hard money lenders - hard money - hard money loans - hard money lender    















   hard money lenders - hard money - hard money loans - hard money lender


Hard Money Lenders

hard money lenders  -  hard money  -  hard money loans  -  hard money lender

 

Florida Mortgage Corporation offers a variety of Hard Money loans.

We specialize in a wide range of credit score and non-credit score driven residential and commercial loan products.

Florida Mortgage Corporation offers immediate approvals and quick closings. Our professional and experienced hard money/hard equity loan consultants will be happy to discuss any problem and will make every effort to make those difficult deals work.

 

The Buyer must have a "CASH" down payment to be Eligible for a Hard Money loan regardless of appraised value.  Typically, a 40-50% CASH down payment based on the Sales Price.

The "EQUITY" in a home belongs to the existing homeowner and NOT to the Buyer. The current value of the home belongs to the existing homeowner and NOT the Buyer.

RESIDENTIAL & COMMERCIAL

 

Until recently, many Hard Money lenders were willing to base their LTVs on property appraised value, rather than purchase price.  As the market continues to contract, this practice has become almost non-existent. The logic behind this change is simple. Properties being sold far below appraised value are typically distressed sales.  If a hard money lender ends up foreclosing on a property, they need to get it off their books as soon as possible.  This means they will be in the same position as the bank who is selling the distressed property.  To a hard money lender, a property is only worth what they know they can liquidate it for.  If the bank is liquidating a property for $50,000, a hard money lender has to assume this is the same threshold where they would be able to liquidate the same property.

The PURCHASE Price is the guideline. This means the Loan-To-Value (LTV) is based on the purchase price and NOT the appraised value.  The rule of thumb has always been, purchase price or appraised value, WHICHEVER IS LOWER.

40-50% Cash Down Payment Required


hard money lenders - hard money - hard money loans - hard money lender    PURCHASE - Cash down payment based on Purchase Price and NOT Appraised Value

hard money lenders - hard money - hard money loans - hard money lender    Purchase   ▪   Refinance   ▪  Cash-Out Refinance

hard money lenders - hard money - hard money loans - hard money lender    Commercial Hard Money

Florida Mortgage Corporation    Bad Credit Not A Problem

hard money lenders - hard money - hard money loans - hard money lender    Bankruptcy  -  OK

Florida Mortgage Programs    Foreclosure  -  OK

Florida Mortgage Corporation    LAND

Florida Mortgage Programs   Seller Held Second Mortgage  -  OK

hard money lenders - hard money - hard money loans - hard money lender    Cash Out Refinance  -  OK

Florida Mortgage Corporation    Construction Loan  -  OK

Florida Mortgage Corporation    Fixed & Adjustable Rates

hard money lenders - hard money - hard money loans - hard money lender    No IRS 4506 Form

Florida Mortgage Corporation    Up to Five Million Dollars Loan Amount

hard money lenders - hard money - hard money loans - hard money lender    Rehab Loan

 

hard money lenders  -  hard money  -  hard money loans  -  hard money lender

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