Bad Credit Home Loan Mortgage Program with Poor Credit

Bad Credit Home Loan Mortgage

We offer Owner & Non Owner Occupied stated income, stated asset equity-based 1st & 2nd / Second Position loans to borrowers who can’t qualify for a bank loan or who simply need capital quickly. We care more about Equity in the property, borrowers Ability to make payments & theirs Exit plan to repay the loan. We won't waste your time. If we can't help you, we'll refer you to a private lender who may.

Private Hard Money Loans & Financing are available for all Residential properties 1-4 unit (Owner Occupied and Non-Owner Occupied - Business Purpose Loans Only) and Commercial properties.

Private Money Lenders & Investors Fund Loans based on Equity in the Property and have Simple Loan Guidelines & Requirements.

We Provide Stated Income Residential & Commercial Private Hard Money Loans for 1st & 2nd/Second Lien Mortgage in the Riverside, San Bernardino, Inland Empire, Los Angeles, Orange County, San Diego County, Fresno, Bakersfield, San Francisco , San Jose, and all of California.

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Subprime Bad Credit Loan Mortgage for Owner Occupied

A subprime mortgage is a type of loan granted to borrowers with poor credit histories, due to which they would not be able to qualify for conventional mortgages. Because subprime borrowers present a higher risk for lenders, subprime mortgages charge interest rates above the prime lending rate. A subprime mortgage carries an interest rate higher than the rates of prime mortgages. Prime mortgage interest rates are the rates at which banks and other mortgage lenders may lend money to customers with the best credit histories.

There are several different kinds of subprime mortgage structures available. The most common is the adjustable rate mortgage (ARM), which initially charges a fixed interest rate, and then convert to a floating rate based on an index such as LIBOR, plus a margin. The better known types of ARMs include 3/27 and 2/28 ARMs.

We offer subprime mortgage loans for owner occupied and non owner occupied properties.

Hard money loans and Subprime mortgage for owner occupied homes are still subject to federal regulations such as Dodd-Frank which require the borrower to verify their income. Income verification is usually accomplished by providing the lender with paystubs, W2s or tax returns. The borrower is also required to keep their debt to income (DTI) under a certain ratio. The borrower’s existing debts including other mortgages, car payments, credit card payments and other debts will be considered in the ratio as well as the new proposed mortgage obligations (mortgage payment, taxes and insurance).

Bad Credit Home Loan Second 2nd Mortgage for Owner Occupied

A Second Mortgage Position is a 2nd Lien on the property. Called lien holders positioning the 2nd mortgage falls behind the 1st mortgage. When refinancing if the borrower wants to refinance the 1st mortgage and keep the 2nd mortgage, the homeowner has to request a subordination from the 2nd lender to let the new 1st lender step into the first lien holder position.

A Second Mortgage can be structured as a fixed amount to be paid off in a specific time, called home equity term. They can also be structured like a credit card giving the borrower the option to make a payment less than the interest charged each month.

2nd mortgages are riskier for lenders and thus generally come with a higher interest rate than first mortgages. This is due if the loan goes into default, the first mortgage gets paid off first before the second mortgage. Commercial loans can have multiple loans as long as the equity supports it. Due to lender guidelines, it is rare for conventional loans for a property having a 3rd or 4th mortgage.

Stated Income Bad Credit Home Loan Program for Owner Occupied

Hard money lenders & Investors also provide Stated Income Loans. Stated income loans allow borrowers to simply state their monthly income on a mortgage application instead of verifying the actual amount by furnishing pay stubs or tax returns. Stated income mortgage loan are mostly used by self employed borrowers. In some cases lender would ask for bank statements to support the stated income.

A SIVA loan, or stated income/verified asset loan, allows you to state your monthly gross income on the loan application and requires you to verify your assets by furnishing bank statements or a similar asset document.

A SISA loan, or state income/stated asset loan, allows you to state both your monthly gross income and your assets on your mortgage application. So in this case, both items are simply stated, and the bank or lender will not ask you to verify the information. Stated Income loan lenders are mostly used by self employed borrower or for business purpose loans. We also have access to Stated Income Commercial Loans and Lenders in California.

Hard Money Bad Credit Home Loans for Owner Occupied

What is Hard Money or Private Money Loans? How to Get Hard Money Loans?

A Hard Money Loans is a specific type of asset-based loan financing through which a borrower receives funds secured by the value of a parcel of real estate. Hard money loans are typically issued by private investors or companies. Interest rates are typically higher than conventional commercial or residential property loans because of the higher risk taken by the lender. Most hard money loans are used for projects lasting from a few months to a few years.

Private Money Loans is commonly used term in banking and finance. It refers to lending money to a company or individual by a private individual or organization. While banks are traditional sources of financing for real estate, and other purposes, private money is offered by individuals or organizations and may have non traditional qualifying guidelines. There are higher risks associated with private lending for both the lender and borrowers.

Hard money lenders & Investors are lending companies, or individuals, offering a specialized type of collateral backed loan. Private Hard Money Lenders tend to lend short-term loans (also called bridge loans) that provide funding and or cash, based on the value of the collateral. Hard money lenders and Investors can and will utilize all types of collateral- residential properties, commercial properties, vacant land, vehicles, etc. to complete the loan. Hard money lenders tend to focus on the value of the collateral and sometimes borrower's ability to repay the loan, FICO score, debt to income balance; instead of based on their own personal income or other assets, as is common with traditional conventional lenders. Hard money lenders typically charge much higher interest rates and fees than banks because they fund deals that do not conform to bank standards such as verification of borrower's income, assets, or credit score.

We also provide Equity Based Commercial loans & financing for Owner & Non Owner Occupied properties. We also have stated income, No income commercial loan programs. A Commercial loan is a mortgage loan secured by commercial property, such as an office building, mixed use property, commercial buildings, shopping center, industrial warehouse, or apartment complex. The proceeds from a commercial mortgage are typically used to acquire, refinance, rehab or redevelop commercial property.

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We provide Bad Credit private hard money loans, Residential & Commercial Hard Money Loans, Vacant Land Loans in the city of Banning, Beaumont, Blythe, Calimesa, Canyon Lake, Coachella, Corona, Desert Hot Springs, Eastvale, Hemet, Indian Wells, Indio, Jurupa Valley, Lake Elsinore, La Quinta, Menifee, Moreno Valley, Murrieta, Norco, Palm Desert, Palm Springs, Perris, Rancho Mirage, San Jacinto, Temecula, Wildomar,Adelanto, Apple Valley, Barstow, Big Bear Lake, Chino, Chino Hills, Colton, Crestline, Fontana, Grand Terrace, Hesperia, Highland, Joshua Tree, Lake Arrowhead, Loma Linda, Lucerne Valley, Montclair, Needles, Ontario, Rancho Cucamonga, Redlands, Rialto, Running Springs, Twentynine Palms, Upland, Victorville, Wrightwood, Yermo, Yucaipa, Yucca Valley, Aliso Viejo, Anaheim, Brea, Buena Park, Costa Mesa, Cypress, Dana Point, Fountain Valley, Fullerton, Garden Grove, Huntington Beach, Irvine, La Habra, La Palma, Laguna Beach, Laguna Hills, Laguna Niguel, Laguna Woods, Lake Forest, Los Alamitos, Mission Viejo, Newport Beach, Orange, Placentia, Rancho Santa Margarita, San Clemente, San Juan Capistrano, Santa Ana, Seal Beach, Stanton, Tustin, Villa Park, Westminster, Yorba Linda, Agoura Hills, Alhambra, Arcadia, Artesia, Azusa, Baldwin Park, Bell, Bell Gardens, Bellflower, Beverly Hills, Bradbury, Burbank, CalabasCarson, Cerritos, Claremont, Commerce, Compton, Covina, Cudahy, Culver City, Diamond Bar, Downey, Duarte, El Monte, El Segundo, Gardena, Glendale, Glendora, Hawaiian Gardens, Hawthorne, Hermosa Beach, Hidden Hills, Huntington Park, Industry, Inglewood, Irwindale, La Canada-Flintridge, La Habra Heights, La Mirada, La Puente, La Verne, Lakewood, Lancaster, Lawndale, Lomita, Long Beach, Los Angeles, Lynwood, Malibu, Manhattan Beach, Maywood, Monrovia, Montebello, Monterey Park, Norwalk, Palmdale, Palos Verdes Estates, Paramount, Pasadena, Pico Rivera, Pomona, Rancho Palos Verdes, Redondo Beach, Rolling Hills, Rolling Hills Estates, Rosemead, San Dimas, San Fernando, San Gabriel, San Marino, Santa Clarita, Santa Fe Springs, Santa Monica, Sierra Madre, Signal Hill, South El Monte, South Gate, South Pasadena, Temple City, Torrance, Vernon, Walnut, West Covina, West Hollywood, Westlake Village, Whittier, San Diego, Chula Vista, Oceanside, Escondido, Carlsbad, El Cajon, Vista, San Marcos, Encinitas, National City, La Mesa, La Jolla, Fresno.

We also provide Bad Credit loans & Financing for the following property type;
Apartment Building Loans, Auto Repair Loans, Auto Dealership, Anchored Strip Center Loans, Assisted Living Facility Loans, Bowling Alley Loans, Car Wash Loans, Church, Commercial, Construction, Convenience Store Loans, Condominium, Congregate Care Facility, Day Care Center Loans, Dental Office, Fitness Center Loans, Funeral Home Loans, Garden Apartment Loans, Gas Station Loans, Golf Course Loans, Health Club, Healthcare Financing, Hotel Loans, Industrial Property Loans, Marina Financing, Medical Office Loans, Mini Storage Loans, Mixed-Use Loans, Motel Loans, Mobile Home Park Loans, Manufactured Homes, Multi-Family Homes, Nursing Home Loans, Office Building Loans, Restaurant, Retail, SBA Loans, School, Self Storage Loans, Senior Housing Loans, Veterinary - Animal Clinic Animal Hospital, Warehouse Loans.

Bad Credit Mortgage

Private Hard Money Loans

No Income Doc Residential & Commercial Property Financing

$50K - $10 Mil Purchase Refinance 2nd SFR 1-4 Units, Condo, Townhome Mixed Use, Multifamily, Office Retail Stated Income, No Doc Any Credit Ok Up to 90% LTV * Low Interest rates 6 months to 30 Year Fixed Non Owner & Owner Occupied *

No upfront cost Easy to Apply, Quick Approval Funding in Days

1st, 2nd or 3rd Position Loans

Up to 75% Loan to Value

Any Credit Accepted

No Income Stated or Verified

No Prepayment Penalty

Fast, Easy & Quick Approval

Get Funding in 7-10 Days

or

Equity Based Loans for Bad Credit

Owner & Non Owner Occupied

<img decoding="async" class="alignnone size-full wp-image-139" src="http://www.bizzbrokerz.com/guide/wp-content/uploads/2016/05/check.png" alt="check" width="26" height="25" /> No Min Credit Score Required

<img decoding="async" class="alignnone size-full wp-image-139" src="http://www.bizzbrokerz.com/guide/wp-content/uploads/2016/05/check.png" alt="check" width="26" height="25" /> No Income Stated or Verified

<img decoding="async" class="alignnone size-full wp-image-139" src="http://www.bizzbrokerz.com/guide/wp-content/uploads/2016/05/check.png" alt="check" width="26" height="25" /> No Prepayment Penalty

<img decoding="async" class="alignnone size-full wp-image-139" src="http://www.bizzbrokerz.com/guide/wp-content/uploads/2016/05/check.png" alt="check" width="26" height="25" /> No Source or Seasoning of Down

<img decoding="async" class="alignnone size-full wp-image-139" src="http://www.bizzbrokerz.com/guide/wp-content/uploads/2016/05/check.png" alt="check" width="26" height="25" /> BK, Short Sale & Foreclosures OK

<img decoding="async" class="alignnone size-full wp-image-139" src="http://www.bizzbrokerz.com/guide/wp-content/uploads/2016/05/check.png" alt="check" width="26" height="25" /> 2nd / Second Mortgages Liens

<img decoding="async" class="alignnone size-full wp-image-139" src="http://www.bizzbrokerz.com/guide/wp-content/uploads/2016/05/check.png" alt="check" width="26" height="25" /> LTV (Loan to Value) up to 75%

<img decoding="async" class="alignnone size-full wp-image-139" src="http://www.bizzbrokerz.com/guide/wp-content/uploads/2016/05/check.png" alt="check" width="26" height="25" /> Up to 50% for Vacant Land Loan

<img decoding="async" class="alignnone size-full wp-image-139" src="http://www.bizzbrokerz.com/guide/wp-content/uploads/2016/05/check.png" alt="check" width="26" height="25" /> Up to 70% for 2nd Position

<img decoding="async" class="alignnone size-full wp-image-139" src="http://www.bizzbrokerz.com/guide/wp-content/uploads/2016/05/check.png" alt="check" width="26" height="25" /> Interest Rates Starting at 8.99%

<img decoding="async" class="alignnone size-full wp-image-139" src="http://www.bizzbrokerz.com/guide/wp-content/uploads/2016/05/check.png" alt="check" width="26" height="25" /> Terms from 6 months to 30 Years

<img decoding="async" class="alignnone size-full wp-image-139" src="http://www.bizzbrokerz.com/guide/wp-content/uploads/2016/05/check.png" alt="check" width="26" height="25" /> Loan Fees 2 - 6 points

<img decoding="async" class="alignnone size-full wp-image-139" src="http://www.bizzbrokerz.com/guide/wp-content/uploads/2016/05/check.png" alt="check" width="26" height="25" /> Call for details

Property Type:

Residential properties 1-4 unit

Senior Care Facility

Mini Storage, Warehouse