First Time Investment Mortgage Loan Programs
PurcPurchase Your Dream Home or Real Estate Investment with Greatland's First Time Investment Hard Money Incentive Loan Programs
As a first time buyer on an investment property there are a number of recommended steps you must take to close a successful real estate investment purchase. A typical first time investor will be purchasing an investment property to place their own business in. In a situation like this, in many cases the previous financials from the former owner may not be sufficient to justify a traditional real estate investment bank loan. Which can be troublesome especially when forecasting the success of your business finances show strong growth in the years to come.
If a first time buyer is faced in a diffult loan approval situation a hard money investment loan is a viable alternative to traditional bank financing for real estate investments. With a 10% investment into the property, first time investors are often able to convince the seller to hold a note for 25% of the purchase price. Through one of Greatland Financial's private investors, first time investors can purhcase can be financed in a mortgage loan for 65% of the purchase price.
7 easy steps to our first time investment buyer's loan approval process:
- Commercial loan application
- Borrowers loan application
- Borrowers authorization form to run credit report
- Escrow instructions
- Preliminary title report
- Appraisal inspection report
- Real estate purchase agreement
You'll find near competitive rates when making comparisons between traditional bank rates and hard money rates. Ready to start? Let us help - we're with you every step of the way. Call (888) 684-7328 now for a loan consultation at no cost or obligation.
