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
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