If you are searching hard money loans for bad credit, hard money lenders bad credit, or private money lenders for bad credit in Arizona, Brad Loans by eMortgage, Inc. can help! We offer bad credit hard money loans for real estate, fix & flip, and other endeavors.
As a hard money lender for bad credit serving the Phoenix Valley we understand that life happens and you will still have a need to get financing for owner occupant or real estate investments despite having bad credit challenges. We strive to make it possible for you to get the funding you need for a place to live or fix and flip in the Phoenix Valley.
Common phrases used to find our hard money loans include: hard money loans for bad credit, hard money lenders bad credit, hard money loans for bad credit real estate, and private money lenders for bad credit.
Are you in need of a hard money loan for fix and flip, business loan secured by real estate, real estate purchase, short sale, or other endeavor? BradLoans.com is your source for quick bad credit hard money lending.
We are the most trusted and private money lender and direct hard money lender in the state of Arizona. We are the best bad credit money lender in Arizona with the capacity to fund both commercial & residential hard money loans. Once you have filled out an application you may be able to get your loan in a couple of days, or less! We keep our lending rates and fees reasonable and competitive when compared to other Arizona hard money brokers or mortgage brokers. We specialize in working with borrows that have no credit, poor credit, or bad credit.
5 Star Review On Yelp: “This company is a rare find in today’s market. They are honest, upfront and ethical in all of their dealings. They honor their commitments and go above and beyond to help throughout the process and thereafter. Brad and Amber are an absolute pleasure to deal with and are always willing to answer any questions. They are the real deal!!” Bukky R. Read More Reviews
Bad Credit Hard Money Loan Programs We Offer
The loan programs we offer are for Re-Finance or Purchase, Owner Occupied Loans for up to 80% LTV, Investor Loans up to 70% LTV, and up to 100% LTV Loans with Cross Collateral. We also offer 30 Year Fully Amortized Loans with No Pre-Payment Penalty and No Balloon.
Bad Credit 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:
- Minimum 20% cash down without cross collateral.
- In addition, you will need cash required for closing costs, loan fees, 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 calculate average monthly income
- Valid ID (US or Foreign)
- Debt to income ratio must be below 45%
- Copy of Purchase Contract assuming a purchase
- Appraisal and title report (ordered by eMortgage Inc.)
- Loans can be funded as soon as 7 to 10 days from application
Regardless of bad credit problems or no credit issues you will most likely qualify for a Brad Loan if you can prove adequate income and have the down payment!
It’s just that simple.
Bad Credit Loans For Investors:
- 30% cash DOWN PAYMENT or more for a purchase (Up to 70% Loan to Purchase Price or After Repair Value)
- Up to 100% Loan to Value of Purchase price when using a 2nd Free & Clear property for additional collateral (cross-collateralization)
- In addition, you will need cash required for loan fees, closing costs and prepaids
- Refinance, equity of 35% or more
- Valid ID (US or Foreign)
- Proof of working capital funds
- 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
- Appraisal and title report (ordered by eMortgage Inc.)
- Loans can be funded as soon as 3 to 5 days from application
How Do I Qualify For A Bad Credit Hard Money Loan?
If you need a bad credit hard money loan you will want to know how to qualify for the loan. Have you had a discharged bankruptcy? Are you not a US Citizen? Have you had any foreclosures in the past? Have no credit history or no “established credit”? Want to invest in a short sale?. .. . NO PROBLEM! We are Arizona’s premier source for “no credit” or “bad credit” hard money lending!
Qualifying For A Hard Money Loan
Is It Actually Possible To Purchase An Investment Property Without a Credit Check?
While having a bad credit score won’t keep you from getting a rehab loan from us, we will pull your credit to authenticate what you’ve told us during your application process. We normally do not run a credit check until we are ready to prolong a loan offer on a particular property.
Why Is Going Through A Private Lender A Good Choice For Buying A Property With Bad Credit?
Private lenders are usually more flexible than say, a bank or credit union. We can work with you to get you the necessary terms you require to get your investment property business up and going.
Am I Able Purchase All Types Of Investment Properties With Bad Credit?
We offer hard money loans for Fix and Flip, refinancing mortgages with bad credit, business loans secured by real estate, real estate purchases, short sales, and other endeavors with quick turnaround in the Phoenix Valley.
About Brad Loans By eMortgage, Inc.
Brad Loans by eMortgage Inc. maintains an A+ rated with Better Business Bureau (BBB), is a proud member of the National Association of Mortgage Brokers, and the Arizona Association of Mortgage Brokers. Brad Loans is licensed under the National Mortgage Licensing System NMLS #195785 and by the Arizona Department of Financial Institutions under mortgage broker license number MB0903436.
Apply For A Bad Credit Hard Money Loan
To get started with your bad credit hard money loan application click on the link below this paragraph. The application for is available in both English & Spanish. Despite the credit issues you might have you will almost certainly quality for a Brad Loan if you have sufficient down payment, collateral, and adequate income. To apply for a bad credit hard money loan in Arizona, fill out our loan application or give us a call today at (602) 999-9499.
Click Here To Apply
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Telephone No.1-888-392-3843
