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GEORGIA HARD MONEY MORTGAGE LENDERS

Our Georgia Hard money lenders are private Georgia hard money lenders offering a specialized hard money equity based mortgage loans. These Georgia Hard money lenders provide short-term loans that provide funding based on the value of Georgia property that is being secured by the hard money mortgage loan. Our Georgia Hard money lenders provide financing that does not have all the red tape or document requirements that borrowers normally incur with conventional bank financing. Hard money Georgia lenders provide hassle free loans with higher interest rates to bad credit  Georgia mortgage applicants with recent foreclosures and/or bankruptcies that don’t conform to bank standards. Hard money Georgia mortgage lenders will offer a range of requirements based th (loan to value), what types of real estate (commercial, residential, multi-family, land) and minimum and maximum loan sizes
GEORGIA HARD MONEY LOAN OPTIONS INCLUDE: 

  • BUY 1 DAY AFTER A FORECLOSURE OR BANKRUPTCY!
  • BAD CREDIT – GEORGIA HARD MONEY LOANS
  • NO CREDIT SCORE -GEORGIA HARD MONEY LOANS
  • HARD MONEY REFINANCE CHAPTER 13 BANKRUPTCY
  • STOP FORECLOSURE- GEORGIA HARD MONEY LOANS
  • NO DOC GEORGIA HARD MONEY LOANS CLOSE 7-10 DAYS!
  • HARD MONEY BAD CREDIT SECOND GEORGIA MORTGAGE
  • HARD MONEY BAD CREDIT GEORGIA MORTGAGE REFINANCE
  • ALL GEORGIA HARD MONEY LOAN PROPERTY TYPES
  • CHECK GEORGIA HARD MONEY INTEREST RATES

GEORGIA HARD MONEY LENDERS REQUIREMENTS- Credit is not a major deciding factor for our Georgia hard money loan programs. We welcome all bad credit and no credit Georgia hard money loan applicant’s with all credit types and all bad credit situations. We provide hard money loans to stop foreclosure including hard money loans for borrowers in every type of bad credit loan situation. If you are purchasing a short sale, REO, a Georgia property in foreclosure, or your in need of rehab, a commercial property purchase, or you need refinance to pay off a Georgia tax lien, including all other hard money Georgia loan request.

  • SUMMARY GEORGIA HARD MONEY TERMS
  • 60-70% loan to value based on PURCHASE PRICE.
  • Credit not a major factor in Hard Money Approval (unless refinance is your exit strategy)
  • 50-65% on 1-4 unit Georgia investment properties cash out loans
  • 50-60% on Georgia commercial properties
  • Seller second mortgage allowed
  • Gap funding 2nd second Georgia Mortgage lien allowed.\
  •  Hard money interest rates start at 8.95%.

 GET PRE APPROVED NOW!

  • RISK FOR HARD MONEY MORTGAGE LENDERS- Georgia loan applicants with find that Hard money Georgia lenders are more expensive than traditional Georgia loans because they are not based upon traditional credit guidelines.  Recently Hard money Georgia lenders have had high default rates and now are more cautious about Georgia home values. Some Georgia hard money lenders may not require the income verification that typical mortgage lenders require. As a result hard money Georgia lenders experience higher default rates and, thus, charge a higher rate of interest to compensate for loses. Georgia hard money loan applicants obtain hard money Georgia home loans typically because they are bad credit Georgia mortgage  applicants and they do not qualify for traditional loan because they have acceptable credit or no credit score Georgia loan documentation typically required by conventional Georgia mortgage lenders. According to the new Dodd-Frank Act of 2010 enacted as a result of recent massive foreclosures the federal law now requires that all Georgia hard money lenders verify “ability to repay” – on all residential property loans. In order to prove “ability to repay” hard money Georgia lenders will be asking loan applicants to document the ability to repay the hard money loan. Georgia Hard money loan documentation requirements are not as stringent as the documentation required for a conventional loan, and the Georgia hard money lenders will use their own criteria to approval your hard money loan differently, but more than likely, you will still have to provide, W2s, pay stubs or a tax return to keep the hard money Georgia mortgage lenders compliant with the new Georgia hard money loan laws.
  • HARD MONEY TERMS- Hard money Georgia loan terms are typically of a shorter term than conventional loans, although you can find a Georgia hard money loan amortized for 30 years to keep your payments lower with balloon loan notes that become due in 5 to 10 years. As a result of the shorter term, Georgia hard money loan applicants should be sure that they have taken the necessary step to repairs their credit or to either refinance, pay off the hard money loan, or sell the property before the hard money loan term become due.
  • HARD MONEY PREPAID LOAN INTEREST LAW- As a result of the new Dodd-Frank Act of 2010, it is illegal for a Georgia hard money lender to require a Georgia borrower who will be occupying the residential property as a primary residence to pay more than (2) two months of prepaid interest in advance. That means that the Georgia hard money lender cannot require a Georgia hard money loan applicants to pay more than a full year of payments in advance – called “prepaid interest”. However, the Georgia hard money lenders can require this on a non-residential Georgia hard money loan.