Hard money loan vs other means of lending

2 Replies

Jump to latestLatest
  • Bob ReinhardBusiness Member
    Lender · Patterson, NY · Member since 2017 · 488 posts · 186 votes
    4y
    Why does traditional lending not work to get you the cash needed? Try a community bank or a credit union locally.
  • Lender · Los Angeles · Member since 2022 · 8 posts · 0 votes
    4y

    Hi, if you cannot qualify for a traditional loan from a bank or local credit union you can take advantage of our Community Mortgage to buy out family member.  We don't consider debt or income, but we do review credit scores and equity.  

    This would be considered a cash-out refinance. Typically our rates are 4-5% lower than hard-money with no points.  Feel free to message me for more details.  

Join the conversationCreate a free account to reply, vote on answers and follow this thread.