Valor Lending Group can help you with a NEW FAST HARD MONEY LOAN TODAY!
Valor Lending Group has had the pleasure of serving individuals Nationwide, including Arizona and California!
Here are just 3 reasons to use hard money if you are looking to build up your real estate portfolio this year. There are many reasons to use hard money for your investment property needs.
Are you looking for:
- Fast loan turn times
- Present a stronger position with your offer
- Sometimes you need to compete against cash buyers
- Have credit history issues
Hard money lending may be a great choice for you or your team.
Typically, lenders look at the creditworthiness and property assets when qualifying a borrower for financing. That can take time and leave you without funding after all is said and done if you do not fit in their qualifications box. That is where hard money lenders look closer at the asset, more so than the borrower’s creditworthiness.
New Fast Hard Money: Advice you can trust
3 reasons to use hard money:
1. FAST TURNAROUND TIME
The application and approval process for a standard bank loan or mortgage lender can be time-consuming and tough.
It involves filling out multi-page forms and submitting supporting documents. Banks get large numbers of loan requests. It can take weeks for a lender to respond or approve them. Therefore, the property you desire might be off the market by then.
On the other hand, applying for hard money loans takes much less time. Pre-approval can occur within minutes of speaking to a lender, and you can get funded within a fraction of the time it can take a bank.
2. STRONGER POSITION WITH YOUR OFFER
If a property is in high demand, the investor that has a hard money loan has the most to offer.
Hard money loans have a quick processing time. With less red tape, there are fewer opportunities to fail with hard money.
Also, if a lender turns the buyer down for a loan, it will ultimately kill the deal. Hard money lenders, however, can provide quick financing when a bank pulls out of a deal so that you can save the deal and buy the property.
3. CREDIT HISTORY VS PROPERTY VALUE
Banks or mortgage Lenders look at your credit scores and income history to decide if they will approve your request.
With a hard money loan, lenders focus more on the value of the property. Not your credit and income. The property becomes the collateral for the loan.
Therefore, you get a loan even if you don’t have the strong credit and income that banks require.
Not sure where to get started with investor financing?
As mentioned earlier, there are three compelling reasons to consider using hard money for your investment property requirements. I trust that this information has been helpful to you.
If you would like to take advantage of our New Fast Hard Money and learn more about if it is the right path forward for you, please call or email me today to discuss your scenario.
Ask yourself, is hard money right for you? If it’s a YES! Call me today!
New Fast Hard Money: Advice you can trust.
Contact me, and I’ll be happy to answer any questions.
Call or email me for immediate attention to your loan scenario!
Valor Lending Group can fund your fast-hard money loan up to $10mm in as little as 7 days, often without an appraisal.
I look forward to an opportunity to demonstrate my prompt and professional service.
Recap of Products
- Hard Money Loans (35% down / minimal documentation) Typically Funded in 7-10 days.
- Stated Income Loans (Great for business owners and self-employed) No tax returns!
- 100% financing is available (we can cross-collateralize other properties if there is enough equity)
- Valor VA Home Loan 100% financing up to $1.5MM
- Rental Property Loan – No tax returns or DTI calculation! Based on the subject property’s cash flow – No DSCR Coverage is needed!
- Flipper & Rehab Loans (Flip a property with one of our many options)
- 2nd Position Loans up to $5mm
- Raw Land & Lot Loans
- Ground-up Construction for spec homes, custom homes, and commercial ground-up.
- Farms, Vineyards, Ranches, and Agricultural Properties (25-30% down)
- 10% down Jumbos, WITH NO MI up to $2MM /10% Down up to $3MM
- Manufactured Housing / Mobile Homes (20% down / 600+ credit score)
- Acreage Properties
- Commercial Loans up to $500mm
- 3% & 5% down Conventional Loans– LPMI (Lender paid mortgage insurance)
- Foreign Nationals Loans (no social security or residency required)
Other Programs we Offer:
- Conventional Conforming Loans
- High Balance Conforming
- FHA, USDA
- Reverse mortgages up to $1 Million in Value
- Cash-Out Refinancing
*Terms and conditions can change daily without notice
We look forward to the opportunity to serve you!
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