Sentences with phrase «than conventional lenders»

They typically come in less than a hard money lender but more than a conventional lender.

Private hard money lenders have different requirements than conventional lenders.

In fact, hard money lender can be better than conventional lender in some situations.

Experienced sellers understand that hard money lenders are able to fund much faster and have fewer issues during escrow than conventional lenders.

Many will count more rental income than a conventional lender.

Typically these private lenders require more documentation and have more requirements for the borrower, however they are more forgiving than conventional lenders.

FHA has to operate within a different set of rules than conventional lenders (for example they are not allowed to reduce the principal balance of mortgages because it's prohibited by law).

It generally allows a higher DTI than conventional lenders.

FHA offers higher loan - to - value refinance terms than conventional lenders, and may also help with rolling home equity loans into a new mortgage loan.

FHA typically offers more lenient credit qualifying than conventional lenders.

It also has very lenient debt ratio standards than conventional lenders.

Here's an example of how hard money lenders view aspects of your loan application differently than conventional lenders:

Approvals from credit unions and alternative lenders, who often charge more than conventional lenders, are losing steam.