Gateway Mortgage Group
Michael Ikeya is an excellent all-purpose lender but his specialty is the combination Purchase/Renovation loan (FHA 203k Loan) for buyers who will be owner-occupants. These loans are tricky and Michael is one of the few lenders who does them successfully on a regular basis.
LendFriend Home Loans
Cody Velkovich offers a wide variety of loan programs including these difficult to find niche products:
- Low FICO (560+) FHA & VA Loans
- Manufactured and Modular Home Loans
Their Buy With Cash Program lets a traditional buyer compete with investor cash offers. Today's market is very competitive. Consider a Seller with 2 almost identical offers: One is cash and can close in 10 days; The other requires loan approval and will close in 30-45 days. The Seller will most likely take the cash offer. Click Buy With Cash Fact Sheet for printable information without having to register.
Little City Investments
Little City Investments provides quick, straightforward hard money loans for residential and commercial real estate deals in Austin, TX. Their hard money loans are a great alternative to traditional bank financing because the loans are primarily based on property value instead of personal credit or borrower background. The loan terms are simple, no appraisal is required and the approval process is fast. Little City Investments has experience lending to real estate investors and house-flippers and can close quickly.
Easy Street Capital
Easy Street Capital has loan programs for every type of investor borrower. Regardless of experience or credit, they can finance your next investment property. Whether you are buying a property to fix up, build new construction, or generate cash flow from rental units, Easy Street Capital has the solution. As fully discretionary lenders, they can customize a loan specifically to meet your individual needs. They look forward to assisting you with your next project.
Park Place Finance
When other lenders are too rigid in their pre-qualifications or are moving too slowly for your needs, Park Place Finance can step in to fill the gap. Put their speed, responsive service, and simple hard money loan products to work for you. The hard money loan is designed to assist real estate investors who would like to close quickly on real estate purchase transactions or to access existing equity on real estate already owned. Park Place Finance’s hard money loan is a fast and easy solution to realize your next investment opportunity. If you have a viable exit strategy that is short-term—within 12 months of the funding of the loan—Park Place Finance’s standard hard money loan is an excellent loan product to consider. This loan must be in the first lien position on either residential, multi-family, or commercial real estate; they do not extend hard money loans for land purchases.
Pleasant Funding, LLC
Pleasant Funding's friendly, knowledgeable and diligent staff has a singular focus on investors. They are poised to help maximize your portfolio by offering products that are geared to investment and commercial properties including the following loan products:
- 80% LTV Purchase
- Rehab Loans Up to 90% LTV
- Cash-Out Refinance Up to 75% LTV
- Stated Income (Minimum Credit Score 500)
- Alt-A Loans
- Rate & Term Refinance
- Hard Money Loans
- Foreign Nationals
- Minimum Loan Amount $50K, No Maximum
- Family Trust
- Airbnb & Short Term Rentals
- No Seasoning Required Refinances
Financial Resources for Investors
If you are looking for a "hard money lender" or want to buy or sell mortgage notes or need specialized financial spreadsheets, explore this site.
Capital Farm Credit
Capital Farm Credit is a customer-owned cooperative, providing financing to rural landowners, country homeowners, agricultural operators, and agribusiness firms throughout Texas. It is the state’s largest cooperative rural lender.
USDA Rural Development Direct Loan Program
This is a 100% financing (NO DOWNPAYMENT), no Mortgage Insurance, and a government-subsidized loan program! Under the Direct Loan program, individuals or families receive direct financial assistance from the Housing and Community Facilities Programs in the form of a home loan at an affordable interest rate. The payment is subsidized based on the buyer's adjusted gross income and the number of household members. Payments can be reduced to a level that would be equal to a Principal and Interest payment as low as 1% interest rate, plus property taxes and homeowners insurance. These loans have no Mortgage Insurance. The subsidy amount is recalculated each year but the payment can never go higher than the full market rate at the time the home was purchased.
Due to high demand, these loans take longer to process. Unfortunately, funding isn't always available for these loans, so sometimes buyers have to wait until funding is available. Once funding does become available, you have to move quickly to find a home that is located in an eligible area for this program.