Financing options for the Texas Real Estate Investors & Landlord
Texas Investor loans - our mission , providing the 3 basic financing strategies for landlords and real estate investors. Depending on the investors need (long term, rehab, bank - non bank, owner finance) we are able to structure a solution. We are different in that we are part of the underwriting process and offer a candid consultation on what can be realistically funded.
***Note many of these loans for investors are now available in almost all states- ask***
Whether you wish to finance one property or build a portfolio we have a solution. Learn your options, be prepared and consider asking for a loan is like interviewing for a job.
BASIC SOURCES OF INVESTMENT FUNDING (Our services )
1. Conventional Mortgages -govt guaranteed and insured. - very limited , usually fannie mae loans.
The next 2 categories (porfolio loans , both institutional grade and private funds are our specialty)
2. Portfolio Loans : Typically Banks, Credit Union, Life insurance companies and some non bank private funds (These are not mortgage banks) - Portfolio , or Balance Sheet lending loans , These are "story" loans. Maybe you have been turned down because you are self employed, or fluctuations in income. If your "story" is strong, meaning you have explanations, good cash reserves, compelling experience, other we can make loans that conventional mortgage banks cannot (again , a limititation of govt. insured mortgages) .
3.****(THE MOST FLEXIBLE ) Private (non institutional ) - hard money ,Non Bank: (Hedge Funds, Private individuals and small funds,even crowdfunding)- higher rates (6% +plus) but if you have recent poor credit, not much income to show , out town owner of rental property , or other reasons these may be the best option.(1-4 unit investment rentals).
"no income" loans and stated loans would fall under this category.
***STATED INCOME LOANS AND BANK STATMENT LOANS ARE AVAILABLE WITH PRIVATE LENDING (More Non - bank loans) -
IF YOU HAVE A RENTAL PROPERTY LOAN REQUEST CLICK BELOW - SAME DAY RESPONSE ON YOUR PREQAUL:
Quick Scenario - Click and answer a few quick questions, this is also very good supplement to our full loan application. (This will tell us the quick story on the investor and the potential subject property)
Do you need hard money for fix and flip - (rehab to rental), fund purchase and repairs then convert to a long term loan. : This is our hard money in Texas site for rehab-hard money , Urban Coyote Funding -Texas Rehab Loans) . All investors of real estate will at some point need a short term (hard money- rehab loan) , so please save site for your rehab loans.
HARD MONEY BLOG (see many articles regarding hard money and alternative lending)
Foreign National Loans for Investors - up to 65% of value (long and short term loans)