We look forward to providing. I would refer Source Capital Funding ,INC with confidenceI will reinvest again.. Phoenix is a great market for me to expand inThanks again!!!! Source Capital follows through on its commitments, is responsive and easy to deal with. Get Funded Today (888) 401-3521 - Hard Money Lenders Texas, Hard Money Loans and Fix and Flip Loans in Texas. 13 months is the median term for loans made in the city. . Contact. Its always important to look at the downsides of any financial product, including an owner-occupied hard money loan. Source Capital clients know they can come to us for the fairest terms and the fastest funding thanks to our immediate, direct access to capital. Sasha and his team are exemplary professionals in an industry that isnt always very customer focused and friendly. Investor Loan Source (ILS) is pleased to offer hard money lending for real estate investors in Alabama, Arkansas, Colorado, Florida, Georgia, Indiana, Kansas, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas, and Virginia. I would recommend them to all my family and friends for any future lending needs. On behalf of my entire family, I would greatly like to extend a very sincere thank you to Sacha, Marie and Ryan and everyone else at Source Capital who may have been instrumental in providing my family and I the perfectly structured loan we could have ever dreamed of. I highly recommend him if you find yourself in need of alternative funding to traditional lending sources. Our commercial hard money loan programs offer 1-to-4-year financing on office, retail, industrial and mixed-use properties and are great for quick closes, cash-outs, buy-outs, and repositioning . Beyond that, deals are examined on a case-by-case basis, so requested documentation can vary but remains uncomplicated. I would recommend and would be happy to come back. We recently closed on a loan with Sacha. What is the remaining 1st mortgage balance? I'd worked with Source Capital Funding a few years ago when I needed a short-term loan for my business. All loans subject to borrowers and underlying collateral meeting First Capital Trust Deeds . (818) 222-5222. simply stayed with me and didn't waver or quit, or even made it seem like that was even a remote thought. What a pleasure to work with them!Great experience! As I expand in the Real Estate Business, I absolutely hope that we can work together on future projects Special recognition to Maria and Ryan Awesome company. Were committed to open conversation and will walk you through every detail of your loan. There are different types to consider, each with unique benefits and profitability. 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. Our list of private money lenders in Texas includes financing for residential, multifamily, and commercial properties. Well process and secure your loan as quickly as possible, even if you have a history of bankruptcy, foreclosure, or poor credit. I would highly recommend Source Capital Funding. Unfortunately, many buyers dont have the time to wait for how long conventional loans take. Marie should be commended for jumping in when needed to send paperwork and docs all over the place; all the while, taking my numerous calls and keeping me in contact with Ryan. Responsive to all inquiries. Our loans typically range from $250k - $5M with 3 to 18 month terms depending on the project. What Qualifies as Owner-Occupied in California? 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. I had a great experience and I am very thankful that I found them!! Source Capital offers hard money loans in Texas for both residential and commercial real estate. Owner-occupied loans, also known as consumer-purpose loans, are offered to finance properties that borrowers intend to occupy as their primary residence. NMLS#1108258. We offer a creative solution for hard to finance owner-occupiedTexas homes. Ask an Expert: 1-888-473-6410 . If I need a loan again I will go through Source Capital Funding. We look forward to many future closings with Sacha and team. Typical lenders need to pour through income statements and credit reports, but as a Texas hard money lender, we can typically approve your loan within 24 hours of receiving your application. Got to have someone like him in your corner. All information subject to change without notice. Our rates start at 7.99%, but depend on a variety of factors, so contact us to see what we can offer you. The entire process from start to finish was smooth and easy. Cheers! Each loan is case by case, however we work with a lot of borrowers that have: poor credit, recent BK, Short Sale or Loan Modification. Let our experience and service help with your goals. Called day one explained my situationThree days later loan approved for amount needed. If you need a quickly approved, short term loan, I would definitely recommend Source Capital Funding, Inc. for your next source of capital! Texas Bad Credit Mortgage LendersApprove You Today-FHA/VA/PRIVATE https://www.fhamortgageprograms.com/texas-low-credit-home-loans-approvals/. I highly recommend Source Capital Funding, Inc. Great experience with two loans. They're a pleasure to work with. Our Texas hard money lending may also be used to fund bridge loans for up to 12 months. Last visit: 6/25/18, Youve visited this page 2 times. After 18 years in Real Estate I can confidently say this was by far the best experience we have had to date. 954-667-9110+Same DAY PRE APPROVALS min 580 FICO+3.5% down!+ALLCREDITWELCOME!++NO. Back to Recently Funded gallery. Why ABL? From the 73301 to the 88595 zip codes, our direct, immediate access to capital can provide you with fast funding for up to 70% of the property value. If you pay the loan off early, you may pay extra. Excellent and fast and easy communication.Their process is very convenient, mostly paperless and a lot can be done fast and remotely. Great team! I have been an investor for over 8 years now with source capital and I find them to be one of the most professional and ethical hard money companies out there! He thinks he is going to get it done some day. Lantzman Lending is a hard money lender and did a loan for the client for $480,000 on a purchase price of $599,000. They have been very helpful and are willing to answer every question that I have. We help borrowers when others cant. The strict documentation required for a chance at approval includes: There used to be more options for borrowers in the form of non-qualified mortgages, but these dried up as a result of COVID-19s effects on the marketplace. Their process is easy and they offer great flexibility. We help investors that are purchasing non-owner occupied single family homes gain funds quickly and with little or no money down. This is a result of the 2008 recession and the Dodd-Frank Wall Street Reform Act, signed in 2010. 8 Things to Know About Owner-Occupied Hard Money Loans, Complete Guide to How Owner-Occupied Private Money Lenders Work, Purchasing or refinancing properties with deferred maintenance or safety issues, Acquiring a second, third, or fourth mortgage, Settling legal, estate, or probate issues, Commercial, construction, industrial, or land. $450K Refinance, Owner Occupied retail building- Roswell, GA; $825K Refinance, Free Standing Warehouse . Ryan and the company in it's entirety are unmatched. This is a first class company. As the direct lender, we are able to close on approved loan requests in as little as 10 business days after receiving all underwriting documents. We can qualify you for a loan even if you just got a job yesterday. We offer up to 70% LTV with interest rates starting at 7.99% and 1.75 lender points with no prepayment penalties. Thank you again for your service! Highly recommend their sevrvices. This is a big difference, especially if youre performing abridge loan for a new home purchase. I will definitely use Sacha for any future loans. Working with Source Capital Funding was a breeze. Use a different loan for repayment such as a loan from the. Source Capital Funding is an amazing company and can close loans quickly! Poor credit, bankruptcy, foreclosure, self-employed and foreign nationals are no problem. Were proud of our reputation as a common sense, no-nonsense private money lender. Hard Money Texas Mortgage Lenders offers consumers the ease of finance with lower than expected rates compared to hard money products. * Please note that ALL loans are secured by real estate only and we do not fund personal loans, car loans or unsecured loans. Yes, in California and Arizona we can offer a primary residence 2nd or 3rd mortgage if it fits within our guidelines. We do fund loans others wont. Since 2010, weve proudly been an A+ Accredited Business with the Better Business Bureau. Typically, if they look at the credit report, its done so for seeing the big picture of the borrowers credit history, however they dont hold a low credit score against them. Sacha committed to doing it. Conventional financing is for 30 years on average, but hard money loans are usually for 6 to 60 months. Investmark Mortgage, LLC is a 3 time award winning hard money lender, with offices in North Texas, Central Texas, and South Texas. This type of loan program, also known as a Bailout Foreclosure Loan, is an additional loan taken out to refinance and pay off the existing mortgage that is in default. Its too bad Google doesn't have 6 stars! RISK FREE CONSULTATION We have the knowledge, capital and flexibility to fund your loan Same Day Underwriting 24 Hour Docs Loans up to 75% LTV Bad Credit - Ok Exclusive Rates from 7.75% Loans from 50k to 25mil Get A Hard Money Quote Today! On a limited basis, Noble Mortgage also funds new construction loans and owner-occupied properties. Showing of hard money lenders #1. Sacha and his team were very professional and helpful. They are a quality group that I recommend to anyone. These guys were very professional, prompt with answers to any of my numerous questions, and very helpful throughout the entire process. https://www.fhamortgageprograms.com/badcredithome-loans/. Great rates too. The equity protects them in case of default and foreclosure if payments are not being made, just like any other mortgage. Hands on, great service, great process, great loan product! Our loans are funded through escrow and the funds are wired directly to you. With our simple process, find out if youre approved in a matter of minutes! The best of the best! In this city, the median amount loaned is $329,044. Exactly like the first go around, they helped me achieve a major milestone in my life in less than 2 weeks! I love my experience with Source Capital. Instead, they require you to put down a large amount when purchasing or have a lot of equity when refinancing.Most private money lenders require 30% 40% equity in the home. Source Capital Funding has my highest recommendation. Please enter an email where we can send your rates. We also offer closing timeframes of five to 21 days and can service loans as small as $150,000 to as large as $5,000,000. Kelli. After reaching out from an online inquiry, David set our expectations for finding a suitable loan product, kept in contact and guided us through the entire loan process. I highly recommend Source Capital and am sure we will work with them again on future projects. We also have a proven track record of success for reliable, direct financing. Our specialty is non-owner occupied residential or commercial property. (Required) A licensed general contractor must being doing the work. We work on a case-by-case basis, ensuring each applicant gets our full attention when determining if we can finance their owner-occupied property. I will definitely do business with them again in future. (email is still better)Marie helped me with anything I needed.Sacha ( the owner) is fortunate to have Marie.I made my last payment yesterday morning.My wife and I own our house free and clear.I sincerely hope, if you need to use your home, to get cash from Source Capital Funding, that your able to make all the payments and get your title back as well.JB. Borrowers enjoy many benefits with a hard money loan on their primary residence that they cant get with conventional financing. Take a look at our customer satisfaction and see why Source Capital goes above and beyond the industry standard of hard money lending. For example, knowing you can close fast can give you the upper hand if youre in a bidding war. 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