Loans for Real
Are you an investor looking for a purchase or cash-out refinance?
Investors — This is Hardly Hard Money
If you are looking for a 30 year mortgage term on an investment property without having to show income we have the products for you. We represent many of the lenders specializing in no doc mortgage loans so we know where and how to get your loan done right and we make sure you have the absolute lowest rate available in the market today.
We Will Get Your Loan Approved!
- Only 3 months seasoning requirement on length of ownership for cash out or rate/term refi..
- 30- year terms with no pre penalty options or interest only options
- Cash out up to 80% loan to value
- Refinance your hard money loan up to 80% loan to value
- Credit scores down to 500
- BK, Foreclosure, short sale just need to be settled. No seasoning requirements
- Can get seller assist of 2%
- Condotel financing available
This is when the rent payment is equal to or greater than the mortgage payment. We get the rent payment by the appraiser’s rent schedule. Minimum 20% down on purchases and max 80% cash out refinance. Rates are typically about 1 to 1.5% higher than Conventional rates.
If you are self employed for at least 2 years. We can use the gross deposits going into a business account or personal to calculate the income. No tax returns and no P & L. Minimum 20% down on purchases and max 80% cash out refinance. . Rates are typically about 1 to 1.5% higher than Conventional rates.
Get pre-approved now
If you have the funds to fix the home and don’t need rehab funds, we can offer you a 30 year term with competitive rates up to 80% of the as is value. For traditional cash investors this frees up a lot of capital to purchase more. Minimum of 25% down. Rates about 2% higher than Conventional.
Complete No Doc
If the rent does not cover the mortgage, here is your option. Minimum 25% down on purchases and max 70% on cash out refinances. Rates are typically about 2 to 2.5% higher than Conventional rates.
Get Your Stated Income Mortgage Loan Approved
HP Mortgage is a full service brokerage with a broker-owner carrying 15 years of experience in mortgage banking. 80% of our total business is focused on limited and no income verified mortgages for the self employed borrower or investor. We have an expansive network of alt-doc mortgage lenders that we represent. We are experts on their guidelines and alt-doc mortgage lending. Unlike Conventional lenders, every alt doc lender has different guidelines and every borrower’s situation is unique so we will fit you with the right mortgage product without wasting time and effort.
Alt-Doc Mortgage Loans are Rare and Require a Specialist
First, these are very complicated products to navigate and only a specialist will be able to see this through completion. Second, these alternative-doc mortgages are offered on a limited basis and are not offered to the general public for the very reason explained prior.
Don’t worry! Even though these programs are not part of the traditional market, every lender must be fully accredited and government-regulated. They carry verifiable NMLS numbers and are held to the same regulations as the most well-known banks. They utilize the same warehouse lines of credit as banks offering traditional loan products. Your legal protections as a borrower will never change.
Work with a Premier Mortgage Broker
We are a top producer for many of our largest lenders, regularly picking up where other inexperienced loan officers attempted to put the loan through and failed. They clearly did not understand the guidelines and often put their client in a worse position. We see very negative consequences on a borrower’s credit, business income, taxes, placement of assets—not to mention time wasted—all based on bad or misleading advice given by someone who was not knowledgeable of the product.