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Lafayette Financial specializes in hard money loans on residential property, making 1st, 2nd, and 3rd mortgages up to 65% of value. Our most competitive niche is in making junior mortgages under $100,000 quickly and with minimal documentation.
We arrange and fund with private investor money. You benefit by dealing with the underwriters directly. Use our 2nd and 3rd loan products to convert your equity into cash, keep your existing low rate/low payment loan in place, and keep your closing costs to a minimum by borrowering less. This applies to foreclosure bailout, debt consolidation, remodeling, bankruptcy, probate, and other situations!
We look at properties with more than 35% equity (65% maximum LTV).
Call or apply online. You'll receive a fast assessment of what we can do prior to ordering an appraisal or running a credit check.
- No Credit Requirements
- No Upfront Fees
- Loans from $30,000 to $500,000
- 2nd and 3rd mortgages OK
- Owner and Non-Owner Occupied Property
- Max LTV 65% for 1sts, 60% for Junior liens
- We lend on Single Family Homes, Condos, Apartments, Commercial, Mixed-Use, Rural,
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10-17-2011
The MTC approved the $93 million purchase of a building on Main St. between Harrison and Folsom streets in mid-October by a vote of 8-to-6. Two members were absent. ...
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10-16-2011
The proposed legislation would amend the tax code to allow homeowners who have 401(k) retirement plans to pull out money to save their houses from foreclosure without the usual tax penalties. With hun ...
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10-16-2011
Real estate news still gloomy as housing values continue to sag. Foreclosed homes and short sales are making up an increasingly large chunk of the local housing market, moving toward 50% in Glendale, ...
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10-16-2011
In the housing frenzy of 2000 to 2005, sellers often questioned the value of agents. The number of brokers ballooned, and the competition for listings led some agents to cut commissions below 6 percen ...
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10-15-2011
Borrowers who are self-employed will experience more of a headwind from the mortgage industry than those who are employed by others. ...
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* We do not make 1-4 unit residential loans in Nevada or Arizona.
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Apply Online
