If you are in any rush to get a hard money loan, Lendersa will present you with offers from top subprime or prime lenders.
Our goal is to make sure you get the best possible loan available; therefore, we invented tools to improve your loan request and increase your chances of getting a better loan.
There are thousands of valid reasons to get hard money loans in Los Angeles County and in order to evaluate benefits costs versus and liabilities, you should first find out if you can get a better rate and term than a standard hard money loan.
I was denied already by 3 lenders.
VIEW ANSWERYes. No matter how many times you were rejected in the past, Lendersa® offers new hope with a threefold advantage:
Lendersa Advanced Calculator has all the hard money calculator features plus many others. It will enable you to use the LoanImprove tool to optimize your request and potentially bring interested lenders to give you loan proposals. Lendersa Advanced Calculator is FREE. Start now
I need money for personal use.
VIEW ANSWERYes. Although most hard money lender prefers to lend to non-owner occupied business purposes loans, still many lenders will lend Hard Money for personal use. Since there are many factors involved in determining your eligibility the best way to find out is to enter your non-confidential financial data, your property, and your financial need to Lendersa Advanced calculator to observe the results and to improve it with our LoanImprove™ system.
Lendersa Advanced Calculator is FREE. Start now
I don't have equity in my property.
VIEW ANSWERNo. But perhaps other loan programs from portfolio lenders are possible for you. Hard Money loans are all about equity, but you may qualify to other loans from portfolio lenders, especially after you use out LoanImprove ™. Other possible solutions are co-borrower with good income or good income or pledging additional property which has equity.
Use Lendersa Advanced Calculator to find out. It does not cost anything to find out, and it takes only a few short minutes to know what are your chances to the loan you need. Lendersa Advanced Calculator is FREE. Start now
I own vacant land.
VIEW ANSWERYes. Hard money lenders lend on Vacant Land, but the lender must know the condition of the land to decide on the maximum loan amount and the cash-out amount. Lendersa land calculator guides you through a series of questions every lender land lender must know about the land. The final approval will depend on the condition of the land. Zoning, is the land ready to build? Any plans? Permits? Geological reports? Any grading already is done? Utilities? Nearby properties?
It takes only a few short minutes to know your chances to get the loan you need. Lendersa Advanced Calculator is FREE. Start now
I have terrible credit.
VIEW ANSWERYes. Hard money lenders lend against the equity in your property. If you have sufficient equity, you may be able to get a Hard Money loan with Bad Credit and no income. Lendersa Pre-Application system shows you what are your chances before calling any lender and then gives you clues on how to improve it. The LoanImprove™ engine exploits lenders guidelines to increase your chances for a better loan.
In a few short minutes, you will know your chances to get the loan you need. Lendersa Advanced Calculator is FREE. Start now
I'm not a citizen, and I don't have a green card.
VIEW ANSWERYes. Hard Money Loan programs and Portfolio loans programs are available to foreign nationals. If you already have a “Hard Money” or “SubPrime” mortgage with a high rate and have improved your credit, you may be able to obtain a new mortgage with better terms.
In a few short minutes, you will know your chances to get the loan you need. Lendersa Advanced Calculator is FREE. Start now
I want to get 100% financing on a Fix N Flip property.
VIEW ANSWERYes. 100% financing for Fix N Flip is possible under certain conditions. Although lenders can finance 100% of the purchase, some cash may be required for closing cost and part or all of the rehab work. Since there are many factors involved in underwriting a Fix N’ Flip Property Lendersa is developing a dedicated calculator just for Fix N’ Flip loans. Here are the common considerations that Lendersa® Advance calculator calculates:
In a few short minutes, you will know your chances to get the loan you need. Lendersa Advanced Calculator is FREE. Start now
I don't want to pay any fees.
VIEW ANSWERYes. Although most hard money loans have origination points and other fees, it is possible to get a Hard Money loan without any fees. Not having fees can translate into having a higher interest rate and or prepayment penalties. You can have hundreds of loan options all depending on your financial situation the property and your need. Lendersa® Advance calculator has a fee Filter enable you to select loan programs without fees or limited fees.
In a few short minutes, you will know your chances to get the loan you need. Lendersa Advanced Calculator is FREE. Start now
I need a long-term loan.
VIEW ANSWERYes. Many Hard Money lenders offer long terms financing. Since hard money loans carry a higher interest rate, it behooves the borrowers to refinance it as soon that it feasibly can be done. The Advance Calculator has a Minimum Loan Term filter that allows you to select loan programs which fit your minimum desired loan duration. You may also be able to get a better rate and terms with a portfolio loan program.
Enter the information in Lendersa® Advanced Calculator is FREE you may be delighted to see that you qualify for a better loan than the one you were let to believe possible. Start now
I need short terms with no prepayment penalty.
VIEW ANSWERYes. A prepayment penalty can be a big factor in any Hard Money Loan, and careful consideration should be given to it. A prepay is not always bad. If you know that the loan won't be paid in a certain time, accepting the prepay penalty for a short duration can save you money on interest and fees. Use LoanImprove™ engine to tweak the loan request.
You will be able to filter out any unfavorable prepay duration with the Max Penalty dropdown menu. Lendersa® Advanced Calculator also gives you the option to select between different kinds of Prepay Penalty. Start now
I have a different special situation.
VIEW ANSWERLendersa Advanced Calculator analyzed the most extreme loan scenarios and helped you to attract lenders to review your loan request.
It also enables you to describe your situation and upload documents for additional clarification. We don’t you waste time with loans that no one can fund and we don’t want you to miss any opportunity to find lenders that would love to fund your loan if only presented correctly.
In a few short minutes, you will know your chances to get the loan you need. Lendersa Advanced Calculator is FREE. Start now
Did You Know…?
Some Hard Money Loans In Los Angeles County, Have Rates And Terms That Crush BIG Banks?
Thousands Of Private Investors Are Waiting To Look At Your Loan Request And You Get To Qualify Them BEFORE You Say YES to a loan.
Seeking Hard Money Loans in Los Angeles County?
Direct Lenders have the money ready to go, and if they decide they like your loan, they can give you a quick answer and fund it directly.
However, Direct Lenders can be somewhat restricted with their underwriting.
The Direct Lender can do only certain kinds of hard money loans in Los Angeles County. If your qualifications fit, the Direct Lender can approve the loan quickly, but if your Loan Request is outside their guidelines, they will not be able too.
Great Hard Money brokers will shop your loans to Private Investors or Wholesale Lenders and normally have access to a large variety of loan programs. The problem with getting a loan through a broker is that it can take a little longer to get an answer.
As far as pricing, a Hard Money Broker tends to be slightly more expensive, but it is not always the case.
There are many good Direct Lenders, and there are many excellent Hard Money brokers.
It is difficult to judge which one will be better for you without knowing your specific loan scenario.
A commonsense approach is to contact several Hard Money brokers and several Direct Lenders and compare the results.
Lendersa’s ‘Super Loan Integrated Qualifier’ does it for you in minutes.
Instead of you wasting days and weeks, looking for lenders, filling out applications, and wasting time repeating your request to each lender, you can fill one form out and get an answer within 5-10 minutes!
Finding the best possible hard money loans in Los Angeles County has never been simpler. With our quick, secure, and simple form you can get started instantly in securing the loan you need.
Get Started!