RESIDENTIAL LENDING INFORMATION
Hard Money | Equity Based | Asset Based | Private Money | Conventional
STATED INCOME LOANS
All Residential Property Types. Rates from the low 5%!
F1 PRIVATE MORTGAGE BANKING offers borrowers low rate stated income loans. Rates starting in the low 5% range, 60% LTV max, with loan amounts up to $3M...hihger case by case (California Only)!
We have established relationships with non-traditional banking institutions who offer consumers alternative ways to qualify for home loans including stated income, no ratio (Northern California) and no income programs (east coast only). Read More > or Contact Us >
HARD/PRIVATE MONEY LOANS
All Residential Property Types. Rates at 7.99%!
Hard Residential private money loans are always in high demand and the rules and regulations with primary residences can be a bit stringent. Loans up 70% loan-to-value (LTV) are common for borrowers with little to no credit provided income and equity are sufficient (on primary residences). Non-owner occupied residential loans are a bit easier to fund and typically can see funding up to 70% LTV. You can help us understand more about your needs by contacting us or submitting an Executive Summary.
Residential Program Highlights
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Interest Only
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Rates typically 9 to 12% (as low as 7.99% case by case)
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6 Month to 30 Year Terms
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2/28, 3/27, 5/1, 7/1 ARM Programs Available
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No Pre-Payment Penalty Available
- Fast Closing!!!
LAND LOANS
Land can be very tough to finance especially today. There are many developers and land owners that are looking to pull the accumulated equity out of their vacant land in urban and rural areas. While urban land is becoming increasingly difficult to finance, loans are still possible. Urban land parcels are easier to determine value on and are therefore easier to find financing for. Typical loans on vacant land can go up to 35% and in some cases 50% LTV. You can help us understand more about your needs by contacting us or submitting an Executive Summary.
Land Loan Program Highlights
We can help save your home!
Many times we get calls from people who are searching around on line or in the phone book for hard money lenders, but they are really not sure if a private money lender can help their situation. As many of our clients know, today's lending marketplace is undergoing dramatic changes every week. Sub-prime lenders are closing their doors as too many of the loans they originated are not performing any more. In these cases, private money may not be the right avenue to pursue. If there has been a Notice of Default filed against your primary residence, our private money investors will not currently lend on the property. Many times, we cannot help place financing when an NOD has been filed no matter what type of property it is. In any event, calling our office for a quick consultation is the best solution.
Loan Profiles
Property Types |
Owner Occ and Non-Owner Occ, 1 to 4 unit residential |
Geography |
USA Nationwide, but prefer Western States (STATED CA ONLY) |
Loan Size |
$50,000 minimum to $10,000,000 |
Security |
First and/or second mortgages |
Funding Time |
Two weeks or less. As fast as 48 hours under emergency circumstances with proper documentation. |
Borrower Profile |
Prefer non-owner, entrepreneurial, hands-on leasing and management, proven experience, local market presence, credit-worthiness. |
Leverage/Equity |
Loans to 70% LTV (Higher LTV considered on purchase transactions and special circumstances.) |
Loan fees |
2 to 6 points depending upon type of deal and term |
Rates |
Short term fixed or adjustable rates. (9% to 12%...low as 7.99%) |
Terms |
6mo to 10yrs |
Amortization |
Interest only & Amoritized |
Recourse |
Depends on deal specifics |
Prepayment |
Typically no prepayment penalty |
Call call-1-888-814-8406, info@finance1online.comor click here for more information and to discuss your business needs.
Programs & rates change daily and without notice. This is not an offer to lend. Call for details. |
