Hard Money Loans
Hard Money Loans are short-term, asset-based loans that provide fast access to capital for fix-and-flip investors and developers. Approval is based on property value, not borrower income.
Rehab draws available for renovations, a great option when banks decline, and flexible for investors.
Key Characteristics
Fast approval and funding (within days).
Based on property collateral, not income.
Ideal for fix-and-flip or distressed purchases.
Short terms (6–24 months).
Rehab draws available for renovation projects.
Good solution when banks decline.
Flexible for investors.
Flexible financing terms.
Russell Crawford. NMLS# 2281906
NEXA Mortgage LLC
5559 S Sossaman Rd BLDG #1 Ste #101, Mesa, AZ 85212
Company NMLS # 1660690 | AZMB - 0944059
5) FHA loans allow for higher debt-to-income ratios, which can help borrowers with higher levels of debt qualify for a mortgage
6) FHA loans can be used to purchase a variety of property types, including single-family homes, multi-unit properties, and condominiums
7) FHA loans offer options for refinancing, including streamline refinancing and cash-out refinancing, which can help borrowers lower their monthly mortgage payments or access equity in their home.
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.NEXA Mortgage
. - Compnany NMLS # 1660690 - AZMB - 0944059 | 5559 S Sossaman Rd Bldg #1, Ste #101 Mesa, AZ 85212
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Notice To Texas Loan Applicants: Consumers wishing to file a complaint against a mortgage banker, or a licensed mortgage banker residential mortgage loan originator, should complete and send a complaint form to the Texas Department of Savings and Mortgage Lending, 2601 North Lamar, Suite 201, Austin, TX 78705. Complaint forms and instructions may be obtained from the department’s website at www.sml.texas.gov
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A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed mortgage banker residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at www.sml.texas.gov