We Offer Hard Money Loans In & Around The Phoenix Valley!
HOW TO QUALIFY FOR A HARD MONEY LOAN
Would you like more information about how to qualify for, or get a hard money loan? Have you had a Foreclosure? Are you a Non-US Citizen? Short Sale? Discharged Bankruptcy? No “Established Credit”… No Problem! Brad is Arizona’s premier ‘no credit’ or ‘bad credit’ mortgage lender!
Easy Loan Borrower Qualifications
NO PREPAYMENT PENALTY!
Loans For Owner-Occupants
If you need a loan for a residence you intend to occupy, Brad Loans can help! Minimum requirements for owner-occupied loans includes the following. Regardless of credit issues you will likely qualify for a Brad Loan if you can prove adequate income and have the down payment! It’s really that simple.
- Minimum 20% cash down payment for a purchase
- In addition, you will need cash required for loan fees, closing costs, and prepaids
- Refinance, equity of 35% or more required
- Proof of income showing less than 45% of your gross income (before taxes) will go toward your proposed BRADLOAN payment, existing car payments, student loan or credit card payments.
- Bank statement showing funds available for down payment, loan fees, and third party closing costs. Copy of IRA or 401(k) statements if applicable
- Proof of income: 30 days of paystubs, last two years federal tax returns and W-2’s or 1099’s, OR 24 months of bank statements (instead of tax returns), where we will average 24 months of deposits to determine average monthly income
- Debt to income ratio must be below 45%
- Copy of Purchase Contract assuming a purchase
- Valid ID (US or Foreign)
- Appraisal and title report (ordered by eMortgage Inc.)
- Loans can be funded as soon as 7 to 10 days from application
We Have An A+ Rating From The Better Business Bureau, And 5 Star Reviews On Yelp!
Loans For Investors
- 30% cash DOWN PAYMENT or more for a purchase (Up to 70% Loan to Purchase Price or After Repair Value)
- In addition, you will need cash required for loan fees, closing costs and prepaids
- Refinance, equity of 35% or more
- Proof of working capital funds
- Up to 100% Loan to Value of Purchase price when using a 2nd Free & Clear property for additional collateral (cross-collateralization)
- Bank statement showing down payment funds and other available working capital. Copy of IRA or 401(k) statements if applicable
- Copy of lease(s) if applicable
- Copy of Purchase Contract
- Valid ID (US or Foreign)
- Appraisal and title report (ordered by eMortgage Inc.)
- Loans can be funded in as little as 3 to 5 days from application
Sign Up For Our E-Newsletter!
We Lend On Properties In The Greater Phoenix, Arizona Metropolitan Areas
Call 480.948.0880 or fill out our 5 minute, simple ONLINE LOAN APPLICATION to get approved for a Brad Loan today!