For the owner-occupied Texas Hard Money Loan Applicants with less than perfect credit, challenges with proof of income or just need to close quickly. Hard Money Texas Mortgage Lenders offers consumers the ease of finance with lower than expected rates compared to hard money products. This program varies between traditional income documentation to alternative forms of proof of income documentation.  Texas Hard Money Loan Applicants with fico scores as low as 300! Our maximum DTI is as high as 55% with LTV’s as high as 80%. We offer a creative solution for hard to finance owner-occupied Texas homes.

• Alternative Doc: VOE only, 1099 only, P&L only (no bank statements) & 1-month personal bank statement
• Traditional Alt Doc: 12 and 24 months personal or business bank statements
• Traditional Full Doc: W2’s & Paystub, 1040’s
• $50,000 –  $7,000,000
• Lending to Individuals and Trusts
• 5/25, 7/23 arms and 30 year fixed
• DTI’s up to 55%
• LTV’s up to 95%
• Rates as low as 4.75%
• 100% Gift Funds – OK
• Gift of equity-OK
• Foreign Nationals with US Credit – OK
• Foreclosure Bailout – OK
• Non-Warrantable Condo – OK
• Condotels – OK
• Lease Option Buyout using current appraised value – OK
• Rural Properties – OK
• Green Card Holder – OK
• No FICO – OK
• Sub 500 FICO – OK
• Foreclosure bailout – OK
• No liquid cash reserves needed up to 90% ltv

Property Types:
• Residential Property Types:
o SFR’s – Condos – Condotels – Townhouses – 2 to 4 Units
Purpose:
• Texas Business Purpose only
Occupancy:
• Non-Owner Occupied Texas
Loan Amounts:
• $100k – $2M (exceptions made above at reduced LTV’s – CBC)
Texas Hard Money Lending To:
• Individuals
• Family Trust
• LLC’s / Corporations / LLP’s (must be US based)
Pre-Payment Protection:
• No Prepay
Income Documentation:
• All loans are N.I.V (no income verified – no income stated)
DSCR:
• None
Term:
• 12 & 24 Month I/O
Subordinate Financing:
• None allowed
Max LTV US Citizens:
• Purchase & Rate and Term – 75%
Ancillary fees paid at closing:
• $1,995 Underwriting
• $555 Doc fee per entity reviewed.
Rate Lock:
• Rate floats until DOC’s are ordered.
Federal / State Tax Liens & Judgements:
• All income tax liens and judgments must be paid through
closing if they are in excess of $2,500
• All income tax liens and judgments must be paid through
closing if it affects title.
Property Condition:
• Must have minimal deferred maintenance.
LTV over 70%:
• The property must show “pride of ownership”.
• The property must be located in metropolitan areas.
• The property must be “standard” for area.
• Max Loan Amount $1 Million.
• Down payments must be Sourced & Seasoned for 30 days.
• Cash out 65%POPULAR BAD CREDIT TAXES PAGES INCLUDE