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PURCHASE LOANS

Hard Money Purchase Loans:

  1. California Properties Only.
  2. A Minimum 30% Down Payment is required.
  3. Personal Use Loans OK.
  4. Business Use Loans OK.
  5. Credit Score, Tax Return Income, Employment Status, Citizenship Status are NOT FACTORS in qualifying.

First Security Mortgage offers Purchase Money Loans for properties located in California only.  However, our loan amounts max out at 1.5 Million.

We will consider the following types of properties for Hard Money Purchase Loans in San Diego:

  1. Residential
  2. Residential Units
  3. Small residential/business use commercial properties.

We do not offer LAND LOANS or CONSTRUCTION LOANS.

Using Hard Money can help your offer more likely to be accepted as we can provide an approval letter that indicates all LOAN and APPRAISAL Contingencies can be removed within 3 days of the accepted offer.

We can typically close an owner-occupied purchase in 7 working days and non-owner occupied, flip and investment properties in 3 working days.

Our Loan Terms are typically 7 Years with No Pre-Payment Penalties.  You can pay interest only or as much principal as you like each month.

We also offer Hard Money Refinance Services.

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