Private Mortgages
Private money is sometimes referred to as "hard money". Although we can go higher, usually the lenders don't want to loan more than 70% of the value of the property. The most common uses for private money loans is when the property or borrower does not qualify under normal bank requirements. A lot of the private money lenders are only interested in lending in first position. If you need a second, please contact us. If you would like to lend private money, please contact us.
- 100% of the purchase price. Sometimes more.
- Purchase or Refinance
- No appraisal required.
- Close within a week.
Purchase or Refinance |
Maximum LTV is usually 70% of appraised/assessed value. This could mean 100% of the purchase price. See more 100% programs. |
Construction or Remodel |
Spec lending is a great way to build or fix up a home to sell. You can sometimes get enough to buy and do the repairs. More on construction. |
| Manufactured Home | Most of our private money lenders don’t care if it is manufactured. Usually no restrictions. See our manufactured page for more details. |
Bad Credit |
Credit is only a small factor. Most weight is placed on the value. |
| No Job | you just changed careers or are in between jobs, private money can be the solution. The value of the property is most important. |
