At MortgageDepot, we perceive that point is of the essence in relation to buying a property. That’s why we provide financing choices that assist you to shortly shut on a property, particularly one which wants little or no rehab. Listed here are a couple of of the mortgage choices we provide:
- Bridge loans: These short-term loans may help you buy a property shortly, with the intention of refinancing or promoting it within the close to future. Bridge loans can present the capital you could buy a property that requires minimal repairs, and even none in any respect.
- Exhausting cash loans: If you could shut on a property shortly, a tough cash mortgage will be the proper choice for you. These loans are asset-based, which means the lender evaluates the property itself to find out for those who’re eligible for the mortgage. Exhausting cash loans will be helpful for those who’re buying a property that wants little or no rehab, as they are often closed shortly.
- FHA 203(ok) loans: When you’re trying to buy a property that wants minor repairs, an FHA 203(ok) mortgage will be the proper selection for you. These loans assist you to finance the price of repairs into your mortgage, so that you don’t must pay for them out of pocket. This generally is a nice choice for those who’re trying to buy a property that wants minor repairs, resembling new home equipment or contemporary paint.
At MortgageDepot, we work with quite a lot of lenders to search out the fitting mortgage choice for you. Whether or not you’re buying a property that wants minimal repairs or none in any respect, we may help you discover the fitting mortgage that matches your distinctive wants. Contact us at this time to study extra about our financing choices.
Listed here are a number of the advantages of working with MortgageDepot to your property buy:
- We now have a crew of skilled mortgage professionals who can information you thru the financing course of and enable you to discover the fitting mortgage to your wants.
- We work with quite a lot of lenders, so we will discover the very best mortgage choice for you.
- Our software course of is streamlined and environment friendly, so you may get the financing you want shortly.
- We provide aggressive charges and versatile phrases, so you’ll find a mortgage that matches your price range.
When you’re trying to buy a property that wants little or no rehab, contact us at this time. We’re right here that can assist you discover the fitting financing choice to your wants.
Join with considered one of our mortgage consultants to study extra.