At MortgageDepot, we perceive that point is of the essence in terms of buying a property. That’s why we provide financing choices that mean you can rapidly shut on a property, particularly one which wants little or no rehab. Listed below are a number of of the mortgage choices we provide:
- Bridge loans: These short-term loans will help you buy a property rapidly, with the intention of refinancing or promoting it within the close to future. Bridge loans can present the capital it’s worthwhile to buy a property that requires minimal repairs, and even none in any respect.
- Exhausting cash loans: If it’s worthwhile to shut on a property rapidly, a tough cash mortgage often is the proper possibility for you. These loans are asset-based, which means the lender evaluates the property itself to find out in the event you’re eligible for the mortgage. Exhausting cash loans might be helpful in the event you’re buying a property that wants little or no rehab, as they are often closed rapidly.
- FHA 203(ok) loans: If you happen to’re seeking to buy a property that wants minor repairs, an FHA 203(ok) mortgage often is the proper selection for you. These loans mean you can finance the price of repairs into your mortgage, so that you don’t need to pay for them out of pocket. This is usually a nice possibility in the event you’re seeking to buy a property that wants minor repairs, similar to new home equipment or contemporary paint.
At MortgageDepot, we work with a wide range of lenders to seek out the fitting mortgage possibility for you. Whether or not you’re buying a property that wants minimal repairs or none in any respect, we will help you discover the fitting mortgage that matches your distinctive wants. Contact us at the moment to be taught extra about our financing choices.
Listed below are a few of the advantages of working with MortgageDepot in your property buy:
- We’ve a crew of skilled mortgage professionals who can information you thru the financing course of and aid you discover the fitting mortgage in your wants.
- We work with a wide range of lenders, so we will discover the perfect mortgage possibility for you.
- Our utility course of is streamlined and environment friendly, so you may get the financing you want rapidly.
- We provide aggressive charges and versatile phrases, so you will discover a mortgage that matches your finances.
If you happen to’re seeking to buy a property that wants little or no rehab, contact us at the moment. We’re right here that can assist you discover the fitting financing possibility in your wants.
Join with considered one of our mortgage consultants to be taught extra.