Hard Money

We Close Loans that Banks Don't

No Paystubs, No Tax Returns

“Make Sense Funding” with minimal to NO documentation

 

What is a “Hard Money” loan?

Traditional real estate loans like a personal mortgage are based on the borrower’s personal ability to repay the loan. This is measured by things like personal earnings, debt to income ratio, and credit score. These are all intangible or “soft” assets. Hard money loans, on the other hand, are based on a “hard” asset or the value of the property, so we don’t ask for documentation of income or any of that messy stuff.

Pre-Approvals within 24 hours, Funding in Days

Poor Credit, Bankruptcy, Foreclosure, Foreign Nationals – OK

Fast Streamlined Process to Save You Time and Money

Larger Loan Amount

Do you need a larger loan amount? No problem! We offer loan amounts from $100 thousand to $15 million.

Instant Approval

Don’t wait long to find out if you were approved or not. Your loan can be approved in as little as 24 hours.

Fast Closing

Don’t wait weeks or months for approval. Utmost Pro,Inc can have your loan closed in as little as 12 days

Hard Money Mortgage loans

Non-Prime Non-Owner Occupied

  • No Income Proof Needed
  • All Loans are N.I.V. (No Income Verified)
  • LTV up to 80%
  • No DTI Ratios
  • No DSCR calculated on residential collateral
  • Loan Amounts from $100,000 – $2,000,000
  • Lending to LLC’s, S-Corp, Trust or Individuals.
  • Property Types Include: SFR, Condo, 2-4 Units
  • Interest Only Option Available
  • Foreign Nationals – OK
  • 100% Gift Funds – OK

Non-Prime Bridge

  • No Income Proof Needed
  • All Loans are N.I.V
  • No Income Stated on 1003
  • No DTI Ratios
  • No DSCR calculated on residential properties
  • LTV up to 80%
  • Loan Amounts from $50,000 – $15,000,000
  • Lending to LLC’s, S-Corp, Trust or Individuals.
  • Property Types Include: SFR, Condo, 2-4 Units, Multifamily, Mixed-Use, Office, Retail
  • Interest Only Option Available
  • Foreign Nationals – OK
  • 100% Gift Funds – OK
  • Properties with Deferred Maintenance
  • Rural Properties
  • Short Term and Long Term Bridge Options are Available

Fix and Flip

  • No Income Proof Needed
  • LTV’s up to 70%
  • 12 month term available case by case
  • No Prepayment Penalties
  • Loan amounts up to $2,000,000.
  • Flipper must show ability to complete rehab.
  • FICO’s down to 500 – OK

Lower Rate Alternatives and Owner Occupied Financing

  • Borrower must be Self Employed or 1099
  • Most recent personal account’s bank statement
  • Income is ATTESTED to and DECLARED
  • 700 minimum middle Credit Score
  • 75% LTV max purchase
  • 70% LTV max refi (R/T & Cashout)
  • Maximum loan amount of $3,000,000
  • Rates starting in the low 5’s
  • Reserve funds are not required
  • Cash out is unlimited
Restrictions:
  • SFR / Condo / Townhouse Property Types only
  • No charge offs, collections or tax liens
  • No first-time home buyers
  • Owner Occupied only
  • U.S. Residents only

Bank Statement Program Requirements:

  • Personal bank statements (12-24 months)
  • No tax returns required
  • Borrow up to 85% of the value of the home
  • Debt-to-income ratio up to 50%
  • Loans up to $2 million
  • For primary and secondary homes and investment properties
  • Non-warrantable condominiums
  • 30-year fixed rate — no pre-payment penalty
  • 5/1 and 7/1 ARM
  • Owner-occupied, 2nd homes and investment properties
  • Self Employed – Must provide business license, Tax Preparer’s letter or corporate paperwork.
  • Personal Bank Statements: 100% of Deposits
  • Business Bank Statements: 50% of Deposits
  • Start in the 5.5%

VOE Only Program Requirements :

W2 borrowers-Qualify with only a Verification Of Employment form executed by the employer!

No Tax Return, No 4506T, No W2, No Paycheck Stubs! 

Fully Completed VOE &
Voice Verify Employment Status Day of Funding
• 650 Credit Score minimum
• Max LTV is 75% for Purchase, 70% for Refi & C/O
• Up to $3,000,000 loan amounts
• 2 Year Employment mandated at business.  
• VOE fully completed for 2 year employment plus year-to-date by owner or officer 
   of company
• Verified employment at closing by telephone call

Lowest Rates- Fastest Approval Times- Minimal Paperwork

We have the experience, capital and flexibility to help finance your loan.

1. PRE APPROVAL

It takes less than 10 minutes to complete our simple, online loan application in order to get the answers you need.

2. APPROVAL

Within 24 hours of receipt of your loan application, we will provide you a written offer disclosing all terms in a clear, easy to understand manner.

3. FUNDED

In a matter of days, not weeks like most lenders, the loan is funded through escrow and funds wired to you directly.