If you found the home you love through Sturdy Foundations, however your mortgage lender will only approve you for a portion of the price. Let us help you reach your real estate goals.
If you’re like most home buyers, you’ll need a mortgage to finance the purchase of a new house. To qualify, you must have a good credit score and cash for a down payment. Without these, the traditional route to homeownership may not be an option.
There is an alternative, the "Private Funding" program is a personal loan secured by the remaining equity of the home you wish to purchase.
If you want to buy the property, normally you’ll need to obtain a mortgage in order to buy the property in full. However, with the "Private Funding" program available through Sturdy Foundations, you will need to obtain a mortgage that covers at least 70% of the purchase price, and we will provide with a short term loan to help you cover the rest.
Qualification is simple:
Private Funding eliminates the banks and allows you to reach your real estate goals faster. Of course, certain terms and conditions must be met, however, you qualify for more than you think.