Hard Money Mortgage Loans

Find Private Mortgage Lenders for Bad Credit, Higher Risk, 2nd Chance and Stated Income Loan Plans

Now you can locate subprime and private lenders for hard money loan programs with non-standard mortgages. Talk to companies that offer hard money to consumers with poor credit scores financing solutions with non-conforming hard money mortgage loans. We began as a hard money lender from California, we are well versed on alternative home financing and underwater refinancing. We provide hard money second mortgage loans and refinancing for people with bad credit after bankruptcy or foreclosure. We offer hard money loans and non-conforming subprime mortgages for refinancing regardless of your fico score or poor credit history. No you have the opportunity to refinance your 1st and 2nd mortgages together for one lower payment. Get cash out or consolidate debts, pay off collections, or save your house from foreclosure. Our hard money lenders offer the following short-term financing: Bridge Loans, Land Loans, Spec Loans, Stated Loans, Commercial Hard Money Loans and much more.

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Hard money loans are great short term solutions when your credit score drops below 500, and lenders have rejected your loan applications. There are not too many hard money mortgage lenders that take risks on mortgages behind negative amortization loans and payment option ARM's. Whether you live in California, New York, Illinois, Texas, Florida, or any other of the great 50 states in the United States, we can help you uncover private money loan opportunities quickly.

Hard Money Loan Highlights

Gap Funding Solutions

Fico Scores Below 500 OK

Stated Loans for Self Employed

Cash Out for Debt Consolidation

Refinance your Debts & Save!

Commercial Hard Money

Private Money Sources

Past Bankruptcy OK
Hard Money Mortgage

Evaluate hard money mortgages that may be available for people with bad credit scores that have fallen below 500. We will help you locate lenders offering sub-prime mortgages and private money loans for homeowners that have equity in their home but for one reason or another they came into difficult times and their credit has suffered. Sometimes hard money loans are needed when you have many past-due payments, collections or bankruptcies. Nationwide offers a simple online form that is easy to complete in seconds. Relax at home and let our team of loan professionals find you a loan that gets the cash you need. Consider hard money lot loans and private funding for spec homes. Call now to get more information about hard money loan financing and private money mortgage programs. Most of our hard money lenders are in California, New York and Florida, but we can connect you with private mortgage lenders across the country to meet your short-term financing needs.

hard money lenders

Consolidating your high rate loans and credit card debts into a second mortgage loan can save you thousands of dollars in interest each year. Refinance your existing adjustable rate equity line of credit and lock into a fixed rate loan that can lower your monthly payments. BD Nationwide offers a clear path to locate lenders for hard money second mortgage loans that are easy to qualify for if you have equity in your home. Even if you have credit scores under 500, we can help. When you shop for private mortgages online, ask for a no credit check loan.

Check out our niches for self-employed borrowers like no income verification, home improvement financing, 125% cltv and low fico programs. Our 2nd mortgage loan quotes are simple to complete and they enable you to relax at home comparing rates and finding the perfect second mortgage or refinance loan to meet your needs. BD Nationwide can help you locate some of the few private mortgage lenders to offer hard money loans in first and second position on residential and commercial real estate. We provide hard money financing to owner occupied, vacation homes and investment properties. We also extend short term financing and bridge loans for development of land in multi-zoned properties, residential, mixed use, commercial and more. Ask our private money mortgage specialists today about the latest hard money loan programs that could benefit you now.

Pros And Cons Of Hard Money Home Loans from Private Money Lenders

Although lending restrictions are getting tighter than ever before as new regulations are put in place by the government beginning in 2016, that does not mean that there are not plenty of options out there for individuals with less than perfect credit or who may not otherwise qualify for a traditional home loan. These loans are known as "hard money" loans, but they are not necessarily the right choice for everyone as there are plenty of pros and cons that need to be considered.

In order to determine whether or not this is the right course of action for you, it is a good idea to take a little time to carefully consider the benefits and potential issues that can arise. In some cases, an individual may find the best course of action is simply to dedicate some time to getting their finances in better order and their credit score a little bit higher so they can qualify for a traditional loan.

Pros of Hard Money and Private Loans:

  • No income documentation
  • No minimum credit score
  • Flexible when it comes to property types

Cons of Hard Money Mortgages:

  • High interest rates
  • High closing costs
  • Significant equity is required

The unfortunate fact is a lot of people go for these types of loans without carefully considering whether or not the cons outweigh the pros. While it may seem like a good idea to get a loan that doesn't require a minimum credit score, especially if an individual has some significant dents and beings in their credit, the higher interest rates that a person pays may not make the monthly mortgage payment worthwhile for very long.

While it is possible for person to use this type of loan to get into a home or some other type of property and refinance at a later date, this is not the type of course of action that a person should plan on since tighter restrictions may make it even more difficult to refinance the loan later, leaving them in a situation where they are paying much more than they otherwise would have to on a loan.

Higher closing costs are also well worth considering since it will require a person to put up a significant amount of money initially. Because of the terms of this type of loan, an individual will find that they have less room to negotiate when it comes to the costs and fees associated with closing the loan, leaving them with no choice but to pay.

 

 

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BD Nationwide Mortgage, 515 Encinitas Blvd. Ste 100, Encinitas, California 92024
Please be aware that this is not an advertisement for credit. Nothing on this site contains an offer to make a specific home loan for any purpose with any specific terms. This is a web-site and no loans can be guaranteed as loans and rates are subject to change. BD Nationwide was affiliated with national lenders and a federally chartered bank located in Maryland licensed to offer hard money loans in all 50 states. Copyright © 2001 and Beyond, BDnationwidemortgage.com is a website and cannot make loans. All rights reserved.