Owner Occupied Hard Money Loans

We offer owner occupied hard money loans for purchase, refinance, cash out, second mortgage or debt consolidation for their primary residence property in California. Private hard money loans against owner occupied are available for 1st or 2nd position mortgage for client who can’t qualify for a traditional bank loan due to low credit score, unable to verify income or who simply need capital quickly. Private Lenders care more about Equity in the property, borrowers ability to make payments & theirs exit plan to repay the loan. No Doc or No income verification owner occupied hard money loans are available for Investment or business purposes. Contact us today for free consultation.

Find Owner Occupied Hard Money Loans for Purchase, Refinance, Cash Out, Rehab, 2nd trust deed, bridge loans, debt Consolidation, Investment or business purposes.

1st or 2nd Position Loans

Up to 90% Loan to Value

Any Credit Accepted

No Prepayment Penalty

Equity Based Owner Occupied Hard Money Loans

No Min Credit Score Required

Full Doc & Stated Income Available

No Prepayment Penalty

BK, Short Sale & Foreclosures OK

LTV up to 90% for Purchase*

Up to 80% LTV for Rate & Term*

LTV up to 75% for Refi Cash out*

Up to 65% LTV for Foreclosure Bailout*

Up to 65% for 2nd Position*

2nd / Second Mortgages Liens

Interest Rates Starting at 5.99%*

Terms from 6 months to 30 Years*

Loan Fees 2 - 6 points*

Call for details

*Rate, Terms, LTV, Fees are depended on the loan purpose, loan amount, loan to value, lien position, property type, location, borrower ability to pay, credit etc. Owner Occupied Loans Available for Properties in California Only. Second Mortgage & Stated Income available for business purpose only. Call for Details and other options.

Owner Occupied Property Type:

Residential properties 1-4 unit

Multi-Family, Rental Property

Mixed Use Property

Apartments

Retail Strip Malls

Shopping Center

Gas Stations, Car Wash

Senior Care Facility

Mini Storage, Warehouse

Commercial Properties

Office Buildings

Church Loans

Vacant Land, Raw Land

Commercial Land & Lots

Manufactured Homes

Apply Now

Owner Occupied Hard Money Loans in California using Alt Doc Program - Alternative Income Mortgage Programs

We offer alternative income mortgage programs for Owner Occupied borrower who cannot qualify using traditional income verification also we have Alt doc mortgage program for Owner Occupied self employed. Borrower’s can prove income using 12 or 24 months of personal bank statements or business bank statement mortgage, P&L profit & loss statement mortgage, VOE only mortgage (verification of employment), 1099 Income only mortgage. Hard money loans against owner occupied property works great for borrowers having credit score issues or had recent bankruptcy or foreclosure. Find owner occupied hard money loan programs in California.

Owner Occupied Hard Money Loans using Bank Statement Mortgage

Subprime Mortgage for Owner Occupied Property

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 in your local area and all California.

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). Contact us so we can find you local hard money lender for owner occupied property in California.

Stated Income Owner Occupied Hard Money Loan Loan Program

Hard money lenders & Investors also provide Stated Income Owner Occupied Hard Money Loans in California. 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 offer stated income second mortgage with bad credit.

We also have access to Owner occupied private hard money Jumbo loans & lenders offering mortgage from $1 mil to $10mil.

Find Owner Occupied Hard Money Loans & Lenders in California

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 owner or non owner occupied, commercial properties, vacant land, vehicles, etc. to complete the loan. Owner Occupied 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.

Owner Occupied Hard Money Loans using Alt Doc Mortgage Program

What is a Non Prime Mortgage?
Non prime mortgages are for those borrower who either have no credit, poor credit or bad credit. Generally Non prime mortgage loans have higher interest rate as compared to conventional or FHA loans.

What is a Non QM Mortgage Loan?
A non QM mortgage loan (non qualified mortgage) is a loan that allows a owner occupied borrower to use alternative income methods to qualify for a mortgage as compared to traditional income verification.

Alternative Income Mortgage Programs for Owner Occupied?
We offer alternative income mortgage programs for borrower who cannot qualify using traditional income verification. Owner Occupied Borrower’s can prove income using bank statement mortgage, P&L profit & loss statement mortgage, VOE only mortgage (verification of employment), 1099 Income only mortgage. Contact us today and we will help you find best owner occupied loan options.