December 7, 2024

There are several situations where a California borrower cannot get approved for a traditional mortgage solution offered by banks and credit unions. Thankfully, owner occupied private mortgage lenders can offer owner occupied private mortgage loans for those in need of alternative real estate financing. Sometimes referred to as hard money loans, owner occupied private mortgage […]

Past data shows that borrowers have tended to gravitate toward traditional home loans for their real estate financing needs, unaware of alternative solutions available to them. But in recent years borrowers have realized that traditional home loans are both inelastic and expensive, which has led to the rise of both hard money and non-QM loans.

When it comes to real estate financing, California borrowers have a lot of options to choose from. However, some mortgage programs are more accessible than others, and while not everyone can qualify for a traditional home loan, a hard money loan is something attainable for many borrowers. Hard money lenders in California offer unique real