Investmark Mortgage, LLC is a 3 time award winning hard money lender, with offices in North Texas, Central Texas, and South Texas. Sacha answered the many questions we had and made our unique situation work out. Sacha was always available by phone and email to answer any questions we had and walk us through the process. Thank you all at Source Capitol! Always quick to return calls and respond to emails, Ryan and Marie helped make this loan go through smoothly and efficiently. Some private lenders extend the terms once theballoonis due, but there is no guarantee and they may charge you a small fee for this. . Eleven years ago we were fortunate enough to find Source Capital through a friend at our club. I recommend them to anyone who needs extra help getting home financing. I highly recommend Sacha and his team!! The qualifications are much easier than those of a bank loan. Ask an Expert: 1-888-473-6410 . While traditional lenders can provide these types of loans, the requirements are often too strict and unforgiving. As a new business owner or homeowner, interest-only payments can be a big help. Typically prepayment penalties are for 6 to 12 months, but every lender differs. We were successful and this borrower qualified for a 30 year loan from a private 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. Specialists in hard money home loans for borrowers that need fast cash. Will definitely recommend. IMPRESSIVE! What is an Equity Line of Credit? With fix-and-flip properties, the exit strategy is simple. 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. Sacha Marie & ken are the best..most efficient and very pro active team.. the source capital funding app is one of the greatest app.. Get Funded Today (888) 401-3521 - Hard Money Lenders Texas, Hard Money Loans and Fix and Flip Loans in Texas. Call now 713-784-7676 Independent Lendingfunded a $110,000 Owner-Occupied Hard Money Loan for business purpose in Stockton, California. Ryan was an absolute pleasure to deal with right from the start. Source Capital Funding is an amazing company and can close loans quickly! Sacha and Marie didn't disappoint as everything was super smooth and funded in less than 2 weeks! He spelled out the terms and what was required. Source Capital follows through on its commitments, is responsive and easy to deal with. 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! We look forward to use source capital in the future! Houston hard money loans and Texas hard money lender, no credit or income check. Sacha and his team were dedicated and incredibly helpful through the entire process. It is the property location you call home and live in the majority of the time. I highly recommend Source Capital and am sure we will work with them again on future projects. Until the mandatory waiting time for your bad credit elapses, owner-occupied hard money . We underwrite our loans in-house, sparing you any middle man, excessive paperwork, or administrative hurdle. https://www.fhamortgageprograms.com/texas-low-credit-home-loans-approvals/. 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. www.Fhamortgageprograms.comAll information subject to change without notice. i was referred by a trusted business colleague and my particular experience from the outset was extremely fruitful and exceeded my expectations. For the last 10 years I work exclusively with source capital.Extraordinary due diligence unbelievable track record of success. There is no second choice or backup! It was nothing short of amazing. Good communication. 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! 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. 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 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. Noble's hard money loan programs typically close within 10 business days. The team will want to see a short submission story and the property address. The staff is helpful through the process. Back to Recently Funded gallery. On this program, we do: 80% to a loan amount of $1,500,000. Just look at our 5-star rating on Yelp and Google. Arizona Tel: (623) 582-4444. If you want to get a deal accomplished, they are the ones to work withChris P.San Antonio, Texas. 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. 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. Sacha committed to doing it. Googles #1 Reviewed and Rated Hard Money Lender. Got to have someone like him in your corner. Marquee Funding Group offers owner-occupied second mortgage hard money loans for business or consumer purposes. This was my 2nd transaction with Sacha and his team. 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. She is definitely the glue in the Source Capital office. Call us today at 409-735-6267 to start growing your investment . On a limited basis, Noble Mortgage also funds new construction loans and owner-occupied properties. Alternative lending has so much more flexibility and speed than conventional lending does. 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. We recently closed on a loan with Sacha. 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. You dont need a 680+ credit score or anything close to it. These loans offer lower interest rates than hard money private lenders. Worked with Sacha and Source Capital Funding twice now. Were committed to offering the best possible terms, no matter what. Thanks Ryan for everything you did for me. The entire process from start to finish was smooth and easy. I will highly recommend source capital to any investor that is intrested in getting a loan. Last visit: 6/25/18, Youve visited this page 2 times. Hard Money Texas Mortgage Lenders offers consumers the ease of finance with lower than expected rates compared to hard money products. He gave me some very thoughtful and useful advice. The process is common-sense driven, and we strive to make those unique deals possible for borrowers when banks have determined they are too complicated. Sacha and Marie have always been super professional and easy to work w/ which always makes each experience just that much smoother! Source Capital Funding, Inc. - Direct Hard Money Lender. I cannot thank them enough and have referred every family member, co-worker and professionals with clients in need. Why would anyone want to go anywhere else? (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. Owner-occupied hard money loans are also considered Principle Residence Loans, alternative financing, and private money loans. Use a different loan for repayment such as a loan from the. Sasha was very patient and helpful with everything. The Founder of Source Capital grew up in Americas finest city San Diegoandhas helped hundreds of borrowers, real estate professionals and mortgage brokers to secure the financing they need toachievetheir financial goals with our San Diego and Los Angeles hard money loans. Home; About. It stands to reason that you can claim only one home as your main residence. An owner-occupied hard money loan offers borrowers many finance options. Our rates start at 7.99%, but depend on a variety of factors, so contact us to see what we can offer you. Please enter an email where we can send your rates. There also are owner-occupied business loans, where you use the loan to improve or expand your business. What is the remaining balance on the 2nd mortgage? Check out the other reviews and find out how good they really are. They wont turn you down if you have bad credit scores, though.Unlike conventional loans that require 680+ credit scores and only offer the most competitive rates to those with perfect credit, hard money loans are a good alternative for investors and business owners withpoor to average credit. Owner-Occupied Hard Money Loans An owner-occupied hard money loan offers borrowers many finance options. I would recommend them to all my family and friends for any future lending needs. 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. Hard Money Texas Mortgage Lenders offers consumers the ease of finance with lower than expected rates compared to hard money products. Thank you David! Low Rates From The Best Hard Money Private Lender, Rates from 5.99%. All those, that I have spoken and worked with make the experience better then good. 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. The call is free and the quote is free, so what do you have to lose? He answered any and all questions professionally and with great kindness. Kudos to Ryan Burns and Marie Gleason for their hard work!! If you apply online, you can expect to hear back from us within 24 hours after receiving your receipt, but if you give us a call, we can have your loan approved in a matter of minutes. Texas; Virginia; Washington; Washington DC; Wisconsin; Loan Programs. Regardless of whether you have an existing loan or own the property free and clear, you'll apply for a hard money loan based on the price of the property. I would highly recommend Source Capital Funding. However Sacha and Source Capital Funding made the entire dance easy. I wish I had found them sooner. Poor credit, bankruptcy, foreclosure, self-employed and foreign nationals are no problem. These are the best ones. 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. (818) 222-5222. I have been a builder and investor for over 40 years and appreciate the attention to detail this team offered. Our specialty is non-owner occupied residential or commercial property. Ryan and the company in it's entirety are unmatched. Make sure you have a solid plan if you are seeking long-term financing. All you need is a minimal amount of information and a business goal, and we can do the rest. 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. He was so helpful to me on Refinancing my property. Thank you Source Capital and happy holidays to you all.Best regards,The Smith Family. Our Texas hard money lending may also be used to fund bridge loans for up to 12 months. 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. Rates compared to hard money loans are also considered Principle Residence loans, where use... Can close loans quickly and a business goal, and we can send your.! Loans offer lower interest rates than hard money Texas Mortgage lenders offers consumers the of. You are seeking long-term financing i have spoken and worked with sacha Marie... 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