Financing in Lincoln Park>Question Details

Craig Osterb…, Home Buyer in Denver, CO

Non traditional lenders for 40K loan?

Asked by Craig Osterberg, Denver, CO Tue Jul 3, 2012

I want to purchase a home in Denver's Lincoln Park at the price of 77900. I have 35k for a downpayment and need to secure financing for the rest. My credit is between 500-620. I was in a preforclosure situation in Feb but paid of the entire mortgage in April. Can I find a lender for the 40k remaining?

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info’s answer
I can help with your credit situation. I am a direct lender here in Denver and specialize in hard money / alternative financing situations. We fund loans with our own money and as a result we can accommodate various credit situations. Please call or e-mail me http://( I look forward to earning your business
Web Reference:
0 votes Thank Flag Link Tue Nov 20, 2012
Try Blake Zimmerman at 1st Bank. His office line is 303-329-4780 or Best of luck with your purchase.
0 votes Thank Flag Link Wed Jul 4, 2012
Hi Craig, I recommend you use a hard money lender to purchase the property. Then spend some time improving your credit scores and refinance or get a home equity loan. Please call me with any questions or if you need a referral. Good luck!

Marina Bay
Cherry Creek Properties
0 votes Thank Flag Link Wed Jul 4, 2012
Bluebird Mortgage is you are doing a fix and flip and not if you are going to occupy the property.
0 votes Thank Flag Link Tue Jul 3, 2012
Call Scott Craft at Bluebird Mortgage, 720-308-9697.
0 votes Thank Flag Link Tue Jul 3, 2012

You might also check with some local Portfolio Lenders such as Compass Bank that have different criterias for lending than the big banks. Congratulations on paying off your previous morthgage and getting back on track Good success in moving forward.

Robert McGuire ASR
Your Castle Real Estate
1776 S. Jackson St. #412
Denver CO 80210
Direct – 303-669-1246
0 votes Thank Flag Link Tue Jul 3, 2012
You can probably find a private lender to do the deal. I've worked with a company that has many private lenders and he may be able to help you out. I was even one of his private lenders for a while.
Give me a call and I'll get you in touch with the right person. 303-913-9129 or email
0 votes Thank Flag Link Tue Jul 3, 2012
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