Real Estate Loans: Turning Property Dreams into Reality
Real estate loans are the cornerstone of property ownership and investment, offering individuals and businesses the financial means to acquire, develop, or refinance properties.
Whether you're a first-time homebuyer, a real estate investor, or a business owner seeking to expand, real estate loans provide the key to unlocking the potential of real property
assets.
We offer various types of Real Estate Loans: Tailored for Diverse Needs
- Home Equity Loans: These loans allow homeowners to borrow against the equity they've built in their homes, using the property as collateral.
- Home Equity Lines of Credit (HELOCs): Similar to home equity loans, HELOCs provide a revolving line of credit based on the home's equity, allowing borrowers to access funds as needed.
- Construction Loans: Intended for building projects, construction loans provide funds to cover the costs of constructing new properties or renovating existing ones.
- Bridge Loans: Temporary financing solutions that "bridge" the gap between selling a property and purchasing a new one, or between construction and long-term financing.
- Commercial Real Estate Loans: Funding for acquiring or developing commercial properties.
- Refinance Loans: Refinancing involves replacing an existing loan with a new one to take advantage of better terms, lower interest rates, or to access equity.
- Real Estate Investment Loans: These loans cater to investors looking to acquire income-generating properties like rental homes or commercial real estate.
- Land Loans: For purchasing undeveloped land, land loans provide the initial funding before construction or development.
- Reverse Mortgages: Aimed at seniors, reverse mortgages allow homeowners to convert home equity into cash while retaining ownership, with repayment due when they sell, move, or pass away.
- And lots more....
Loan Requirements
However, here are some common basic requirements that are often necessary when applying for a real estate loan from us:
-
You must be of legal age to enter into a mortgage contract, typically 18 years or older.
-
Minimum Credit Score of 520. A higher credit score leads to better loan terms.
-
Proof of Identity, Proof of Income & Proof of Address.
-
An appraisal of the property to determine its current market value.