Valor Lending Group is The Best Lender in The Nation. Why do I say this? Because at Valor Lending Group we have pride in lending. We take a personal interest in YOU and your loan scenario, giving you the time and attention to every aspect of your loan. Valor Lending Group provides an automated system that will take you from the initial application, with top communication, monitoring each stage in the loan process. We are with you through the whole journey of this process.
Currently, Hard Money loans are becoming increasingly and more popular among investors. They normally have easier qualifications, quicker close of escrow timelines, and allow you to qualify when conventional financing is not an option.
It is essential to know when hard money is right for your scenario, because, in the right circumstances, it is an indispensable tool for every real estate investor, providing a quick and versatile way to acquire real property promptly.
What is a Hard Money Loan?
A hard money loan is a type of asset-based loan financing through which a borrower receives funds secured by real property. Hard money loans are typically issued by private companies and /or private investors. These loans offer many advantages such as quick closes of escrow, temporary financing to get ownership of the property, a great option for people with less than good credit, and out-of-the-box financing.
Types of Hard Money Loans?
There are many types of hard money loans available for almost every loan scenario
-
- Ground Up Construction
-
- Fix and Flip
-
- 1-4 Unit Residential Purchase
-
- Cash Out Refinance
-
- Commercial
What Are The Rate And Terms of a Hard Money Loan?
Hard money loans have terms that are normally 12-36 months but can be longer. Rates are typically between 7-12% but can vary due to the type of asset, Loan to Value, and use. Mostly with interest-only payments so the monthly payment is low to make sure the payback to the investors. Fees charged on hard money loans will generally include 2-5 origination points but also can vary on a case-by-case basis.
Hard money loans are a powerful tool for real estate investors. They are quick and flexible, providing same-as-cash purchasing power. Hard money loans are also the most viable option for financing renovations or other value add projects. If you would like to discuss your hard money options, please give David Christie today at 520-840-1206.
Whether you are a first-time buyer of a single-family residence, looking for a rental property, or even a large commercial developer, the best lender in the nation, Valor Lending Group has you covered.
What else can Valor Lending Group do for you?
Valor Lending Group is Your One Stop Shop for all of your Lending Needs – No Need to go anywhere else.
-
- Hard Money Loans (20% 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
-
- Farms, Vineyards, Ranches, and Agricultural Properties (25-30% down)
-
- 5% down Jumbo’s 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)
Check out our Google Reviews
Check out Valor’s Mortgage News to learn more!
