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 in Miami. Hard money loans differ from prime loans in that they are secured by the property itself.
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.
Prepayment penalties with hard money loans are common but as low as 6 months of interest guarantee
Should you be looking for no credit check hard money lenders in Florida? Borrowers in the following situations might benefit from a Miami hard money loan:
If you’ve been searching for a Florida hard money lenders list, you have come to the right place. Lending Bankers Mortgage works with more than 130 lenders throughout the Miami metropolitan area. That includes not only banks, but also hedge funds and private lenders who are willing to be flexible with mortgage application approval and rates.
In fact, one of our favorite parts of our job is solving financing challenges. We take pride in bringing you the best possible rates, even on hard money loans. Whatever your situation, we can deliver.
We offer free consultations, and we would love a chance to discuss your lending needs with you. We can help you figure out if a hard money loan is the best fit for your needs, and we can assist you with the application process. Not only that, but if you build a relationship with us, we can further streamline the process over time (perfect for fix and flip scenarios). Many of our clients who use these type of loans today will refinance in the near future to conventional loans at lower rates.
Lending Bankers Mortgage LLC is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.