Owner finance and private loans
When it comes to financing land, mobile homes or properties (residential and commercial) traditional mortgages may not always be the best fit. For many prospective landowners or mobile home buyers, private loans and owner finance options offer an attractive alternative to conventional financing options. Whether you’re looking to purchase land for personal use, investment purposes, buy a home or buy a mobile home, private loans provide flexibility and access to capital.
Why consider owner finance and private loans?
- Flexible Financing: Private lenders are often more open to financing unconventional assets They may also offer more flexible terms on the loan, which can be advantageous for buyers with non-traditional credit histories.
- Quick Approval and Funding: Private loans tend to have faster approval times and can be funded quickly, which can be critical when you’re looking to secure a property in a competitive market.
- No Need for Real Property: Unlike traditional loans, , private loans may allow you to finance unconventional assets that are not necessarily secured with a piece of real estate.
- Alternative to Personal Loans: If you’re unable to secure a personal loan or don’t want to use credit cards, private loans can offer more favorable interest rates and terms.
- Borrower background: Unlike regular loans, borrower background (credit, personal, immigration status) is as detailed as the lender is willing to make it. Therefore the flexibility of qualifying is higher than with regular loans.
We are here to help, always in good faith! Contact us for details.