For anyone who is just shy of qualifying for conventional “A-paper” real estate loans, our unique Alt-A Hard Money program is here! Below are the key qualifications:
– Good credit (640 and up)
– Lower rates from 6% – 8%!
– Property in good condition, in nice location
– Loan To Value 65% or under
Our Latest Alt-A Loan Of The Week:
Homeowner looking to pull $350,000 out of a property in Sonoma County, which she owned free & clear. Very good FICO score, nice location and property in good condition but Owner had an IRS lien and difficult-to-prove-income situation so was unable to get financing elsewhere.
With just 29% LTV, we had her loan approved and funded within just 1 week and for less than 7% interest only Hard Money rate!
If you have any questions or scenarios for us to review, call 707-523-2099. We will let you know quickly what we can do for you!