Private money or hard money loans are becoming increasingly harder to come by in Idaho. The Sub-prime and Foreclosure scare has made investors shy away from real estate and lower the Loan to Value percentage when it comes to hard or private money loans. Less than a year ago Hard Money went all the way to 75% where is now, 65% the maximum.
If the Property is Rural or a log home your hard money lender might only go to 50 or 60%. If you need a Hard money loan in Idaho or Washington state. Give me a call at 509-951-4615 or visit our Spokane Mortgage website to get pre-qualified with short 2 minute application.
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Visit my Website for the Lowest Rate and Fee's on your Spokane Mortgage or Spokane Home Loan. We are a Family Owned Spokane Mortgage Company that cares. Call me anytime.
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I am building a new house, Appraisal came in at 750,000, I need 250,000, I have several items build, and material bought, for the house. I have a licensed builder helping me, full package ready to go, take out loan in place. Need money for 3 months, owned land for 3 yrs already, so it a refi. rural property Parma Idaho, 2x6 walls, log cabin siding, 1/2 window, on a rim with a 360 view.