We have no minimum credit score or income requirement. We were very pleased with the service we received from Source Capital. And if they need to get a second mortgage to gain access to precious equity, it can be a life-changing way to get their lives back on track by redeeming their credit and cracking down on old debts. Were very satisfied with Source Capital Funding. A simple valuation was completed and documents were underwritten. From fix-and-flip residential homes to multi-unit commercial complexes, our hard money loans can finance up to 70% of the property value. The goal is to offer California borrowers a valuable alternative to institutional financing. Thanks again guys. We look forward to many future closings with Sacha and team. 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. Our Texas hard money lending may also be used to fund bridge loans for up to 12 months. They are fast and efficient and they have the best rates!!! Income and credit were not major factors in the approval. Home. How It Works. Typically, they offer borrowers short-term funds for time-sensitive projects such as real estate investments or house flipping. Copyright - Source Capital Funding, Inc. Both types of loans are offered by traditional lenders in California, but many borrowers needing an owner-occupied loan dont qualify for conventional loans. Personally & Professionally, look no further- Source Capital Funding is your go to. I have been in the mortgage business for 24 years and no one does it as well as Source Capital Funding. This means we can close quickly and hassle-free. Equity means the amount of value you as the homeowner owns outright on a property. We were able to fund her business purpose loan in 2 weeks. Why ABL? 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. Texas; Utah; Virginia; Vermont . ATexasBad right for you.Texas BAD CREDIT MORTGAGE LENDERSPROGRAMS INCLUDE: . Let our experience and service help with your goals. When life seemed so dark, with a deadline they helped save us. No BS, very upfront about the deal and NOTHING changed in the deal. Residential Hard money closes quickly (in as few as 3 or 4 days depending on the circumstances). Cheers! , not on how much money you make. Whether you are looking to purchase, renovate, expand, or make improvements on one or more owner-occupied properties, you need ample financing. Securing aTexasLow Credithome loanapplicants with less-than a 640 qualifyingBad Creditscore OR a recentbad, HoustonTexasFHAMortgage Lenders-CALLNOW! I would totally recommend Source Capital to anyone with looking for a hard money loan. With our simple process, find out if youre approved in a matter of minutes! Tennessee Texas Utah Virginia Washington Washington DC West Virginia Wisconsin Step 1 of 3 33% Please answer a few questions to see if your loan scenario is eligible for one of our hard money loan programs, or our landlord 30 year program. Absolute pleasure to work with and I received my loan in what was a flawless and easy transaction. I highly recommend Source Capital Funding. Call Us Now! I highly recommend, I have always had a highly professional and honest experience with everyone on their team and would recommend to anyone looking for financing., They arealways so patient, helpful, and professional. Thanks! He made himself available 24/7 and made sure we were comfortable with every aspect of getting our loan. loan was funded in 8 days. His calm and intellect in the face of everything that was thrown at him was impressive and made the experience smoother than it ever should have been. We remove the middle man and underwrite our own loans in house, sparing you the time and expense of going through someone else. We uploaded the documentation required that same day. Highly recommended. Thank you David! Sacha committed to doing it. Plus, borrowers can acquire a loan by negotiating terms directly with the lender rather than adhering to strict credit and income requirements. Kelli. 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. Ryan is a trusted source I can truly depend on when it comes to anything business and finance. Easy working with them, very fast and to the point and very cooperative, they help you every step of the way. They are a pleasure to work with Strongly Recommended., San Diego and Los Angeles hard money loans. Call Toll Free: 1.800.315.0043 / Local: 949.830.3151 or click the Contact Us button to fill out our secure web form for a call back. We also have a proven track record of success for reliable, direct financing. I call Source Capital Funding and talk to Mr. Ryan Burns. Minimum loan amount is $20,000. I appreciate all the work involved in putting together this loan. First, and probably most important, bad credit is okay! 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. Have a Question? 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'm a private money broker and being in the middle can prove to be real challenge. From residential to commercial real estate, we fund hard money loans. . I went to banks, mortgage lenders but know one wanted to help me. Whether buying arental propertyin California or pulling cash out to expand your business, owner-occupied hard money loans can help you reach your goals.Understanding how an owner-occupied hard money loan works and who it works best for is important before choosing your financing option.An owner-occupied hard money loan is a short-term loan on a primary residence that helps borrowers who otherwise wouldnt qualify for conventional financing. A pleasure working with Marie. He answered any and all questions professionally and with great kindness. I have been a hard money lender for more than 15 years. I would not hesitate to recommend Source Capital for quick Hard Money loans, and I would gladly work with them again. Independent Lendingfunded a $110,000 Owner-Occupied Hard Money Loan for business purpose in Stockton, California. If you pay the loan off early, you may pay extra. She is definitely the glue in the Source Capital office. For these borrowers, an owner-occupied hard money loan can be the answer. Ask an Expert: 1-888-473-6410 . I'd worked with Source Capital Funding a few years ago when I needed a short-term loan for my business. This is a big difference, especially if youre performing abridge loan for a new home purchase. I have done a few loans with Source One and the experience has always been smooth. 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. Simply fill out our online application, send us an email, or give us a call to apply for Texas hard money lending. Home sales can go fast and require a down payment immediately. They have been very helpful and are willing to answer every question that I have. I've been investing with Source Capital for over 10 years and have nothing but good things to say about everyone there - Sacha, Ryan and Marie. Showing of hard money lenders #1. Always read the fine print to determine what it would cost if you were to pay the loan off early. Contact us today to see how we can help with your unique financing needs. Entities with viable investment projects that fit within our lending parameters will be considered for a loan. I would recommend and would be happy to come back. Ryan and the whole team at source capital came through for me and my family. Its quick, easy, and takes under 10 minutes to complete. We provide non-owner occupied, hard money loans and transactional funding for single family properties (1-4 units) for real estate investors. I highly recommend Source Capital Funding, Inc. Great experience with two loans. Googles #1 Reviewed and Rated Hard Money Lender. (Required) Pay interest only on funds used. 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! The process is easy, fast, streamlined and transparent. At HML Solutions, we specialize in providing residential owner-occupied property loans tailored to the needs of our clients. Owner-Occupied Hard Money Loans An owner-occupied hard money loan offers borrowers many finance options. They are a great group who are fast and friendly and understand your needs. 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! 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. Find Best Private & Hard Money Lenders in Houston Texas. Texas Hard Money Loan Applicants with fico scores as low as 300! Source Capital is by far the best non-prime lender around (and I used to be a mortgage broker). Marquee is one of the only California hard money lenders offering borrowers owner-occupied consumer-purpose loans in addition to business-purpose loans. 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. Sacha was quick and efficient and I look forward to working together again. 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. Get to know Ryan and Sasha, partners, exceptional quality people of faith.My wife was a CFO and a forensic auditor. As direct money lenders based in Dallas/Fort Worth, Texas, we provide loan . FHA mortgage lender. Take a look at our customer satisfaction and see why Source Capital goes above and beyond the industry standard of hard money lending. Efficient and easy to work with. I had a great experience and I am very thankful that I found them!! The staff is helpful through the process. About. They were so easy, quick & professional. This was our first time using a hard money loan and Sasha walked us through everything and didnt hesitate to answer all of our questions. One example of Business Purpose is obtaining a cash out refinance on your primary residence for cash injection into your currently active small business. What is an Equity Line of Credit? At Independent Lending, we give every loan request the respect it deserves. This lender is amazing. My loan was not your typical situation and was fraught with hiccups. 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. Can I get a primary residence 2nd or 3rd mortgage? For example, knowing you can close fast can give you the upper hand if youre in a bidding war. Its fast, easy and best of all- no paperwork! Hard money lenders calculate your loan by dividing the amount borrowed by the value of your property. Our clients back our reputation as an industry-leading hard money lender. I have a low interest rate on my 1st mortgage. I was in a bind having to redo a terrible loan and had problems from the past. Source Capital offers hard money loans in Texas for both residential and commercial real estate. Sacha and his team are superior in this industry and break the traditional rules. Residential Hard Money Loans: 1-4 Unit Residential Properties including Condos, townhouses, apartment homes, and other unique properties. Hard Money Lender. Anything else we should know about your loan request? Thank you all at Source Capitol! 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. I have invested with Source Capital Funding for fourteen years. The call is free and the quote is free, so what do you have to lose? We look forward to providing. Find hard money loans, read about lenders, search reviews, and more. These loans offer lower interest rates than hard money private lenders. I worked with some high quality individuals. I recommend highly. Well work with you directly, ensuring you get the fairest terms and fastest funding with hard money in Texas. Owner occupancy simply means a borrower will use a property as their primary home. Their guidance and assistance is Epic. Thanks for your help. Some private lenders extend the terms once theballoonis due, but there is no guarantee and they may charge you a small fee for this. Ryan, Sacha and Marie are professional, knowledgeable and helpful. Just fill out our online application, send us an email, or give us a call. Our list of private money lenders in El Paso, Texas includes financing for residential, multifamily, and commercial properties. I highly recommend Sacha and his team!! 8203 . The portal is clean and easy to use for the borrower and the process was like clock work. Source Capital is a premier hard money lender in California, Arizona, and Minnesota, but we specialize in direct hard money loans in Texas. We got a second chance! We do fund loans others wont. Understanding how an owner-occupied hard money loan works and who it works best for is important before choosing your financing option. While hard money loans are simple, straightforward, and quick, conventional mortgages from banks have many more requirements. Hard money lenders use the property equity as the primary deciding factor for approval. I would not hesitate to recommend Source Capital to anyone needing fast financing for their real estate transactions. Source Capital is a premier hard money lender in Texas servicing the entire Lone Star State. The 5-Star review was absolutely earned by both Ryan and Marie as they were knowledgeable, attentive, and quick to respond especially when I needed it most!!! On this program, we do: 80% to a loan amount of $1,500,000. UPDATE: three years later and we hav once again worked with Source Capital Funding. What are the most typical type of borrower that can get approved for a primary residence loan? The whole process went smoothly from start to finish. They kept me very well informed and stayed on top of the process from start to finish. 14285 Midway Rd #345 Dallas, Texas 75001. We can qualify you for a loan even if you just got a job yesterday. Renting out properties typically carries more risks to traditional lenders, which is why they seek this information. These are the best ones. They lack transparency, communication, and normally keep you guessing. * Please note that ALL loans are secured by real estate only and we do not fund personal loans, car loans or unsecured loans. This is a first class company. Menu. 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. Do not hesitate to give them a shot. The entire process from start to finish was smooth and easy. 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. Lantzman Lending is a hard money lender and did a loan for the client for $480,000 on a purchase price of $599,000. It would be hard to find a more genuine, trustworthy person than Ryan. Sometimes you just need to close on a mortgage loan fast, and its possible with hard money loans. 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