Anyone Had experience with this hard money lender?

[Jeremy Tompkins]

Hey all, 

  I was wondering if anyone had experience with First Choice Loan www.firstchoice-loan.com out of Sacramento California? I filled out a very  vague "application" and was "approved" quickly which seems a little fishy. Anyone had experience with this lending group? I can provide more info if needed. Thanks! -Jeremy

[Jay Hinrichs]

well CA based lenders that do loans on one to four units must have either

real estate brokers license  and NMLS registration or a consumer finance license

and usually its mandatory to have that on their website.

also telephone number is LA  address is Sacramento.. I mean the website looks fine except for those 2 little things.

as long as they are not hitting your up with up front due diligence and depends on what kind of loan your looking for.

many many quality lenders in CA that are able to perform and are properly licensed.

pop on to lendinghomes website you will see what I mean about licenses it will be clearly denoted on their website at the bottom that's the first thing I look for when I look at these sites.. in states I know you need licensure for 1 to 4..

now like in Oregon commercial purpose 5 unit or more  new construction .. retail etc no licensed required.

WA for instance 1 to 4 if its business purpose no license required and its were you domicial is were the licenses are mandatory.