What about Hard Money Loans | Valor Lending Group
Would you like to learn about Hard Money Loans?
Is Hard Money the right loan for you?
Valor Lending Group is ready to hit your next hard money loan outta the park!
We have helped thousands with Hard Money Loans.
We are here to help you decide if hard money is the right loan for you to choose. Below are some reasons why you may want to use hard money. I will be standing by to answer any questions or concerns you may have. I look forward to making you dreams come true!
Why use Hard Money?
Here are just a few 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 whether you are looking for fast turn times, present a stronger position with your offer or have credit history issues, hard money lending may be a great choice for you or your team. Sometimes you need to compete against cash buyers or have had credit issues in the past.
Typically, lenders look at the creditworthiness and property asset when qualifying a borrower for financing. That can take time and also leave you without financing after all is said and done if you do not fit in their box of qualifications. That is where hard money cones in hard money lenders look closer at the asset more so than the creditworthiness of the borrower.
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. With the number of requests banks get, it can take weeks for a lender to respond or approve them, and the property you want 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. Since hard money loans have a faster processing time and 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
When you want a loan from a bank or mortgage lender, they 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, instead of looking at credit and income. The property becomes collateral for the loan, in case you default.
This allows you to get a loan even if you don’t have the strong credit and income that banks require.
HAPPY INVESTING!
Not sure where to get started with investor financing?
These were 3 reasons to use hard money for your investment property needs. I hope you found this informational. If your would like to know more of what we can do for you, please email me
Call or email me for immediate attention to your scenario!
Valor Lending Group can fund your fast-hard money loan up to $10mm in as little as 7 days often without an appraisal.
Learn about our new hard money loans today.
Check out more information on our programs CLICK HERE and please do not hesitate to call on me for any scenarios.
I look forward to an opportunity to demonstrate my prompt and professional service.
Recap of our Loan Products
- Hard Money Loans (20% down / minimal documentation) Typically Fund 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 subject property cash flow – No DSCR Coverage 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 Jumbo’s up to $1.5mm
- 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)
We Also Offer:
- Conventional Conforming Loans
- High Balance Conforming
- Jumbo Loan Financing | 10% down Jumbo to $1.5mm
- FHA, USDA
- Reverse mortgages up to $1 Million Value
- Cash Out Refinancing
VALOR LENDING GROUP OFFER EVERY MORTGAGE LOAN IN THE BOOK
We look forward to the opportunity to serve you!
CONTACT ME TODAY for immediate attention to your scenario!
**Rates and terms subject to change without notice**
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