I am looking for a Hard Money Lender in GA?? that will go upto 75%ltv?

Question

Any Idea's HElp

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I am a broker looking for a lender. I have some hard money investors that will go up to 70% ltv but I am having trouble finding someone to go to 75% in GA.
480 fico, full doc, SFR o/o, any one have a idea who I can use?

Answer 1

beep beep

Answer 2

There are several lenders that will do the type loan you are seeking.

Now my question to you is are you looking for a loan as agent or are you looking for a loan as an individual?

It appears as if you are looking for a wholesale lender so you can place a loan to a direct lender.

I will email you a few lenders that I use for sub prime lending who will give you better rates than a hard money lender

If you are looking for someone to do a personal loan for you then just call a mortgage broker from your telephone book. When you talk to the mortgage broker make sure he does sup-prime loans.

Before you call him make sure you have the following items available.

#1 Two years of federal income taxes as well as the matching W-2s

#2 One month of pay stubs for the job you are working

#3 Six months of bank statements for all the banks you conduct business with and any 401k plan you are in at your job.

He will need additional items but this is a very good start.

I hope this has been of some use to you, good luck.

"FIGHT ON"

Answer 3

don't you have a Realtor? what you seem to be saying is that you will put 25% down. heck! on lived in, residential property, that is one heck of a great down payment! there are thousands of mortgage lenders out there that will compete to take that loan.

do yourself a favor: put these words into a search engine: "mortgage lenders competitive rates" (for your geographical area, name it), then do another one for "current mortgage interest rates." look at them for those that all charge 0 points for a 30 year fixed rate term. then determine what is the average interest rate. you can't go wrong with using lenders that are competitive and have made many loans in your area.

beware, however: things that seem too good to be true...usually ARE. if you find a lender that does not charge points and the interest rate is between 1/4 to 1/2 a percent LOWER than the mean, then watch out. sure, you can get such a mortgage, but be prepared to come up with 10 years worth of leases, all bank records for 10 years, names and phone numbers of each landlord in the past 10 years, all on 3 days before closing! and why is that? because, they want to charge you more interest, or else points!

Answer 4

confident, this is a danger. once you're attempting to purchase and swap homes in some state of foreclosure (might I advise pre-foreclosure). opportunities are high you will ought to apply a tricky funds/fairness lender because of the fact classic lenders won't very own loan funds to homes that have that kind of lien---it does not have marketable identify. additionally, lenders are no longer exciting in possessing real property-they are the lending corporation. difficult funds lenders costs larger costs of activity because of the upward thrust at risk. I advise you get to renowned some investors (seek for any real property investors' golf equipment on your section) and private lenders to back you up. it would desire to be a solid concept to settlement your first deal so which you're making an undemanding few grand. (make beneficial the settlement is assignable). once you sign the settlement at lets say $ninety,000 (and the industry value is $a hundred and forty,000) sell it to an investor by settlement turn for $a hundred and twenty,000. i do no longer care in the experience that your difficult funds lender became charging 30%- you on no account had to pay a dime out of your pocket-maybe purely an earnest funds depo.

Answer 5

I have a voicemail out to CNG Capital for you and hope to know tomorrow; I will email you.