Home : Blogs : Spokane Home Loans Spokane Mortgage : Spokane Mortgage and Home Loans

Idaho Private money loans (hard Money)

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.

Posted by Spokane Home Loans Spokane Mortgage on 10/13/2008 01:10 PM

Comments (2)

idaho hard money loans

This post has been included in Idaho Information
Post is included in group: Spokane, Eastern Washington & North Idaho Real Estate Network

2 Comments on Idaho Private money loans (hard Money)

NOV

2008

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.

SEP

If you have any other needs let me know

Leave a response…

Name:

Email:
(optional)

Comment:

What does the graphic say?