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Financing in San Bernardino : Real Estate Advice

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  • Local Info10
  • Home Buying66
  • Home Selling10
  • Market Conditions6

Activity 8
Tue Jun 30, 2015
Jack Ferris answered:
Ferris Financial Group, Inc. has hard money lenders available. Obtaining hard money depends on income, debt to income, and equity in the property. Lenders in hard money today are going to make sure you can pay the loan. They are not interested in owning the property at any cost.


At Ferris Financial Group, Inc. we have lenders available including most of the banks. We are a Loan broker company. The way we are set up, in some cases we can compete with the banks to place your loan and can probably do it for less than a bank can do it. As a loan broker we are licensed by the Department of Corporations with a Finance Lenders / Brokers license. We also are licenced by the Department of Real Estate. If you are interested in hearing more, please call Ferris Financial Group, Inc., Jack Ferris at 925-858-2879 so we can discuss with you what we can or cannot do.


Licenses and Certificates Held:

California Real Estate Brokers License

California Real Estate Officers License

Department of Corporations Lenders and Broker License

State of California Occupational License

Salesperson License for Manufactured Homes

Manufactured Home Dealers License

CAL VET Loan Certification

Here is our contact information if I can answer any more questions:

Jack Ferris
Ferris Financial Group, Inc.
925-858-2879
email: ferrisfg@aol.com
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Mon Mar 2, 2015
answered:
Hi cdan, yes we offer FHA (and VA & conventional) one time close construction loans here in California. Feel free to reach out to me and I'd be happy to help answer all of your questions regarding it.

Shane Milne | Lending in all 50 states | NMLS #81195
shane@thebesthomeloans | 949-273-4161 direct
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Thu Dec 20, 2012
Dan Tabit answered:
Julie,
Have you met with a lender yet? Lots of people have non-traditional credit, cell phones, utility bills etc. This non-traditional credit and your equity you may qualify for financing.
What type of loan were you looking for? If you are looking to generally build credit, start with your bank or credit union. Ask about a secured credit card, if you don't qualify for one outright.
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Sat Jan 7, 2012
James Trapasso answered:
An AITD (All Inclusive Trust Deed) might work well in this scenario. There is a good example on the internet. Check out AITD.
0 votes 8 answers Share Flag
Thu Sep 22, 2011
Robert Chomentowski answered:
In the old days back 20 yrs or so ago a borrower used to be able to assume VA and FHA loans without credit qualifying. Now borrowers have to credit qualify to assume loans. Of course a relative could make payments but the person on the mortgage would still be on the hook or that mortgage. ... more
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Sat Jul 31, 2010
Essex Mortgage Bank answered:
Who will be providing the 35% difference ? A seller carry back or hat please explain - I am a manager for a mortgage bank (Essex Mortgage Bank in Santa Rosa.Csmas well as a partner in a private money "Hard Money" mortgage fund.Most hard money lenders in town can lend up to 60% of value,however we are unique in that we will go to 70% loan to value and 75% loan to cost .Our fees are very reasonable and we have two options a six month pre-payment or for a higher rate no pre-payment penalty .Our interest rates range from 10.99 - 12.99%.....we are not interested in any loans smaller then $100,000 should you have a complete package we can fund within 7 days period,Jeffrey Martino Young - http://www.Ourfundsonline.com ... more
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Sun Feb 7, 2010
Jane Grant answered:
Find a mortgage professional to help you with your refinance. Look for an experienced Mortgage Broker who has an established business.

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Wed Nov 5, 2008
Amy Steele answered:
Hi Bob, per a builder that I work with to sell his new homes, costs are about $200 a square foot, with some variation for the types of materials used. Please let me know if you need any further information!
take care,
Amy Steele
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