Residential Conventional Loan

Our Residential Conventional programs offer competitive rates for both owner and non-owner occupied homes.

Get Pre-Approved
R

Property Types:

All 1-4 unit properties considered

R

Loan Types:

Purchases, Refinances, Home Equity, Cash-Outs & New Construction

R

Markets:

Texas

R

Loan Amounts:

$50K-$1MM+

R

Term:

15, 20 & 30 years available

R

Rate:

Market Rates

R

LTV:

As little as 3.5% down payments

R

Loan Programs:

Conventional, FHA & non-traditional loans

R

Recourse:

Yes

Why Hard Money?

You’re looking to invest in properties, but you don’t quite have the cash to make your purchase or you need to close very quickly. As a serious investor you may consider obtaining a hard money loan. Such a loan can help you to perform repairs on a property if the property is in bad condition. A hard money loan can give you the cash you need to increase the value of the property so you can sell for a profit or refinance for the equity capture. Our experienced loan officers will be delighted to help you understand the process and achieve your goals. Just give us a call and a representative will talk to you frankly about your financing options. We even have pre-qualification options available.

More About Hard Money Loans

Hard money loans are specific short-term advances the lender provides for the purchase of a distressed property. A distressed property is one that needs a lot of repairs before it will be marketable. Such a loan is an excellent option if you are an investor that is looking to close a loan quickly. The average hard money loan process can complete in 10 business days or less in most cases.

Uses for a Hard Money Loans
You can use hard money loans to purchase a wide variety of properties. The beneficial part of using a hard money loan is that you can borrow up to 100% of the costs. The lender will base the loan on a percentage of the projected after-repair value (ARV) of the home rather than the purchase price of the home. For example, your distressed property may be for sale for $85,000, which is discounted from its true value of $150,000 because of all the necessary repairs. A traditional lender will offer a conventional loan of up to 80 percent of the purchase price of the home that would be, at most, $68,000. The hard money lender will offer up to 75 percent of the after-repair value, or $112,500. Lenders will fund the purchase price and repairs to get the property ready for use. The loan can also cover the closing costs limiting the out of pocket investment.

How Can We Help You?