Owner-occupied hard money loans are also considered principal residence Loans, alternative financing, and private money loans.
- Bad Credit
- Hard to prove income
- Self Employed
- or dealing with a problem property
Typical borrowers pay off this loan by refinancing after being qualified for a conventional or FHA loan.
- Buying a first or second home.
- Refinance an existing loan.
- Cash out for repairs or remodeling.
- Cash out for debt consolidation.
if the borrower has another property that is free and clear, or has a small mortgage with value ( substantial equity) to pledge as additional collateral ( aka Cross Collateralized Loan).
Hard Money Lender is making real estate loans to both Investors and owner-occupants in Arizona.
Typical hard money programs for owner-occupants are below.
Typically, no pre-payment penalties on our loans.
Down payment: 30% – 40%.
Up to 60% or 70% of the appraised value
Up to 100% financing with a 2nd free and clear property as additional collateral.
Up to 65% of the appraised value
Up to 100% financing with a 2nd free and clear property as additional collateral
A loan Origination fee of 2 to 6 points (2 to 6% of the Loan Amount).
Income must be able to be verified by a 3rd party source.
If the owner-occupied loan is considered a “high-cost loan”, hazard insurance and property taxes must be impounded for the 1st year of the loan. This is the borrower’s responsibility.
There are disclosure laws that require us to make you aware of the loan terms before signing any loan documents. These are the same requirements as a traditional bank loan.
If you are interested in seeing if you qualify for an owner-occupied hard money loan in Arizona, give us a call today at or fill out our to get started. Getting your owner-occupied hard money loan is simple and fast, and we do the funding! So, if we say you’re approved you’d better start packing to move into your new home!
program makes it easy for you to get the new home you need despite not having credit, having bad credit, or even if you’re not from the United States.
have easier requirements than investor loans and can even benefit from our cross-collateral 100% LTV loan option.
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis Dahlberg Broker/RI/CEO
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701
Equal Housing Opportunity. This is not a Good Faith Estimate and this is not a Guarantee to lend and should not be considered as such. Costs, rates, estimates, and terms can only be determined after the completion of a full application. Actual payments will vary based on your individual situation and current rates. APR for loans varies from 7.99 – 29.5% and is based on Credit Score, Down Payment, LTV, and Income. Mortgage rates could change daily. For more accurate and personalized results, please call 623 582 4444 to talk to one of our licensed mortgage experts. Terms and conditions of all loan programs are subject to change without notice. Level 4 Funding LLC, 22601 N 19th Ave Suite 112, Phoenix AZ 85027, 623-582-4444 NMLS 1018071 AZMB 0923961 This e-mail is for the exclusive use of the intended recipients and may contain privileged and confidential information. If you are not an intended recipient, please notify the sender, delete the e-mail from your computer and do not copy or disclose it to anyone else. Your receipt of this message is not intended to waive any applicable privilege. Neither this e-mail nor any attachments establish a client relationship, constitute an electronic signature or provide consent to the contract electronically, unless expressly so stated by Dennis Dahlberg RI/CEO, Level 4 Funding LLC, in the body of this e-mail or an attachment. To the extent, this message includes any tax or legal advice this message is not intended or written by the sender to be used, and cannot be used, for legal or tax purposes or advice.
About the Author: Dennis has been working in the real estate industry for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.
© 2022 Level 4 Funding LLC. All Rights Reserved.