Private Hard Money for Owner Occupied Borrowers in Phoenix

Welcome we offer Private Hard Money Owner Occupied Loans in Phoenix up to 80% LTV.

Our Phoenix owner occupied hard money loans program makes it easy for you to get the new home you need despite not having credit, having bad credit, or even if you’re not from the United States.  Owner occupied loans have easier requirements than investor loans and can even benefit from our cross collateral 100% LTV loan option.

Owner occupied hard money loans are also considered Principle Residence Loans, alternative financing, and private money loans.

We continuously stay up to date on all regulation required to offer owner occupied hard money loans.

Poor Credit, BK, Foreclosure, TIN Numbers, Self Employed YES we can!

No Up-Front Fees and No Cost to Apply.

Quick and simple to Apply for a Owner Occupied Private Hard Money Loan

Reasons Why Borrowers Use Owner Occupied Loans using Private Money

Bad credit

Hard to prove income

Dealing with a problem property

Cannot qualify for conventional or FHA/VA financing

Common Uses Of Owner Occupied Private Hard Money Loans Phoenix

Buying first or second home

Refinance an existing loan

Cash out for repairs or remodeling

Cash out for debt consolidation

Hard Money Owner Occupied Loan Program Options

100% FINANCING AVAILABLE if the borrower has another property that is free and clear or has a small mortgage in relation to value (substantial equity) to pledge as additional collateral.

We are a Private Hard Money Lender in Phoenix, making real estate loans to both Investors & Owner Occupants in Phoenix.

NO PRE-PAYMENT PENALTY

We have no pre-payment penalties on our loans.

PURCHASE - REFINANCE

Down payment: 20-30%

Can accept co signers

Allow seller carry back for the Down Payment

Up to 70% or 80% of appraised value

Up to 100% financing with a 2nd free and clear property.

Interest Rates from 9.5% for Owner Occupied Private Hard Money in .Phoenix

Requirements for Private Hard Money Owner Occupied Loans

Income verified – 3 months banks statements or tax return.

BK, Foreclosure, INN, Self Employed YES we can!

Apply for an Owner Occupied Hard Money Loan

If you are interested to see if you qualify for an owner occupied hard money loan in Phoenix, give Jamie a call today at 623-582-4444 or fill out our loan application to get started.

What is an Owner Occupied Private Hard Money Loan?

These types of loans are considered consumer loans. This means that they are for the individual home owner not an investor or corporation. These loans are for borrowers who will live in the home as their primary residence home. These are loans where the borrow will use the funds for consumer purposes, such as paying down debt, buying a boat, debt consolidation or paying a tax lien. The funds are going to be used to help the consumer. When you are applying for a consumer Private Hard Money home loan there are a lot of requirements that the lender must do to make sure that the borrower fits the loan. These are recent requirements, but the main requirement is that the Private Hard Money Lender Lending for an Owner Occupied Homes needs to make sure that the borrower can make the payments. They call this verifying the ability to pay the loan. Since this a Private Loan, these requirements are easier and more relaxed that the traditional lender. Additionally, Phoenix Private Hard Money for Owner Occupied Loans usually have a lower credit requirement. Another requirement is that the loans must be ‘fully amortized over 30 years’ and cannot have a balloon payment. The advantages of a Private Hard Money Lender are that the loan is completed quickly, and the borrower can move fast. Typically, the lender is private individual that will look at the property and make a quick decision. Rates on the loan are higher that a traditional loan, but usually range from 6-12%.

A few other reasons for a Phoenix Private Hard Money Owner Occupied Consumer Loan:

Self-employed

Trouble documenting income

Inconsistent income history

Credit issues due to a recent loan modification, short sale or foreclosure

Bankruptcy

Client already owns the home and needs to refinance, the purpose is consumer in nature, and there’s no purchase component.

How do you get a hard money loan from a private lender?

Tips for Getting a Hard Money Lender Arizona

If you are looking for a hard money lender Arizona or a Arizona private money lender  then you probably understand that these kind of Arizona hard money loans are the best kind of loans you can get. You are able to bypass the traditional loans from the bank and you don’t have to worry about your credit score. How much better can it get?

However, without the right kind of Arizona hard money lender by your side, things can be difficult to facilitate, so make sure you’re choosing either a hard money lender Arizona or private money lender Arizona that you can really trust and has a great reputation.

Also remember a few key things; Hard money lenders Arizona and private money lender Arizona  typically give to borrowers who only need money for short term real estate investments, which means that the higher interest rate doesn't really matter since loans are paid off so quickly.

Usually, someone who needs an Arizona hard money lender is someone who is looking into this kind of Arizona hard money loan because they need access to money quickly for a variety of possible reasons since the real estate business can be so finicky. A building might be going quickly and the borrower might want to snatch it up so they talk to a hard money lender Arizona.

Whatever the reason, Arizona hard money could be just the thing for you. If you are looking to rehab your next property project, then consider thinking about hard money lender Arizona or private money lender Arizona.  It could be the best thing that you do for your real estate career –not to mention the easiest- look into Arizona hard money today and get your money tomorrow. You’ll be happy you decided to do it and so will your property.

Dennis Dahlberg
Broker/RI/CEO/MLO

Level 4 Funding LLC
Tel:  (623) 582-4444 | Fax: (888) 279-6917

www.level4funding.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 85027

Is Arizona hard money good for first time investors?

As a first time investor, Arizona hard money might seem really confusing or you might be really curious about what it entails. Arizona hard money is not a traditional Mortgage; it is not based on a bank’s decision but instead based on the real estate property that you wish to purchase.

Typically with Arizona hard money, you can also get much more money than you would with a traditional bank Mortgage. Sometimes Arizona hard money can give you up to one hundred percent of the value of the property you are borrowing against. That is much more than a regular Mortgage issued out by a bank.

Since Arizona hard money comes from people instead of a typical lending institution, you have some more leeway. Private money lender Arizona is an individual who issues you money. It can be from someone you know or even someone you just met who wishes to invest in your real estate endeavor. Meanwhile, hard money lender Arizona is a group of individuals, not just one person, who invests in your real estate property.

While the interest rate is much higher than a traditional Mortgage, that isn’t something you really have to worry about with an Arizona hard money Mortgage because the turnaround goes by so quickly you won’t even have time to rack up interest.

It is good to know these things before you start looking into an Arizona hard money Mortgage or investment because you want to make sure that you’re getting what you wanted out of the deal. An Arizona hard money Mortgage is great for someone who wants to skip the hardship of the bank Mortgage paperwork and get right into the business of flipping property. Don’t be shy, first time investor or not, the time to look into Arizona hard money is definitely today.

Big Daddy Dennis Hard Money Lender

Arizona Hard Money
Level 4 Funding LLC
23335 N 18th Drive Suite 120
Phoenix AZ 85027
623-582-4444