
You Can Buy a Home in 2020 with These Low Income Mortgage Programs
Low Income Home Loan Options Give You Hope Thanks to the many low income home loans available in the market today, you can be a
* Up to 90% of the purchase & 100% of the rehab
* High Leverage, Fast Close!
* No Evidence of Income or Employment
* Asset Based Hard Money Loan
* Fix and Flip Loan, Multifamily Loan
* Ground Up Construction Loan
#1 Hard Money Lender North Carolina
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CambridgeHomeLoan.com is #1 hard money loan lender in North Carolina. We have gained our reputation as the fastest hard money loan lender in multifamily loans and bridge lending because we know how critical each day is in the competitive North Carolina real estate market.
FIX AND FLIP LOAN NORTH CAROLINA PROGRAM SUMMARY
A “fix and flip” loan is a bridge loan or sometimes called a hard money loan used to purchase property with the goal of selling it for a profit or refinancing it to rent once the repairs are completed. A fix and flip loan works really well in these situations.
At CambridgeHomeLoan.com, our fix and flip and fix to rent loans close very quickly… as little as 5 days! Fix and flip loans and fix to rent investment real estate loans do not require personal income verification and very little documentation! We offer a 100% program and a limited documentation 90% down loan program. Fix and Flip loans are a great way to leverage your existing capital to generate more income with the ability to close & flip more projects at once utilizing bank funds! Additionally, CambridgeHomeLoan.com finances the acquisition and the rehab costs of the project.
Loan Amount: | $100,000 – $250 Million |
Term Length: | 12 – 36 Months |
Max LTV: | 100% (90% Limited Doc) |
Rehab: | Funded 100% |
Amortization: | Interest only |
Interest Rate: | Starting at 6.99% |
Closing Time: | 5 – 14 Days |
Loan Use: | Purchase, Rehab, Refinance Cash out refinance |
Hard Money Loan North Carolina
We provide a Fast Close for Investment Properties and Commercial Real Estate. Fix and Flip, Fix to Rent, Multifamily, Commercial real estate. We have Purchase, Refinance and Cash out Refinance programs available. Hard money Loan programs can finance up to 90% of the acquisition on fix To flip/Fix to rent and 85 – 100% LTC of commercial real estate and multifamily acquisition. We provide 100% of the construction costs. For all of your hard money needs, contact us today!
A hard money loan is a loan from a private or non-traditional lender. The asset being purchased is used as the collateral for the loan, reducing risk for both the borrower and lender.
Hard money loans are used for quick turnarounds between the purchase and sale of a property. They can also be used for quick home financing until the buyer secures a traditional loan.
A hard money loan is a way for you to borrow money for real estate without using traditional mortgage lenders. Instead, the funds come from individuals or investors who lend money based primarily on the property you’re using as collateral.
Traditional mortgage loans require proof that you can comfortably repay the debt. Lenders often review your credit scores and any income available to evaluate your creditworthiness. If you have plenty of income, savings, or can get another collateralized loan you might not need to worry.
However, the process becomes more challenging if you have a low credit score, an income source that is difficult to verify to your lender’s satisfaction, or a high debt-to-income ratio.
Hard money loans are generally short-term loans, lasting from 1,2 or three years. You use them as a quick way to get money for a purchase. However, you wouldn’t want to keep one of these loans for an extended period because interest rates for hard money are typically relatively high.
Banks also have a list of issues that will raise a red flag and prevent them from even considering lending to a borrower such as recent foreclosures, short sales, loan modifications, and bankruptcies. Bad credit is another factor that will prevent a bank from lending to a borrower. Most banks will not lend to a borrower who already has 4 mortgages even if the borrower’s credit is perfect with no other issues.
Hard Money Loan North Carolina Program Guidelines
A “Hard Money Loan” are used to purchase property and close quickly with the goal of selling it for a profit or refinancing it to rent once the repairs are completed. A Hard Money loan is works really well in these situations.
At CambridgeHomeLoan.com, our hard money loans close very quickly… as little as 5 days! Our fix and flip loans and fix to rent investment real estate loans do not require personal income verification and very little documentation!
We offer a 100% programs and a limited documentation 90% down loan program as well. .
Loan Amount: | $100,000 – $250 Million |
Term Length: | 12 – 36 Months |
Max LTV: | 100% (90% Limited Doc) |
Rehab: | Funded 100% |
Amortization: | Interest only |
Interest Rate: | Starting at 5.50% |
Closing Time: | 5 – 14 Days |
Loan Use: | Purchase, Rehab, Refinance Cash out refinance |
Buy, Rehab, Rent, Refinance, Repeat and grow your passive income with Hard Money Loans
Hard money loans are a great way to leverage your existing capital to generate more income with the ability to close & flip more projects at once! CambridgeHomeLoan.com finances the acquisition and the rehab costs of the project.
About North Carolina–
North Carolina is a state in the Southeastern region of the United States. The state is the 28th largest and 9th-most populous of the 50 United States. It is bordered by Virginia to the north, the Atlantic Ocean to the east,
Georgia and South Carolina to the south, and Tennessee to the west. Raleigh is the state’s capital and Charlotte is its largest city. The Charlotte metropolitan area, with an estimated population of 2,569,213 in 2018, is the most-populous metropolitan area in North Carolina, the 23rd-most populous in the United States, and the largest banking center in the nation after New York City.
The Raleigh-Durham-Cary combined statistical area is the second-largest metropolitan area in the state, with an estimated population of 2,079,687 in 2019, and is home to the largest research park in the United States, Research Triangle Park.
Not just North Carolina, we are serving nationwide:
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Low Income Home Loan Options Give You Hope Thanks to the many low income home loans available in the market today, you can be a
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CambridgeHomeLoan.com takes an active part in helping our customers achieve their long term goals. Fast closings and refinancing into better rates when it matters. Feel free to contact us with your loan scenario at 800-826-5077.
Fix and Flip or Fix To Rent Loans can be closed in just 5-7 days. If you would like to prepare for your first deal contact us for a soft quote and our due diligence check list. From your first investment real estate loan to putting together a portfolio loan for all of your investment properties, CambridgeHomeLoan.com is the resource that can help you from the very beginning of your investment career.
CambridgeHomeLoan.com can manage all of your real estate loans from ground up construction, spec houses to fix and flip and fix to rent home loans. When you want to get your price and close in just a few days to easy rehab draws that can help you get your project done on time and in budget. Give us a call today with your project outline and we can give you the possibilities.
Why to Live in North Carolina? With great weather, a breathtaking climate, a thriving job market, and some of the nicest neighbors around, North Carolina has become one of the top destinations for young professionals, growing families, and retirees.
Hard Money Loan North Carolina – Click Here To Apply
for more information on hard money loans go to HardMoneyLoanLender.com