Call Us NOW
(424) 321-6918
We help when you need it.
Hard Money Solutions: Your Key to California Real Estate Success
A California-based private money lender specializing in short-term real estate loans, we offer the fastest and most reliable funding options on the market. Our commitment to excellence has positioned us as a leading force in the real estate investment lending sector. Explore expert insights and navigate the real estate landscape with us. Discover the power of swift and flexible hard money loans, redefining success in California real estate and beyond. Tap into Troy's wealth of knowledge – your key to informed and profitable investments.
Results-Driven Hard Money Solutions You Can Count On
In general, hard money refers to loans that are backed by the value of a physical asset, typically real estate. These loans are often used by real estate investors who need quick access to funding and may not qualify for traditional bank loans due to factors such as poor credit history or the property's condition. Hard money loans typically have shorter terms, higher interest rates, and are secured by the property itself, making them a valuable tool for investors looking to leverage their assets for growth and opportunity.
Let our experience be your guide.
Experience the confidence of navigating the complexities of hard money lending with our seasoned expertise as your guide. Trust in our wealth of knowledge to navigate your real estate investment journey with confidence.
200k to 5M
1st & 2nd Position Loans (No Appraisal)
For Owner & Non-Owner Occupied properties.
Loan-to-Value (LTV): 60-65%.
5-Day Close available
No Minimum Credit Score required.
Supports Foreclosure Bailouts.
California Only.
Fix & Flips
Financing: 70-90% of purchase price + 100% of Renovations.
10-Day Close.
12-Month Term available Nationwide.
1st Position Loans (High LTV)
For Residential: 75% LTV.
For Commercial: 70% LTV.
Terms: 5 & 30-year options available nationwide.
Fill out our Quick Quote form on the button below, or email me directly to review your scenario. I'm committed to finding innovative solutions for unique deals and am always ready to get creative.
The Broker who consistently achieves the results you demand
Count on the guy who consistently delivers the results you need in hard money lending for your real estate investments.
Montana Jones
Montana is a determined entrepreneur with big dreams of flipping houses and creating a thriving real estate business. However, her ambitious plans were temporarily stalled due to a lack of available funds for her latest project. Fortunately, Troy stepped in with fast and flexible hard money lending options, providing Montana with the financial support she needed to kickstart her project without delay. With Troy's assistance, Montana is now able to move forward with confidence, knowing that she has the resources necessary to turn her vision into reality.
Benjamin Reed
Benjamin is a seasoned property developer with a proven track record of successful projects. However, his latest endeavor hit a snag when traditional financing options fell through at the last minute. Faced with a tight deadline and the risk of losing out on a lucrative opportunity, Benjamin turned to Troy for help. With his extensive knowledge of hard money lending, Troy quickly provided Benjamin with the funding he needed to keep his project on track. Thanks to Troy's prompt assistance, Benjamin was able to overcome the obstacle and complete his project ahead of schedule, leaving him grateful and satisfied with the outcome.
Frank Sanders
Frank is a passionate real estate investor with a keen eye for lucrative opportunities. He's always on the lookout for properties to add to his portfolio, but his latest venture required quick funding to secure a promising deal. Thanks to Troy's expertise in hard money lending, Frank was able to obtain fast funding, allowing him to swiftly close the deal and move forward with his project. With Troy's help, Frank is now on track to turn his investment into a profitable success, and he couldn't be happier with the outcome.
98%
Close Ratio!
97%
On Time Closing!
Allow our knowledge to lead the way.
Navigate your journey with confidence. Trust in our expertise to lead you to success!
Fresh Reads: Stay on top of the latest blog content.
Making Homeownership Affordable: Down Payment Programs Explained
What You Need To Know About Today’s Down Payment Programs
Buying a home is a significant milestone, but for many potential homeowners, saving for a down payment can be a daunting task. The good news is that there are numerous down payment programs available today designed to make the path to homeownership more accessible. Whether you’re a first-time buyer or looking to upgrade, understanding these programs can help you make an informed decision and ease your financial burden.
Understanding Down Payment Programs
Down payment programs are financial assistance programs designed to help buyers cover the initial cost required to purchase a home. These programs can come in the form of grants, low-interest loans, and other types of financial assistance. They aim to make homeownership more affordable by reducing the amount of money buyers need to save upfront.
Types of Down Payment Programs
1. FHA Loans
The Federal Housing Administration (FHA) offers loans that are particularly popular among first-time homebuyers. FHA loans typically require lower down payments and have more flexible credit requirements than conventional loans.
Key Features:
Down payments as low as 3.5%
Flexible credit score requirements
Mortgage insurance premiums required
2. VA Loans
The Department of Veterans Affairs (VA) provides loans to veterans, active-duty service members, and eligible surviving spouses. One of the most attractive features of VA loans is that they often do not require a down payment.
Key Features:
No down payment required
Competitive interest rates
No private mortgage insurance (PMI) required
3. USDA Loans
The United States Department of Agriculture (USDA) offers loans to promote homeownership in rural areas. These loans come with no down payment requirements, making them an excellent option for eligible buyers.
Key Features:
No down payment required
Lower mortgage insurance premiums
Must meet income eligibility and property location requirements
4. Conventional Loans with Low Down Payments
Some conventional loans also offer low down payment options. Programs like Fannie Mae’s HomeReady and Freddie Mac’s Home Possible are designed to help moderate-income buyers with down payments as low as 3%.
Key Features:
Down payments as low as 3%
Private mortgage insurance required until 20% equity is reached
More stringent credit requirements
Down Payment Assistance Programs
In addition to specific loan types, there are numerous down payment assistance programs available at the state and local levels. These programs can provide grants, forgivable loans, or low-interest loans to help cover the down payment and closing costs.
How to Find Down Payment Assistance Programs
State Housing Finance Agencies (HFAs): Many states have HFAs that offer down payment assistance programs. Check your state’s HFA website for more information.
Local Government Programs: Cities and counties often have programs designed to assist homebuyers. Contact your local housing authority or community development office.
Nonprofit Organizations: Organizations like NeighborWorks America and the National Homebuyers Fund provide assistance and resources for homebuyers.
Why Consider Down Payment Programs?
Affordability
Down payment programs make homeownership more affordable by reducing the upfront costs. This can be especially beneficial in high-cost housing markets where saving for a traditional 20% down payment can take years.
Flexibility
With various programs available, buyers can find options that best suit their financial situation and homeownership goals. Whether you’re a veteran, a rural homebuyer, or someone with moderate income, there’s likely a program that can help.
Support and Education
Many down payment assistance programs also offer homebuyer education and counseling. This can provide valuable knowledge and resources to help you navigate the home buying process and manage your finances effectively.
Conclusion
Navigating the world of down payment programs can be complex, but the benefits are well worth the effort. With the right information and guidance, you can find a program that fits your needs and helps you achieve your dream of homeownership.
Ready to take the next step? Contact me today to learn more about the down payment programs available to you and how we can make your homeownership dreams a reality. Let’s explore your options together and find the perfect solution for your unique situation!
📧 Email: [email protected]
📱 Phone: 562-244-7963
🔗 More info: linktr.ee/tmirebroker
Don’t wait – your dream home is within reach!
The Mortgage Broker who delivers results.
Your success in real estate starts here.
Equal Housing Opportunity | Mortgage Loans | Company NMLS: 1795353 | NMLS consumer access: https://www.nmlsconsumeraccess.org/ This material is intended solely for the use of licensed mortgage professionals and real estate agencies. Distribution to consumers is prohibited as defined by section 1026.2 of Regulation Z, which implements the Truth in Lending Act. We does not provide legal advice, and nothing here should be relied upon as legal advice. Program and rates are subject to change without notice. Not available in all states. Terms subject to qualification. We are a residential and commercial real estate company as well as a mortgage broker. This is not a commitment to lend. Restrictions may apply. LTV limits are based on current, accurate appraised value. We reserves the right to amend rates and guidelines. All loans are made in compliance with federal, state, and local laws. American Home Loans is a California Mortgage Broker under DFPI & NMLS #1373777 & 1795353.