Bad Credit Maryland Mortgages
Bad credit loans in Maryland are similar to hard money loans in that they use a private lender, instead of a traditonal lending source such as a bank. These private money lenders assume risk with a personal loan and charge high interest rates and points. It's a good idea for borrowers to search for more traditional loan sources before turning to bad credit lenders. However, for borrowers unable to find a loan from a bank, the private lender is an acceptable short term route to keep a property from being foreclosed on.
Advance America Property & Finance, LLC | Bad Credit Loans Maryland
Advance America Property & Finance., LLC is a private / hard money lender based in Baltimore, Maryland with more than 25 years experience in the mortgage business.
We are a direct private / hard money lender with full underwriting authority and service 100% of our loans. We specialize in "non-traditional" considerations for individuals or companies whose financing needs are not fully met by traditional bank loans. Loan approvals have emphasis on EQUITY, not credit and income documentation.
Contact: T. Guy Cook, CRMS
Phone: (410) 661-8300
BlueWater Funding, LLC | Bad Credit Maryland Mortgage
BlueWater Funding. Finally, a Private Lender you can TRUST.
Integrity. Experience. Professionalism.
Having years of experience in real estate investing and financing, the principals of BlueWater Funding understand and appreciate the profitability and complexities that certain transactions bring with them.
Often, these complexities provide a hurdle that traditional banks may never be able to overcome, regardless of your relationship with them or profitability of the project. It is here that BlueWater Funding excels. We provide financing for projects that other banks won't do in a time frame that others cannot compete.
We specialize in "short-fuse" transactions. Our focus is primarily on the value of the asset, not the borrower credit. We provide efficient funds for your real estate needs in a fast, professional manner.
Contact: Neil Siman
Phone: (301) 656-6566
Brookview Financial, Inc. | Maryland Bad Credit Personal Loan
As the nation's premier national rehab lender, and more recently through the Brookview Finance Club, we provide reliable funds and real estate education to real estate investors in most states throughout the country. Established in 1992 to focus on alternative investments, Brookview has provided thousands of rehab loans to real estate investors for the purchase and renovation of distressed properties in need of acquisition and rehab funding.
We are a private lender providing short-term real estate secured loans to rehabbers who depend on Brookview's "quick-close" private money and our exceptional customer service. Brookview is not a strict hard money lender or hard equity lender. Brookview is in a category of specialty rehab lenders and is a direct private mortgage lender with a rehab loan program specifically designed for qualified rehab investors.
The determination and integrity of our rehab investors, coupled with the strength of the private capital we provide as a direct lender, achieve a shared and ultimate goal of revitalizing communities, encouraging home ownership and increasing the supply of affordable housing nationwide. We invite those who qualify for our rehab loans to join us in this endeavor.
Phone: (203) 230-8500
Commercial Funding Unlimited | Maryland Bad Credit Mortgage
We make loans to any size businesses with a variety of commercial loans instruments to 100MM, including loans from 25K-150K with unsecured lines of credit.
If you're considering investing in commercial properties, you'll need 20% down in cash or equity in today's economic climate. Anybody that tells you different and asks for a big upfront fee, just "Say No". We do not charge any upfront fees for commercial loans.
Feel free to ask for our fliers that describe our different loans which include, multifamily, franchises, SBA, medical, convenience stores, unsecured lines of credit for small businesses, cash advances on merchant accounts, hard money loans, and much more.
When considering a hard money loan for residential investment properties, you need to be prepared to have some cash reserves to service the loan should an emergency arise. If you're looking for cash out and or refinance loans, we have those too.
Finding credible lenders for "hard money" loans is difficult, as some economic forecasts say housing prices will continue to drop in certain sections of the country this year, therefore, our lenders look at each deal on a case by case basis. We have excellent options for rehab specialist, as well all real estate buyers/investors and will be happy to discuss your particular needs.
Typical lending times run from 15 to 30 days after approval, which means all your paperwork has been reviewed and you've met the contingencies required by underwriting. Ask me for our written "Guidelines"
Contact: John Young
Phone: (503) 890-7511
Dominion Financial Services, LLC | Maryland Bad Credit Loan
Hard money is a term used to describe any financing option which is an alternative to commercial bank lending. Fore reasons of timing, deal complication, or risk, hard money lenders can step in to provide funds where conventional lenders cannot. As hard money lenders' rates and fees are typically higher than conventional lenders, it is important to use hard money correctly. Hard money is meant to be short term bridge financing to help you get into a deal, carry the deal while you work on it, and should be taken out relatively quickly. There are many advantages to using DFS for hard money, including: Fast Underwriting. We can understand a deal and issue a loan commitment in a matter of days, instead of several weeks with a conventional lender.
Contact: Jack BeVier
Phone: (410) 230-0123
EZ Money Lending Co. | Bad Credit Personal Loans Maryland
EZ Money Lending Company is a direct lender specializing in purchase and rehab financing for investors buying distressed properties in today's active investment market. We offer no-hassle investor financing for up to 100 percent of purchase price plus rehab costs, approved within 48 hours.
Our lending philosophy is simple: We lend money the old-fashioned way, based on your track record and a feel for the deal. We do not base our underwriting on the inflexible ratios most lenders use. If you have (1) good credit, (2) some cash, and (3) a deal that makes sense, we can give you quick approval and, just as quickly, fund the loan. Our borrowers make the MOST MONEY because we have the LEAST red tape:
No doc or limited doc loans
No junk fees
No prepayment penalty
Equity participation option
In-house title company
48-hour in-house approval process
Contact: Jay Dackman
Phone: (410) 244-5363
Many lenders will consider a bad credit home loan in Maryland in the following counties: Allegany, Anne Arundal, Baltimore, Calvert, Caroline, Carroll, Cecil, Charles, Dorchester, Frederick, Garrett, Harford, Howard, Kent, Montgomery, Prince George’s, Queen Anne’s, Somerset, St. Mary’s, Talbot, Washington, Wicomico, Worcester. We also service Annapolis, MD.