A Loan Now - Bad Credit Loans

Bad Credit Loans

Need a Bad Credit Loan? We have a wide variety of bad credit mortgages regardless or your circumstances. We have poor credit loans and problem credit loans to purchase or refinance real estate. If your income is difficult to verify we have stated income loans available. We make problem credit loans easy, regardless of your situation. More...

We can probably help you. Most of our bad credit loans are funded by nitch mortgage banks or private investors, thus giving us the flexibility to fund quickly. Interest rates can range from 7% to 11% with terms of 5 years to 30 years. We have bad credit loans for the following types of properties:

Residential Bad Credit Loans
Commercial Private Money Loans
Multi Family Apartment Mortgages
Mixed Use Mortgages
Rehab Loans, Fix and Flip loans
Construction Completion Loans
Cross Collateral Loans
Land Loans

If you need your loan fast, Apply Online. Once we receive your information, we will review your details, review our programs, and call you with our proposed solution. We try to make our problem credit loans quick and easy.

Bad credit loans aren't hard

Typically, once we receive your online inquiry, we can usually confirm with you within a day or two whether we can fund your loan. Our poor credit loans can usually fund within 1-3 weeks, depending on your cooperation in providing needed documentation. We will quickly email you a Goodfaith Estimate, loan disclosures, and a checklist of needed items. You can fax or email those items back. If you need a super rush, we will push for funding as quick as possible.

Bad Credit Loan Details

The below guidelines are a brief description of the types of bad credit loan programs that we arrange. Our funding sources for poor credit loans include private investors, nitch mortgage funds, small banks, and hard money mortgage funds.

Property type: Residential, Commercial, Apartment, Mixed Use, Land, etc
Transaction types: Purchase, Refinance Loans, 2nd Mortgages, Equity Lines
Credit Scores: Good to bad credit, low Fico scores ok
Loan to Value: bad 65%, poor 70%, problem 75% (depends on FICO)
Loan Amounts: $50,000 to $5 million [$20,000,000 special fund]
Income Doc: Full, Alt Doc, Stated Income *
Loan Type: fixed rates, fully amortized and interest only
Loan Terms: All loan terms available, 5 year to 30 years
Time to Close: 7-14 days rush, 21-30 days depending on complexity
Cross Collateral Loans: We can blanket a variety of property types *
Construction: Construction Completion Loans and rehab loans ok *
Bankruptcy: Recent or Open Bankruptcy ok *
Foreclosure: Recent or Open Foreclosure ok *
Judgements/Tax Liens: only paid if they affect title *
States: California and New York only
*(certain programs, depends on credit score and loan to value)

Do you have a bad credit loan scenario that doesn't seem to fit within the above guidelines? Submit your scenario to us through our secure online submission form. We will review your details and see if we can help provide you with the mortgage loan program that you need.

Contact Us, Submit your Scenario

We have been financing problem credit loans since 1991. We look forward to financing your difficult situation, your dreams and goals.

Key

The below are key words to help you find our site:

We provide hard money loans on all property types.
Financing bad credit loans since 1987.
We use private investors to fund our bad credit home loans.
Loans for people with bad credit equals the loan terms are reasonable for the circumstances.
Bad credit mortgages usually have terms that range from 1-5 years.
Poor credit loans are temporary fixes, use credit repair to improve your credit.
Construction completion loans in this mortgage climate usually can only be funded by hard money loans.
Hard money commercial loans we arrange funding with hedge funds and private mortgage funds.
For commercial hard money to work, there needs to be at least equity and cashflow helps.
We fund hard money residential with either 1st or 2nd mortgages.
Our hard money private loans are funded by private investors.
We have subprime and hard money loan programs to fund problem credit loans
Sometimes to fund hard money transactions we use cross collateral loans.
Our hard money lenders consist of private investors, hedge funds, mortgage banker funds.

As mentioned, the statements above are just intended to help people find our website.

bad credit loans, problem bad credit loans

Testimonies

M. Cohen, Los Angeles, CA
I can't thank you enough really. You were incredibly helpful, always answered my questions promptly, and were easily accessible. In fact, Rand, your service was probably better than any service I've received by any individual representing a company in years. I don't know how you manage to do it... Keep up the good work, and expect to hear from me next time I need loan services. Thank you VERY much.
R Kerr, Angels Camp, CA
I must say, I was extremely happy with your service. Your dedication to getting me a loan far surpassed anyone I've worked with in the past. Your relentless search payed off for me and I think you for the effort. You're the pitbull of brokers. You were easy to deal with and never made me intimidated in the process. Your persistence really helped me to "dodge a bullet", so to speak and I'll be forever grateful.
S. Bender, Staatsburge, NY
The house is great!!! Todd and I are so happy!.. Thank you so much for all your help!
E. Hernandez, Commack, NY
I want to thank you for all the work you did to get me this loan. You were honest, upfront, and always responded back when I had questions. I will refer you when ever someone is seeking a loan.

True Stories

Success #1 - Construction Completion Loan

Richard was out of money, with bad credit and needed a construction completion loan. More...

Richard called us in a panic. The lender he was using ran out of money while he was over half way through with the construction. He was stuck, he had bad credit, so no other lender would help him. He needed a hard money loan, a construction completion loan.

We quickly reviewed his situation, he couldn't go full doc because he was a self employed contractor. His credit scores was 564. Fortunately he did have equity in the project. It was a spec house on 40 acres in Northern California, unfortunately it was rural. He tried many lenders but none would help him because, incomplete construction, stated income, 564 fico, bad credit, rural, etc...

We issued him a $300,000 new 1st mortgage this loan was a 12 month term. That fixed his problem real quick. Upon receiving the money, he started back on the project, and now he is marketing the house to sell. He is also looking for his next project and knows where to get his financing.

Success #2 - Commercial Refinance Loan

James wanted to refinance his Commercial Loan More...

His property manager called me and wanted to refinance the commercial loan to a lower payment and pull $200k cash-out. The problem was his credit scores were in the low 600's. We immediately enrolled him in the CreditCleaners.Net credit repair program. After 35 days, his scores were above 700, so he was ready to refi.

His current payment was about $10,000 per month. After we studied the different loan options he chose a 7.125% 10yr fixed that rolls to an adjustable during the remaining 20yrs. Prior to closing I was able to get the underwriter to shave a little more off the rate so we funded at 6.875%.

His new monthly payment is $5100. This payment and new loan included giving him $200,000 in cashout to take care of property improvements and give him extra money to take care of some other matters. He was very happy.

Success #3 - Stated Income Refinance

Emma wanted a cashout refi $500,000 Stated Income More...

She had a 2 unit that she occupied one of the units and rented the other. She couldn't properly document her income so we went with a Stated Income refinance loan. She had poor credit with a 637mid FICO score. She wanted a $510k loan with cashout to consolidate higher rate mortgages and bills.

Not a problem, she faxed us the required paperwork real quick [recent mortgage & insurance statements, property tax bill and signed loan disclosures]. We immediately started processing the loan.

Strengths/Weakneses: She had equity, but no cash reserves that we could properly document so we had to state her assets also. Stated Income and a credit score that was somewhat low. Fortunately the loan closed easily, so we helped her get her cashout refi with a good low 30 year fixed rate. She was happy.

Success #4 - Private Money Loan

Raj needed a $3 million stop forclosure refi More...

Soon after his loan closed with his initial lender Greenpoint Mortgage, he noticed that they weren't properly crediting his payments. A year passed by and he continued to notice major accounting errors surfacing with the mortgage. He tried to contact them for months, then found out that they closed their doors. His loan was sold to a private servicing company. He couldn't get a hold of anyone at the new company for several months, unfortunately the lender filed a notice of default and was moving towards forclosure.

We immediately accessed the situation, emailed him a checklist of items to fax to us. He promptly faxed all items and emailed us photos of the property. We verified the value with comps, contacted one of our private investors and explained the details to him. That weekend our private investor inspected the property and the comps and determined the value was questionable. Raj had another property with some equity so the investor agreed to cross collateralize the properties. Funds were made available within 2 weeks.

Stated Income Loans

Many people can't rely on their tax returns to prove whether they can afford a mortgage. The self employed and many real estate investors fall into that category. That is where our stated income loan programs comes into play. If you don't want to show your tax returns or paystubs, you don't have to.

Stated Income/Verified Assets - We state your income [we don't verify income], we verify your assets [your bank acount, investments, 401k, IRA's to verify that you have cash reserves] underwriters like cash reserves, it shows you have the ability to save and assures the underwriter you have cash on hand to make future payments, if you have income problems.
Stated Income/Stated Assets - We state your income [we don't verify income], and we state your assets [we don't verify your bank accounts, or investments, 401k, IRA's].

We look forward to helping you accomplish your real estate loan needs, dreams and goals.

^ Top

Previous page: Stop Foreclosure Loan
Next page: Hard Money Loan