Other Loan Programs

Construction loans are used to finance the construction of a new structure. Whether you’re interested in building a brand new home for you and your family or you’re looking to construct a commercial property we can help craft a terrific lending solution. Each loan is as unique as the property you’re looking to construct.

We look forward to your questions about construction loans. Please call us to find out more.

Home equity loans call for the borrower to acquire a new loan on an already mortgaged property using the equity you’ve built as collateral. Home equity loans are typically reserved for those looking to pay down medical or consumer debt, start a business or pay tuition. Please contact us directly if you’re interested in a home equity loan. Most states restrict the amount of money one can borrow against their home. Interest rates on home equity loans are generally higher than conventional loans.

A popular loan type, conventional fixed rate loans feature a constant interest rate for the life of the life. Generally speaking, monthly payments remain constant. Traditionally borrowers are expected to provide a 20 percent down payment though this is not necessarily required. Contact us for details on down payment requirements. Available terms generally range from 10 years, 15 years, 30 years and 40 years.

Adjustable rate mortgages are loans where the interest rate is recalculated on a yearly basis depending on market values. As interest rates are adjusted so is the borrower’s monthly payment. While interest rates on ARM loans are generally lower than fixed rate loans they can eventually become higher. Various types of ARM loans include Hybrid ARMs such as 10/1 year, 7/1 year, 5/1 year and 3/1 year programs. Contact us for more information on adjustable rate mortgage loans.

A jumbo loan, or non-conforming loan, usually means any home loan for amounts higher than $417,000. Jumbo loans feature similar loan programs to fixed rate and adjustable rate programs. There are even FHA jumbo loans. The main difference between jumbo loans and conforming loans is the interest rate. Because jumbo loans are riskier for lenders they usually have higher rates. Learn more about jumbo loans by contacting us today.

Homeowners looking to decrease their interest rate may consider refinancing. A refinance calls for the homeowner to obtain another mortgage loan. Those funds are then used to pay off the original mortgage loan and the homeowner is then bound by the terms of the new mortgage. Depending on your situation a refinance loan could be a great option. Along with decreasing your interest rate, refinance loans can also help you switch from an ARM to a FRM, and in some cases reduce your loan term.

FHA loans are private loans insured by the federal government. These loans are popular with borrowers who don’t have enough funds to pay a traditional 20 percent down payment because they only require 3 percent down to qualify. Those who choose these loans are required to pay mortgage insurance which slightly increases their monthly payments. Lenders who wish to offer these loans must be approved by the Department of Housing and Urban Development. Please contact us today to find out if a FHA loan is right for you.

Reverse mortgage loans, also known as reverse equity loans, are only available to homeowners 65 or older. Like its name indicates, this program pays the homeowner either a one-time large payout or monthly installment. Once the loan term expires the house either becomes the property of the lender or the house can be sold to repay the debt. Reverse mortgage loans are great options for seniors looking to increase their monthly incomes. Contact us for more details.

Like a FHA loan, VA loans are private loans insured by the federal government. VA loans are only available to qualified military veterans and their families. These loans are only available to these individuals for their own primary residences and cannot exceed a $417,000 loan limit. For information on qualifying for this loan program please give us a call today.

HARD MONEY PRIVATE LENDING SERVICES RESIDENTIAL & COMMERCIAL REAL ESTATE INVESTMENTS

We are a direct Hard Money Lender that provides creative loan solutions for borrowers, backed by responsible real estate investors. We successfully serve California’s bridge lending market by providing short-term private money loans secured by commercial and residential real estate. Our financing is fast, flexible and structured around each individual client.

STANDARD RATES & TERMS

Interest Rates: As Low as 6.99% (Interest Only Payments)

LTV: Up to 70%

Lien Position: 1st Trust Deeds Only

Loan Fee: 1 – 3 Pts

Commitment Fees: None

Loan Amount: $50,000 and Up

Loan Term: Up to 36 Months*

Documentation: Stated Income*

Underwriting Times: 48 Hours

Closing Times: As little as 7 days

Geography: California Only

Whatever your financial requirements may be, we have unique funding solutions that fit.

• Since 2003 we have helped thousands of clients successfully obtain hard money residential and commercial investment property loans in amounts anywhere from $25,000 to $4,000,000.
• The hard money loan is designed to assist real estate investors who would like to close quickly on real estate purchase transactions, or to access existing equity on real estate already owned. NSM’s hard money loan is a fast and easy solution to realize your next investment opportunity. If you have a viable exit strategy that is short-term, NSM’s standard hard money loan is an excellent loan product to consider. This loan must be securitized in first lien position on either residential, multi-family, or commercial real estate.
• We close hard money investment property loans very quickly with affordable rates and aggressive terms that few others can offer.

Commercial Loans. Our Commercial Hard Money handles both purchase and refinance transactions on all types of commercial/income producing properties such as Retail Stores, Mobile Home Parks, Office Buildings, Industrial Properties, Apartment/Condominium Complexes, Restaurants, etc. Average closings for Commercial loan applications are generally 2-weeks to 3-weeks.

Residential Loans.NSM is providing private money for owner occupied borrowers in need of residential loans for a primary residence. Residential hard money loans are also available for non-owner occupied residential investment property.

Investment Property LoansThere are several reasons to seek out investment property loans, such as the speed with which they can be attained when compared with traditional lending and the flexibility of our private loan terms. Whatever your financial situation is—and regardless of what kind of property you wish to invest in—we can help you find a hard money investment property loan with the terms that you need to achieve your goal.

As a Direct Private Money Lender, we make quick lending decisions and can streamline the loan process which provides a quick turnaround time on making a decision and solving your financing needs.