Do You Know What Is Best For Your Home Buyer or Seller?

Experienced real estate agents know they need to be familiar with the loan products out there for their buyers.

There are really only a few loan programs:

- The government regulated (Fannie Mae/Freddie Mac, FHA, VA)

- In-House loans (credit unions and local banks)

- Alternative financing, also known as “Hard Money”

The biggest advantage to Hard Money is, not only can it be fast, it is treated as a cash offer in most circumstances, thus assisting in strengthening one’s purchase offer. It can also be used to purchase or refinance a dump-property, bad credit borrower, irregular income borrower, large cash-out borrower, Bridge loans, jumbo loans, etc.

The government regulated loans such as FHA are quite regulated. More in-house loans are being done by credit unions and banks and can appear stronger in offers, but they still come with tighter loan qualifications. Hard money has little bureaucracy, deals can be approved and closed in just a few days, there’s no red tape as to qualifications and rates are improving with the hot real estate market.

I invite any questions or scenarios you may have.  Don't hesitate to contact me here, on BiggerPockets, our company website at www.Sunpacmortgage.com or at my office 707-523-2099 and see what I can do for you and your home buyers.

Best, Ken - Another Guy in the White Hat

Lead Loan Originator at family owned and operated Sun Pacific Mortgage & Real Estate, a Hard Money Broker serving all of California since 1988.