Don’t qualify for a prime loan, or looking for an alternative to the traditional prime loan application process? Those who need financing fast or who are not eligible for a prime loan can apply for a hard money loan. Hard money loans differ from prime loans in that they are secured by the property itself.
Why consider a hard money loan?
Your credit score is no longer the primary benchmark for loan qualification. Those individuals with low scores can often apply successfully for hard money loans even after being turned away by prime lenders. Hard money loans offer speed and convenience because the qualification requirements are less strict, the paperwork and time needed to process the application is greatly reduced.
Loan programs may change at any time with or without notice. Information deemed reliable but not guaranteed. All loans subject to income verification, credit approval and property appraisal. Not a commitment to lend.
On Point Home Loans, Inc.
On Point Home Loans, Inc.(nmlsconsumeraccess.org) is an Equal Housing Lender.