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Texas Commercial Loans

Dallas Apartment Loans

By | Dallas Apartment Loans, Texas Commercial Loans

Dallas apartment loans are available in a number of products, through various lenders. Some of these financing products are government-backed, while others are totally handled by the private lending sector. commercial property investors, whether wanting to buy an existing multifamily unit or build a completely new one, have several choices available to them. Read on to learn more about apartment loans available in the Dallas metro area and beyond.

Dallas apartment loans come in various forms. These are ideal financing options for property investors that want to either buy and hold, or purchase, improve, and eventually flip. Two of the most well-known loan packages, from Fannie Mae and Freddie Mac. The former government agency offers loans starting at $750,000, up to several million. These loans generally require 20 percent down but do offer competitive interest rates and lengthy loan terms. Meanwhile, the ladder government agency offers commercial level loans that range from $1 million to $100 million. These loans also usually require a down payment of 20 percent or more, but do offer attractive interest rates. Both Fannie Mae and Freddie Mac financing options have loan terms that can last from one to about three decades.

There are also two other types of commercial financing. One is what’s referred to as a bank balance sheet loan, meaning the bank makes the loan entirely on its own and keeps it completely in house. Bank balance sheet loans will vary in interest rate, term, and down payment from lender to lender. Meanwhile, FHA also offers commercial loans, that typically start at $3 million, with a 20 percent down payment requirement.

Austin Apartment Loans

By | Austin Apartment Loans, Texas Commercial Loans

Austin apartment loans come in different forms and structures, from various sources. For instance, there are federally created, structured commercial loans, that are available through many well-known and established commercial lenders. Also, there are a number of smaller, private lenders that also offer loans for multifamily properties. Of course, these differ in terms and conditions. So read on to learn more about the different types of apartment loans in Austin and beyond.

Austin apartment loans are available for commercial property investors who want to buy existing multifamily properties or even build from the ground up. Let’s start with perhaps the best known of them all, which are Fannie Mae and Freddie Mac. Fannie Mae offers commercial-grade loans for as little as $750,000, up to several million. These loans generally require 20 percent down, but do come with very competitive interest rates and can range in term up to 30 years.

Meanwhile, Freddie Mac also offers commercial property loans that range from $1 million up to as much as $100 million. Similarly, this financing requires 20 percent down or more, though boasts competitive interest rates, and terms that can last for decades. Yet another option is something that is lesser-known, called bank balance sheet loans.  As the name implies, this type of financing is done completely in house and placed on the lender’s balance sheet. Last but not least or FHA apartment loans, which can be as little as $3 million or more. These likewise require 20 percent or more down, with rates and terms varying by the lender.

San Antonio Apartment Loan

By | San Antonio Apartment Loans, Texas Commercial Loans

San Antonio apartment loans essentially come in two different forms — government structured and backed, and private commercial financing. If you want to purchase a multi-family property or build a new commercial residential unit, you can do so through different types of apartment loans in San Antonio. Because these are offered in different ways and through different means, you’ve got to become familiar with their various elements. Read on to learn more about San Antonio’s apartment loans and what you need to know.

San Antonio apartment loans Basically come in five different packages. As stated above, there are federal, government-backed commercial loans, along with private resources, for the purchase of existing multifamily properties, or to build entirely new residential units.

Two of the most well-known in the industry are Fannie Mae and Freddie Mac. Fannie Mae apartment loans range in amount from as little as 750,000 up to Millions. The long-term can last as many as thirty years, require 20 percent down or more, and offer competitive interest rates. Freddie Mac offers commercial loans ranging from $1 million to $100 million,  also with a 20 percent down or more requirement, and likewise offers competitive interest rates.

A third option is what’s known as bank balance sheet apartment loans. These are made directly through private institutions for commercial investors, usually requiring at least 20 percent or more down, with interest rates and term lengths varying by the lender. Lastly, there are also FHA apartment loans which generally start at $3 million,  require 20 percent down or more, and have loan terms as much as 35 years. Then, there are apartment construction loans, made available through private commercial lenders.

Houston Rehab Loans

By | Houston Rehab Loans, Texas Commercial Loans

Houston rehab loans are available for a number of purposes, including renovations and acquisitions. The great thing about these types of loans is that they are structured for various reasons. In other words, they can be used not only to buy a house, but to remodel it completely, or make minor improvements. Read on to learn more about how rehab loans work in Houston and beyond.

Houston rehab loans are generally available in three different types. All are structured by the federal government, and funding is made possible through various lenders, including banks and credit unions. Here are the three most common forms of rehab loans you’ll find:

1.FHA 203k loan. This is the best option for someone who wants to purchase a primary residence and wants to fix it up. This loan can be used to buy a house and make minor or major changes. It requires a credit score between 500 and 580, with a down payment of 10 percent.
2.The Fannie Mae HomeStyle loan. Just like the loan listed above, this form of financing can be used to purchase a primary residence. But, it can also be used to purchase a second home, or an investment property to rent or flip. It requires a minimum credit score of 620, with a down payment usually ranging from 3 to 5 percent.
3.The Freddie Mac CHOICERenovation loan. This type of loan is usually reserved only for renovation purposes because it is intended for what’s known as permanent fixtures. Examples would be adding a master bedroom suite or an extra bathroom.

Dallas Rehab Loans

By | Dallas Rehab Loans, Texas Commercial Loans

Dallas rehab loans are an ideal way to finance home improvements, even the purchase of the real estate, and best of all, they come in a few different forms. Whether you’re looking to buy a primary residence or an investment property, a renovation loan might be the best option. Read on to learn more about what you need to know about rehab loans in Dallas.

Dallas rehab loans basically break down into three different products. All are offered through the federal government, with private lenders often facilitating the funding. Here are the most common types of renovation loans in Dallas and beyond:

1. FHA 203k loan. This financing product is structured by the Federal housing authority and is for the purchase of a primary residence. It can also be used to fund major or minor home improvement projects. The FHA 203k loan requires a credit score of 500 to 580, with a 10 percent down payment.
2.The Fannie Mae HomeStyle loan. Like the above loan, this one can also be used to purchase a primary residence. However, it does also offer the option to purchase a second home or an investment property. It also allows primary homeowners or investors to make major or minor improvements to the property.
3.The Freddie Mac CHOICERenovation loan. This type of financing is a bit different, as it allows for home improvement projects that are permanent fixtures. In other words, with this type of loan, it’s possible to add a bathroom or even something like put in a swimming pool.

Austin Rehab Loans

By | Austin Rehab Loans, Texas Commercial Loans

 

Austin rehab loans are a great way to fix up a property and rent them out, flip them, or move into a completely updated primary residence. Depending on the situation, one of these loans will be a better fit than the other. While there is some crossover as to their uses, they do differ quite a bit. So, read on to learn more about renovation loans that are available in Austin Texas, and what should know about them.

Austin real estate improvement loans, in three primary forms. These can be used for a variety of purposes, including purchasing a property and fixing it up, to adding major features, like an in-ground pool. Here are the most common rehab loans you’ll find in Austin and beyond:

1. FHA 203k loan. This loan is intended for people who wish to purchase a primary residence and fix it up to live in. It requires a credit score of 500 to 580, with a down payment that is generally around 10 percent. It can be used not only to buy a house but make minor or major improvements to the residence.
2. The Fannie Mae HomeStyle loan. like the loan above, this one can be used to purchase a primary residence. However, it can also be used to purchase a second home or an investment property. It requires a minimum credit score of 620 and a down payment of 3 to 5 percent.
3. The Freddie Mac CHOICERenovation loan. This loan is designed for making improvements and additions, like adding on a master suite.

San Antonio Rehab Loans

By | San Antonio Rehab Loans, Texas Commercial Loans

San Antonio rehab loans are available for primary property owners and real estate investors alike. These come in three general structures but do expand a bit. So, there’s ample funding for renovations, including for new purchases or existing ownership. That means it’s possible to do a lot of things, including minor upgrades or major renovations, and even something like installing a swimming pool. Read on to learn more about San Antonio rehab loans and what you need to know.

San Antonio rehab loans, as mentioned above, come in three primary forms. (Though some are offered with bits of modifications to accommodate certain types of uses.) Generally, though, these are the types of remodeling loans available:

  1.  FHA 203k loan. This loan is one of the most common and popular because it only requires a minimum credit score, ranging from 500 to 580, and a down payment of as little as 3.5 percent, and as much as 10 percent. However, It can only be used for primary residences, and not investment and or rental properties. So, it is more often the choice of homeowners who want to finance minor or major home improvement projects.
  2. The Fannie Mae HomeStyle loan. This loan differs from the former because it can be used to not only purchase a primary residence, it can also be used to buy a rental house or any real estate investment property. This loan requires a minimum credit score of 620, with a down payment of between 3 and 5 percent.
  3. The Freddie Mac CHOICERenovation loan. This rehab loan can be used for a number of things including something like installing a swimming pool.

Houston Texas Construction Loans

By | Houston Construction Loans, Texas Commercial Loans

Houston Texas construction loans are usually the best way to build a new property or refurbish an existing one. These types of loans are usually available through a variety of sources, including credit unions, regional banks, national Banks, as well as specialty lenders. Better still, construction loans are structured in ways that help specific borrower needs. Read on to learn more about construction loans in Houston Texas and what you need to know.

Houston Texas construction loans are generally made up of four types. However, there are more specialized types of financing, depending on the situation. That being said, two kinds of construction loans are the most common and popular, while two others are for more particular situations. Here’s what you need to know about Houston Texas construction loans:

  1. The construction to permanent loan. This type of loan is probably the most used because it’s the most comprehensive and easiest one. Borrowers finance the construction of a new residence and it finances the building, then becomes a traditional mortgage that can range from 15 to 30 years.
  2. The remodeling or renovation loan. You probably understand what this loan is due to its name. It is for rehabilitating or refurbishing an existing property, in order to make it functional, comfortable, and up to date.
  3. The owner-builder construction loan. This loan requires that the borrower also be a licensed contractor who can perform all or most of the work himself or herself.
  4. The construction only loan. This loan is limited only to financing the building of a residence, and therefore, a mortgage is needed thereafter.

Dallas Texas Construction Loans

By | Dallas Construction Loans, Texas Commercial Loans

Dallas Texas construction loans are readily available from a number of sources and come in a few different forms, in order to fit the needs of different borrowers. When someone is considering building a house or renovating an existing property, they often need to finance the project, because they do not have the cash resources on hand. Fortunately, there are some great financing options available in Dallas Texas for construction of new residences, as well as for remodeling properties. Read on to learn more about construction loans in Dallas Texas.

Dallas Texas construction loans, like other parts of the lone Star State, and even across the nation, are generally offered in one of four different structures or forms. Generally speaking, these are short-term loans, save one, meaning their terms range from 6 months up to a year, but there are more options.

Perhaps the most popular is what’s known as a construction to permanent loan, which finances the construction of a new property and then converts over into an actual mortgage, with terms that last from 10 to 15, up to 30 years.

Another popular choice is the renovation or remodeling loan, which of course, is for existing properties needing some TLC. Borrowers take out a renovation loan in order to fix up a residence and might then move into the house as their primary residence, or rent it out.

There’s another option called a construction only loan, which means exactly what the name states — It finances the construction of a new property but that’s all. Thereafter, the borrower must obtain an entirely new mortgage loan.

Last but not least, is the owner builder loan, which means you must be a licensed and experienced contractor to do the work yourself.