Get an Easy Qualifying Idaho Private Money Loan
Whether you’re flipping houses or investing in rental property, you need reliable financing to be successful in real estate.
But a not so great credit score can stand between you and your investment goals, especially if you’re just starting out.
Can you get the cash you need with a poor credit history?
Yes, You Can! Apply for a Real Estate Equity Loan through a Hard Money Lender
Equity lenders look primarily at the value of the collateral and are typically more lenient on credit scores and income requirements. We all know that the application process with conventional lenders is lengthy and time-consuming. With bank loans, credit issues can affect loan terms and odds of approval.
Hard money lenders (also known as private money lenders) are a fast, reliable alternative to traditional lending sources. Hard money loans are based on available equity. Credit history and income aren’t an issue.
In a competitive real estate market like Idaho, working with an experienced hard money lender is a great way to get fast cash in hand when investing. Use a private money equity loan for investment projects like:
- Fix and flip renovation
- Rental property upgrades and repairs
- Business property renovation
Applying for an Equity Loan
Simply put, equity is the difference between a property’s value and how much is owed on it. For example, if your property is worth $250,000 and you owe $100,000 on the mortgage, the available equity is $150,000.
Each hard money lender has their own loan terms and guidelines. But the hard money lending experience commonly includes a fast, easy qualifying application process, with funds typically available within days.
At Gregory M. Russell in Idaho, we loan for investment and business purposes only. Clients who show sufficient equity and a reasonable repayment plan are approved. We lend on a variety of real estate, including single family homes, multifamily rental property, commercial real estate, and bare land. Learn more about our equity loans and how they work.
Finance Your Real Estate Investment with an Idaho Hard Money Loan
Our clients appreciate our fast, friendly loan service and our depth of experience. We have helped investors throughout Idaho meet their goals for over 30 years. Our team of hard money lenders keeps up with market trends and takes pride in helping each client with their particular loan needs. Call us today to learn more about private money loans. 1-888-477-0444 (Check out our easy online application and make your loan request now!)