Well, that is what Direct Capital Lending is for.
Let us tell you a few things about us and the services we provide.
We are a part of the National Association of mortgage brokers. Association of Independent Mortgage Experts and Equal Housing Lender logo.
We are a reputable firm with no complaints from customers. We have funded billions of dollars throughout the years and primarily serve the counties of Tulare and Kings.
FHA Loans ~
FHA loans are mortgages for primary residences offered by qualified lenders and insured by the FHA (Federal Housing Administration). The loan is not issued by the Federal Housing Administration. They establish the loan rules that must be followed by lenders who offer Federal Housing Administration loans.
Jumbo loans~
A large down payment is usually required to finance a luxury home. Some buyers choose to invest in real estate rather than taking such a large sum of money from their financial holdings.
Jumbo loans have a loan amount greater than $647,200 and demand a larger down payment than smaller conforming loans.
Today, there are several new options available that allow for jumbo borrowing of up to 95%. In the most common 5 percent down loan arrangement, two loans are combined. The goal of this structure is to keep the cash to close as low as possible while still protecting the buyer’s liquidity. The arrangement is known as a “piggyback” loan because it piggybacks on the initial mortgage.
VA loans~
Being a military member, surviving spouse, or any other service person who wants a place to call home where their family can develop is something to think about regularly.
For service personnel, veterans, and their surviving spouses, a VA loan is a mortgage loan provided by the United States Department of Veterans Affairs.
In most U.S. counties, the normal VA loan ceiling in 2022 is $647,200, up from $548,250 in 2021. For high-cost counties, VA loan limitations were been raised, with a single-family home loan cap of $970,800. VA loan restrictions are neither a ceiling nor maximum loan amount.
Most other home loans have worse terms and interest rates than VA loans. VA loans offer 100% financing, a VA loan normally does not require a down payment as long as the purchase price of the home does not exceed the appraised worth of the home. There are no fees if you pay off your loan early.
Multi-family loans~
Whenever you begin to think of multi-family investing, deciding on the correct property to invest in is half the battle. No matter how experienced you are, choosing the wrong property will almost always result in a loss, but a wonderful property can be profitable even for the most inexperienced investor.
Investors utilize multifamily loans to fund multifamily projects with two to four units or commercial-residential assets with five units or more. Condos, townhomes, duplexes, apartment buildings, and property portfolios are examples of these types of properties.
The last thing you want to know when you’re ready to finance a multifamily property is what options you have and what documents you’ll need for each of them, no matter what you choose. When it comes to financing a multifamily house, having the correct options might be the difference between a smooth commercial real estate loan experience and the start-and-stop approach that some lending companies are notorious for.
Investment loans~
An investment loan is, at its most basic level, any loan used to fund the purchase of an investment property. The majority of investment loans fall into one of two groups. An investment loan can be used for any sort of real estate investment, including commercial and residential properties.
Many successful investors have leveraged borrowing money today to build for the future to achieve their personal and financial goals, whether it’s buying a house, paying for a college education, or starting a business.
Borrowing to develop an investment portfolio that includes stocks, bonds, and investment funds is a less typical, but similarly forward-looking approach for some.
Borrowing to invest allows you to invest significant sums of money all at once or over some time. For people who invest in publicly listed securities, interest may be tax-deductible.
Hard money loans~
A hard money loan is considered a last resort for a variety of reasons. Instead of using their credit, the borrower must use their property as collateral. This form of loan is also more expensive than others. Closing costs and origination fees are greater, and interest rates are also higher.
A hard money loan is an alternative for homeowners who need money immediately and want to use an item as collateral.
If obtaining a conventional mortgage is too complicated or takes too long for your needs, this type of financing may be appropriate for you.
Hard money loans are ideal for wealthy corporations who need to fund an investment property rapidly and without the hassles that come with traditional bank financing.
Construction completion loans~
Instead of using a regular mortgage to fund a building, you’ll most likely need a construction completion loan.
Construction loans are based on the predicted worth of the new home upon completion, rather than the fair market value of the home, which is calculated by comparing its condition to that of other previously sold homes in the region. Construction loans typically have a shorter duration and a higher interest rate than standard mortgage loans.
Construction loans feature structured payment payouts connected to each phase of the project, unlike traditional home purchase financing, which pays the entire cost of the home in one lump amount at closing. The lender pays the building contractor a part of the loan amounts upfront so that they can get started on the project right away. The builder is then paid in installments at regular intervals to cover the expenditures of each step of construction. The lender, the builder, and the borrower arrange the frequency and quantity of these payments, known as “draws.”
Land loans~
Compared to the standard 15- and 30-year periods offered on a home mortgage, land loans are frequently short-term, two- to five-year loans with a balloon payment. In some circumstances, such as if you plan to build a home on the land, lengthier terms are available.
Different forms of land loans require different conditions, but in general, you’ll need great credit, a debt-to-income (DTI) ratio of 30 percent to 40%, and regular income. Acquiring a land loan works in much the same way as getting a regular mortgage.
Direct Capital Lending is a full-service mortgage broker that specializes in buying loans, home equity lines of credit, refinancing, and innovative financing. We have solid partnerships with more than fifty lenders, allowing us to provide you with the best pricing and service possible.
