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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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08-03-2010
By Lu WangBloomberg NewsShares of the following companies are having unusual moves in U.S. trading this morning.Homebuilders declined after the number of contracts to purchase previously owned houses ...
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08-03-2010
Countrywide Financial Corp. agreed to pay $600 million to settle shareholder lawsuits in the largest payout so far from the mortgage meltdown. ...
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08-03-2010
The number of buyers who signed contracts to purchase homes dropped in June, as the weak economy and tight lending standards kept consumers away from the housing market. The National Association of Re ...
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08-03-2010
The stock market's big rally stumbled Tuesday on disappointing earnings and economic reports that raised investors' concerns about the strength of the recovery. ...
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08-03-2010
Ally Financial Inc. on Tuesday posted a second-quarter profit of $565 million, driven by improvements in its home mortgage business and more demand for auto loans. ...
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* We do not make 1-4 unit residential loans in Nevada or Arizona.
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