What’s Your Lending need?
Are you currently renting & looking to buy your first home? Moving up to accommodate growing family or finally ready for that vacation home? Refinancing out of an Adjustable rate mortgage or consolidating high interest rate bills? Perhaps your in a financial situation to pursue investment and/or commercial properties such as multifamily, apartments, self storage, mobile home park, office, mixed use or land development? We specialize in Home Loans, Home Mortgages, Commercial & Private Money Lending!
The following is a partial list of programs offered by MLS with a brief description of the key elements of each loan program. For a complete list, please contact us at 360-570-2066!
FHA Mortgage
Backed by the Department of Housing and Urban Development, this mortgage offers the borrower the ability to put as little as 3.5% down payment – and they can even finance “allowable” closing costs. Seller can contribute up to 6% of the purchase price to the buyer towards closing costs. This is a GREAT program for the 1’st Time Home Buyer!
VA Mortgages
Backed by the Veterans Administration and the federal government, it is similar to FHA except that you have to be a qualified Veteran or military person. We have a Verteran in our office that would be honored to help you with VA Financing!
USDA Rural Development
Guaranteed by USDA and backed by the federal government, this mortgage offers borrowers to put 0% down payment. Great for low-moderate income households in the outline rural areas.
New Construction
Building a new home can be an exciting prospect – unless you get caught up in a construction loan approval process that is overly complicated and time consuming. With this loan, we will finance up to 90% of the cost of land plus the costs of construction. We offer a one-time fixed rate closing or traditional ARM products.
Land Loans
Land loans are riskier for lenders because the loan’s collateral, the property, isn’t currently being used. That makes it easier for the owner to walk away and leave the lender with the land. Because of that, down payments and interest rates are higher for land loans than they are for mortgage loans. Typically most lender will require min of 20-25% down payment.
Commerical Loans
Purchase or Refinance of Commercial Properties including; Multifamily (more then 4 units), Apartments, Self Storage, Mobile Home Parks, Office/Mixed Use, Retail, Triple Net Lease and Development.
Private/Hard Money Loans
These types of loans accommodate higher risk transactions where typical bank financing is unavailable. The primary focus is on the collateral and/or asset and not so much on credit and/or income. Because these loans are funded by “Private Party Money” and are higher in risk; the interest and fees will be higher due to short term nature. However, it may still be less expensive then bringing in an “Equity Partner”. Property types include most ALL Commercial, Investment and Single Family.
