RESIDENTIAL BRIDGE LOANS
BRIDGE LOANS
BENEFITS
Stated Income, No Debt To Income Requirements
Interest Only Payments
No Pre Payment Penalty On The 1 year Term
Fast Valuation Process
Up to 80% LTV
Close quickly, 10-12 business days
As a Bridge lender, we offer low interest rates, adjustable conditions, and swift closings to our clients. We are equipped to handle all types of borrowers and even intricate situations. Insource Funding is more efficient and cost-effective than our competitors in many cases. We have the necessary resources, experience, and information to finance your residential loan. Whether you are buying or refinancing a condominium, house, duplex, triplex, or quadruplex, we are able to support your residential Bridge loan.
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Why Use Bridge Financing?
Our Bridge Loans provide you short-term financing to "bridge" the gap between now and when you may be looking to qualify for more conventional financing, or for when you're looking to sell the property. And an added plus, it gives you the time and the opportunity to increase your FICO or improve your DTI.
We provide Bridge loans for various types of residential properties, including single-family homes and multi-unit projects. As a direct bridge lender, we have the expertise and resources to assist borrowers who wish to purchase property or refinance their current hard money loan. We also collaborate with real estate agents and mortgage brokers who want to help their clients secure private money financing., we offer Bridge loans for fix and flip projects. Whether you are an experienced property flipper or just starting out, Bridge loans can provide the necessary funding. They are an excellent option for real estate investors seeking to renovate a home, complete smaller remodeling projects, or diversify their portfolio through property holdings
Why Choose US For Bridge Loans?
There are many reasons why you may opt for a private bridge loan. For instance, if you were recently turned down for a loan from a traditional lender or bank, a bridge loan may be a viable option as private lenders focus on your equity instead of your financial history. Additionally, some people may choose a private lender for residential property because they are self-employed or have an insufficient employment history, which is often required by banks for loan approval. Insource Funding is proud to offer asset-based funding to individuals in such circumstances, providing access to the capital needed to launch your project. Unlike banks, which require extensive paperwork and months of approval time, we offer 24-hour loan approval and closings in 10-15 days. Our private capital allows for quick and flexible funding, something banks cannot offer. Based in Boca Raton, Florida, we serve savvy investors looking to buy, renovate, or flip properties with streamlined services to help secure their new property in no time!
When is it Appropriate to Get aBridge Loan?
When evaluating financing options for real estate, it's crucial to understand when certain loans are most suitable. Bridge loans or residential hard money loans are an appropriate choice in several scenarios, including:
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Low credit score: If you have a low credit score, traditional lenders and banks may reject your application as they doubt your ability to repay the loan. At Insource Funding, we place greater emphasis on your property equity than your financial history.
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Urgent need for funds: If you're a real estate investor looking to secure a deal, having the ability to close quickly with the necessary funds can give you an edge over other bidders and attract sellers.
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Fix-and-flip projects: If you're focused on flipping houses, bridge loans are the ideal solution. Unlike banks, which base their loans on the original value of the property, private lenders consider the after-repair value, providing you with greater value for your investment.
How do I Qualify for a Bridge Loan?
If you're searching for a reliable private lender, look no further than Insource Funding. We are here to provide the funding you need for your residential property. Whether you're seeking hard money loans in Florida or nationwide, the process of qualifying is straightforward. We work closely with our clients to tailor loan terms to their specific needs, ensuring that you receive the best possible deal for your financial situation. Our residential bridge loans start with a low interest rate of 8.5%** and we finance up to 80% of the purchase price and 100% of the rehabilitation costs. To explore your options for real estate financing, contact one of our knowledgeable staff members today!
Choosing a Residential Bridge Lender
When choosing a lender for your bridge loan, trustworthiness is key. Real estate financing is a significant investment and it's essential to find a lender with a solid reputation. Insource Funding has a long history of successfully helping clients, mortgage brokers, and real estate agents in their real estate ventures with over $400 million in loans funded. With a proven track record of helping over a thousand individuals, you can feel confident in choosing Insource Funding for your lending needs.
The Bottom Line
At Insource Funding, we strive to empower our clients to achieve their real estate goals. We offer a variety of loan options for various types of residential properties, including single-family homes, apartments, multi-unit projects, and fix and flip projects. Regardless of your credit history or previous financial difficulties, our team is here to help you move forward and invest in real estate. Our priority is to provide exceptional customer service and tailor our loan options to each individual's needs and equity. Contact us today and learn more about how we can help you achieve your real estate dreams.