Have you noticed how many homes in MLS are listed as “cash only offers accepted”
This is usually because the home is considered un-financeable due to the repairs needed to get everything working and up to market standards.
Sometimes it’s a seller that is in tune with the current market conditions and knows he can demand a cash real estate deal and get it.
Use our private In-House loan along with your down payment funds, 40% is required from you. We will provide 60% of the funds.
Quick proof of funds is available up request.
Once you get the house move in ready we can get you into a permanent conventional home loan. Or you can sell for a profit.
Our in house loan is available to owner occupants as well as real estate investors.
Good credit is not required with in-house financing.
This unique In-House Mortgage bridges the gap in the purchase market.
Now you can take advantage of those cash-only investor discounts on local housing for yourself.
Creative ways to get around Only Cash offers will be accepted
Take out a Home equity line of credit on your existing home. It’s best to do this before you list the home for sale.
Use an online personal loan or line of credit borrow the cash you’ll need.
Get pre-approved for a FHA 203K renovation loan or a Conventional renno program. These programs only exist for purchasers who intend to move in when renovations are completed.
Use a traditional Hard Money loan which are widely accepted as cash.
Cash in or borrow against a retirement account.
Create 100% financing with good credit.
Borrow the 40% down from an online lender like Sofi or Lending Club.
Combine this ( 40% ) with our ( 60% ) In-House mortgage for truly affordable 100% LTV / LTC on a cash only real estate listing.
Use our simple free tool to find truly creative loan program ideas
We know the guidelines better than most, leverage our knowledge and experience to your benefit.
Then take our suggestions, shop around, feel free to discuss them with you favorite local mortgage broker.
We’ll be right here if you need us to help with funding your purchase.
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Agents and Mortgage Brokers
Please call 813-850-6021 with your fallout or turndown scenarios.
We can help you close many more transactions each year with no extra effort or expense on your part. .