodating and good customer service. What Makes Owner-Occupied Hard Money Loans Rare? Simply stated- truly exemplary and professional people, Source Capital has been an absolute pleasure to work with throughout. Working with Source Capital Funding was a breeze. Please estimate the value of your property. Unfortunately, many buyers dont have the time to wait for how long conventional loans take. Smooth and easy process to navigate. They dont review income documentation such asW-2sor tax returns for debt to income qualifications. Very professional and a pleasure towork with. Very friendly staff that likes to get it done. Borrowers enjoy many benefits with a hard money loan on their primary residence that they cant get with conventional financing. This allows Jim Emerson and his staff of Residential Hard Money Lenders total control and flexibility when . I cannot thank them enough and have referred every family member, co-worker and professionals with clients in need. The equity protects them in case of default and foreclosure if payments are not being made, just like any other mortgage. Suite 150 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. I would use Source Capital again without hesitation and moreover invest with the company in the future. He gave me some very thoughtful and useful advice. Most pull your credit just to see your credit history to ensure youre an overall good risk. I had a great experience and I am very thankful that I found them!! Our quote is free and requires little information, so what do you have to lose? Equity means the amount of value you as the homeowner owns outright on a property. I was very impressed with the service and highly recommend Sacha Ferrandi and his team. 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. It would be hard to find a more genuine, trustworthy person than Ryan. Can I get a primary residence 2nd or 3rd mortgage? They always delivered what they promised. (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. 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! It stands to reason that you can claim only one home as your main residence. 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. Sacha answered the many questions we had and made our unique situation work out. Sacha and his team were dedicated and incredibly helpful through the entire process. I would recommend and would be happy to come back. This means that the majority of the funds must be used for business purpose. 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 Owner Occupied & Residential Hard Money Loans There are many circumstances which result in a borrower being denied a residential mortgage by banks and credit unions, causing the borrower to turn to a residential hard money lender to obtain a hard money loan for their primary residence: The borrower currently has poor credit Highly recommended. Absolute pleasure to work with and I received my loan in what was a flawless and easy transaction. Its the easiest way to chat with you and answer any questions that may arise regarding your Texas hard money loan. I was almost ready to give up till I went online and looked for some hope out there for me. 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. They responded to emails and calls very quickly. 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! This is the second time I ask them for help and the second time I get the best and greatest service. A simple valuation was completed and documents were underwritten. What is the remaining balance on the 2nd mortgage? Owner occupancy simply means a borrower will use a property as their primary home. Sacha was very patient and ultimately delivered a proposal which perfectly suited my requirements. If I need a loan again I will go through Source Capital Funding. Established in 2010, we provide short-term fix & flip financing and long-term rental financing for real estate investors. I have done a few loans with Source One and the experience has always been smooth. I highly recommend Source Capital Funding, Inc. Great experience with two loans. And he did very fast! Texas Hard Money Pros | A Direct Private Money Lender We Can Fund Your Hard Money Loan! Ryan and the company in it's entirety are unmatched. Use assets from other investments to pay it off. Our team of lenders can usually fund your loan within 7 days of approval due to our direct access to capital. and havehelped me so much! We picked source capital because of the reviews and we werent disappointed. Give them a call and see for yourself. You dont need a 680+ credit score or anything close to it. Thanks Ryan for everything you did for me. I will definitely do business with them again in future. This is a first class company. CALFORNIA HARD MONEY PRIMARY RESIDENCE LOANS. The speed, flexibility, and common-sense approach can make growing businesses and growing families much easier and less stressful. What Qualifies as Owner-Occupied in California? 710 N Post Oak Rd . Sacha Was Very professional and polite at all times and was even negotiable to get me a lower rate just to make me comfortable. Sasha almost always answered the phone personally. Get to know Ryan and Sasha, partners, exceptional quality people of faith.My wife was a CFO and a forensic auditor. More than half of our business consists of non-owner-occupied single-family homes. We do fund loans others wont. Our loans are intended for business purposes only, including not only investment properties, but also for uses such payroll and inventory. 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. If youve been turned down by traditional lenders, we can help. The team will want to see a short submission story and the property address. Our team is dedicated to using an honest, straightforward approach to all deals, and building long-term relationships with our brokers and borrowers. Instead, they take a calculated risk based on a propertys location, condition, and resale value. Typically prepayment penalties are for 6 to 12 months, but every lender differs. 100 thumbs up. Our maximum DTI is as high as 55% with LTVs as high as 80%. UPDATE: three years later and we hav once again worked with Source Capital Funding. 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. Update: I am updating my review from 3 years ago to give another 5 Star review to Sacha and his team! The entire process from start to finish was smooth and easy. Make sure you have a solid plan if you are seeking long-term financing. 3.5% Houston Texas FHA Mortgage Lenders Min 580! 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. They are a pleasure to work with Strongly Recommended., San Diego and Los Angeles hard money loans. This program varies between traditional income documentation to alternative forms of proof of income documentation. 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. Borrowers can use consumer-purpose loans for: With Marquee Funding Group, qualifying for an owner-occupied hard money loan is simple. Fees and rate were better than expected and better than similar lenders. Calabasas, California 91302 Thanks! I had a transaction that needed to close in 14 days. I called Ryan and he knew exactly what was needed and made sure the program/process was crystal clear during our first conversation. Copyright - Source Capital Funding, Inc. I have invested with Source Capital Funding for fourteen years. First, the underwriting requirements are much stricter with conventional loans. US Mortgage Lenders LLC 2015 All rights reserved. Whether you are looking to purchase, renovate, expand, or make improvements on one or more owner-occupied properties, you need ample financing. 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! Its too bad Google doesn't have 6 stars! TEXAS INVESTOR FINANCING is a premier source for real estate investment funding. 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. 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. Every member of their staff is so polite and make the process a breeze! First, and probably most important, bad credit is okay! Source Capital is a premier hard money lender in Texas servicing the entire Lone Star State. 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. There are many differences between owner-occupied hard money loans andconventional loans. 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. Their process is easy and they offer great flexibility. E.Dunn. 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. The . We started out with investing 5 percent of our worth as our initial investment. The lender knows theyll get their money back quickly. Saved my deposit and helped me flip this property! We just got the very first deal done with Sacha and love the way he works. Back to Recently Funded gallery. Our clients back our reputation as an industry-leading hard money lender. I would highly recommend them. Can you get a Hard Money Loan for Owner Occupied h . In this city, the median amount loaned is $329,044. today for more information on how we can approve you for an owner-occupied private money loan. NMLS #1760709; Arizona Mortgage Broker License #0950084; California Finance . Sacha and his team are superior in this industry and break the traditional rules. We had the best lending experience with David Milo and Independent Lending! Need assistance solving legal or estate issues? Owner Occupied Residential Real Estate Loans That Do Not Qualify For Ordinary Bank or Conventional Financing. Would you like to borrow additional cash? . My agent Sasha was great. They were so easy, quick & professional. This is known as the Loan-to-Value ratio (LTV). 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. Great rates too. The equity protects them in case of default and foreclosure if payments are not being made, just like any other mortgage. Texas Hard Money Loan Applicants with fico scores as low as 300! Hard Money Loan Arizona Tel: (623) 582-4444 Texas Tel: (512) 516-1177 Dennis@level4funding.com Dennis Dahlberg Broker/RI/CEO. 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. The term owner-occupied in reference to hard money loans refers to a primary residence. Interest-only payments make your monthly payments more affordable when buying a house or cashing out with a refinance. The same goes with refinancing for pulling cash out. Who We Help. 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. Sometimes you just need to close on a mortgage loan fast, and its possible with hard money loans. Our loans, often called hard money loans, can be used for the purchase or refinance of non-owner occupied residential & commercial properties, financing of renovation project, and bridge funding. 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. Only a handful of private lenders offer hard money primary residence loans. This can be such a stressful process, butthey makeit all so easy., Smooth and fast transaction as theloan was funded in 8 days. Last visit: 6/21/18. Home. I highly recommend using them for you funding needs. We lend statewide, including in top cities such as Houston, San Antonio, Dallas, Austin, El Paso, and Plano. Great to work with. Plus, borrowers can acquire a loan by negotiating terms directly with the lender rather than adhering to strict credit and income requirements. For these borrowers, an owner-occupied hard money loan can be the answer. Thank you again for your service! These loans are typically for purposes such as fix and flip, fix to rent, bridge, or buy to rent. At Pacific Private Money, Inc., we have worked with homebuyers in your position hundreds of times. I had a great experience with Source Capital. Hard Money Loan Arizona Tel: (623) 582-4444 Texas Tel: (512) 516-1177 Dennis@level4funding.com . Acquisition & Development Financing . We look forward to many years of investing with SCF! Source Capital offers hard money loans in Texas for both residential and commercial real estate. Many borrowers have unique situations and need unique opportunities to give them the funding they seek. Source Capital is a premier hard money lender in California, Arizona, and Minnesota, but we specialize in direct hard money loans in Texas. Our new Owner-Occupied Consumer Bridge Loan Program allows you to be competitive and get the house of your dreams. Definately will go to them for any future $$$ needs. Using my home's equity, founder Sacha Ferrandi guided me through the process and I very quickly had the funds I needed. Because of this, they wont allow highloan-to-valueratios. https://www.fhamortgageprograms.com/badcredithome-loans/. After 18 years in Real Estate I can confidently say this was by far the best experience we have had to date. I appreciate all the work involved in putting together this loan. Funded quickly. With our simple process, find out if youre approved in a matter of minutes! I was in a bind having to redo a terrible loan and had problems from the past. A+. Sasha and his team are great with communication, and always willing to help to address any questions or concerns. Call us today at 409-735-6267 to start growing your investment portfolio! Also called bridge loans or no-doc loans, hard money loans are a great option for real estate investors looking for a loan quickly. Conventional lenders look closely at your income and compare it to your monthly debts. LendingOne New Construction Loans can provide the cash you need to grow your real estate investment property portfolio: Competitive financing for investors, builders and developers for the acquisition, development, or construction of ground-up properties. > COMPARE LOAN RATES. I have been a hard money lender for more than 15 years. California owner-occupied hard money loans are a great way to finance the property that you live in if you dont qualify for conventional financing. There is a requirement for a lot of equity to make this type of loan work. Protecting your privacy is a priority for us. I would not hesitate to recommend Source Capital for quick Hard Money loans, and I would gladly work with them again. The process is easy, fast, streamlined and transparent. Capital Fund 1 - Texas 2909 . Thank you David! We have no minimum credit score or income requirement. 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. Thank you for the great customer service. We got a second chance! Lenders will either require a 10-15% down payment or will fund the borrower at an After Repair Value of 60-70%. Sacha Ferrandi with Source Capital is GREAT to work with! Pre-Qualification . Last visit: 6/25/18, Youve visited this page 2 times. Everything in the docs were exactly as discussed no hidden fees or clauses. AMI Lenders Inc. Browse HouseCashin's directory of 58 Houston top private and hard money lenders and easily compare loan rates online. Texas; Virginia; Washington; Washington DC; Wisconsin; Loan Programs. Both types of loans are offered by traditional lenders in California, but many borrowers needing an owner-occupied loan dont qualify for conventional loans. I would highly recommend them to anyone seeking financing. Since 2010, weve proudly been an A+ Accredited Business with the Better Business Bureau. Anything else we should know about your loan request? Source Capital is an equity-based, Texas hard money lender committed to making your loan process fast, efficient, and reliable. Recommend him highly! Income and credit were not major factors in the approval. Such as Owner Occupied refinances, cash-outs, Non-Owner Occupied rental loans, blanket and VRBO or Airbnb loans! I called this company already under contract needing help and they closed my loan 7 days later. A licensed general contractor must being doing the work. I highly recommend Sacha and his team!! Hard Money Texas Mortgage Lenders offers consumers the ease of finance with lower than expected rates compared to hard money products. They lack transparency, communication, and normally keep you guessing. Sacha is very professional and great to work with! Hard money lenders make borrowing simple, based on common sense and the merits of the deal. Great team, highly recommend this company. Yes, hard money lenders may pull your credit, but they wont use your credit score against you. We underwrite our loans in-house, cutting time and cost. Texas Hard Money Loan Applicants with fico scores as low as 300! 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. Keep up the good work. At Cogo Capital we are only interested in providing hard money loans for projects that will give you the best opportunity at realizing success. 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. We will get in touch with you as soon as possible. Menu. Non-owner occupied: Loan Amount: $50,000 - $5 million: ARV: 70% (minimum of $75,000) Interest Rates: Starts at 12%: . No matter where you are in the Lone Star State, count on our Texas hard money loans for fast and fair financing. Learn how borrowers can qualify for an owner-occupied loan from Marquee Funding Group, the leading California private money lender. You renovate the property and sell it within six to twelve months.Thats not the case with a primary residence.