Get the funding for your real estate deals?
Get your Deals funded by our private lenders for your fix and flips or buy and holds.
Complete this simple loan request form.
Submit your information and our private lenders will contact you with offers and terms.
Are you having a hard time getting funding.
Are you looking for an easier and faster way to funding your real estate deals. Private Lending Profits Funding is the way to go!
The loan application process itself requires several core steps:
Pre-qualification: Before the loan process starts, you or the fund manager gathers information about the borrower and the property. The property itself is analyzed, comped for value, reviewed, and then either rejected or approved. If it's approved,
we take it to the next step.
Loan application: Next, the borrower completes a loan application and authorizes the lender to check their credit rating, proof of income, and any other relevant documents and history.
Both parties are briefed on exactly what the loan entails so that there's no confusion as to the terms and conditions of the loan. Good Faith Estimates and Truth in Lending statements are given to the borrower by you the lender. These docs explain all the costs, fees, rates, and financials of the loan in minute detail.
Processing: Once the loan application is completed, it's submitted to a loan processor. A credit report is ordered and the collateral property is appraised. The loan processor makes sure that all documents are submitted and accurate. Verification of employment status, income, assets, and any outstanding debts
is conducted.
Underwriting: The underwriter will then assess the risk of the loan. In mortgage underwriting, loan review is based on the borrower's finances, employment, income and credit. The collateral property is also reviewed. The 'package' is found either to be acceptable for a loan, or it's rejected.
Approval: Upon approval, the lender sends the borrower a Commitment Letter. All terms and conditions are outlined, and the clock begins. Acceptance of the offer to fund requires signatures, proof of hazard insurance, payoff demands from creditors, tax information, and escrow contacts.
Closing: Time to fund. The closing process involves an escrow agent, the borrower, and the lender. Numbers and monies are checked and double checked.
After review, the borrower signs the loan. The lender sends the loan documents to the escrow agent, and finally, transfer of funds to the seller of the property
Private lending Profits is a funding partner with DIVERSIFIED HOME MORTGAGE, INC and DMAC CAPITAL FUNDING, LLC as well as our long list of private lenders.