Remove Banks Remove Closing Remove Debt-to-income ratio Remove Hard money loan
article thumbnail

3 Alternative Home Loan Options for People with Bad Credit

Rent, Buy & Sell

Though it’s called an FHA loan, the FHA (Federal Housing Association) doesn’t actually fund the loan. Instead, they guarantee the loan by approving and insuring banks and lending institutions. With FHA backing, these loans are more attractive to banks as they come with less risk than a traditional mortgage.

Loans 98
article thumbnail

The Best Hard Money Lenders for 2023 (Interest Rates, LTV, Fees & More)

The Close

In my 28-year career in real estate and investing, I have had to source hard money financing for everything from simple fix-and-flip properties to multi-million-dollar apartment building rehabs. Let’s start with my top picks for hard money lenders. What is a hard money loan? We are here to help!