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.
Miami Hard Money Loans Offer These Key Advantages
- 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
Is a Miami Hard Money Loan Right For You?
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:
- Those who cannot meet the qualifications for prime loans.
- Borrowers who are specifically shopping for short-term financing.
- Miami area businesses which are unable to claim income in a traditional manner, and who are unable to procure a prime loan as a result.
- Investors who want to fix and flip.
- Borrowers who are trying to improve their credit scores in the hopes of eventually qualifying for conventional financing. Making payments on a hard money loan is a great way to boost your rating.
Lending Bankers Mortgage Is Your Hard Money Lending Partner
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.
Let’s get you the funding you need
Please call (786) 220-1100 to set up your free consultation for Miami, FL hard money loans.