Despite the recent increase in interest rates, owner occupied single family loans are below 5% for conventional, FHA and USDA rural. FHA requires only 3.5% down payment. USDA rural home loans require 0% down payment. 3/1, 5/1 and 10/1 fixed variable combo rates are a great alternative if you want an even lower rate. Purchasing a home through Madera is your best one stop for real estate and mortgage services. Call Bill 520-241-0969 or to get started please complete the attached residential loan application we use for all loan requests.
July 1st, 2013 | Refinance, Purchase Loans, Tucson Home Loans, USDA, Rural, Tucson Home Loans
Madera has the bank fallout options to finance your property. Hard to find loans are available through Madera with our network of investors and institutional lenders. We saved a property from foreclosure when the banks would not provide the loan extension. They wanted out of the loan. Our investor made a 25 year due in 10 years loan at 11.5%. Not bad when you consider the consequence of a foreclosure on a LTV of less than 50%. The banks don't get it but we do. We are working with the borrower on a lower rate loan. When the note comes due and the lender will discount the principal amount owin...
July 1st, 2013 | Tucson Hard Money Loans, Refinance, Purchase Loans, Tucson Hard Money Loans