At MortgageDepot, we understand that time is of the essence when it comes to purchasing a property. That’s why we offer financing options that allow you to quickly close on a property, especially one that needs little or no rehab. Here are a few of the loan options we offer:
- Bridge loans: These short-term loans can help you purchase a property quickly, with the intention of refinancing or selling it in the near future. Bridge loans can provide the capital you need to purchase a property that requires minimal repairs, or even none at all.
- Hard money loans: If you need to close on a property quickly, a hard money loan may be the right option for you. These loans are asset-based, meaning the lender evaluates the property itself to determine if you’re eligible for the loan. Hard money loans can be useful if you’re purchasing a property that needs little or no rehab, as they can be closed quickly.
- FHA 203(k) loans: If you’re looking to purchase a property that needs minor repairs, an FHA 203(k) loan may be the right choice for you. These loans allow you to finance the cost of repairs into your mortgage, so you don’t have to pay for them out of pocket. This can be a great option if you’re looking to purchase a property that needs minor repairs, such as new appliances or fresh paint.
At MortgageDepot, we work with a variety of lenders to find the right loan option for you. Whether you’re purchasing a property that needs minimal repairs or none at all, we can help you find the right loan that fits your unique needs. Contact us today to learn more about our financing options.
Here are some of the benefits of working with MortgageDepot for your property purchase:
- We have a team of experienced mortgage professionals who can guide you through the financing process and help you find the right loan for your needs.
- We work with a variety of lenders, so we can find the best loan option for you.
- Our application process is streamlined and efficient, so you can get the financing you need quickly.
- We offer competitive rates and flexible terms, so you can find a loan that fits your budget.
If you’re looking to purchase a property that needs little or no rehab, contact us today. We’re here to help you find the right financing option for your needs.
Connect with one of our loan consultants to learn more.
