Active Lending Corp. has Hard Equity Loans which are available for people with credit problems. The loan is based strictly on the value or equity in the real estate. While not for everyone, these loans can provide mortgages for people who would not otherwise qualify. They are also known as the lender of last resort. The interest rates and points on these loans are much higher than the rates obtained through conventional financing. However, for people who can’t go anywhere else, it is much better than nothing. In you are interested in hard equity loans, please contact us for further information.

Typical Criteria of Hard Equity Loans through one of our lenders.

Loan To Value: 65% (land 50%)
Mortgage Terms: ARM and Fixed Rate Available
Property Types: 1 to 4 family, PUDS, Condos, Land
Minimum Loan Amount: $35,000
Maximum Loan Amount: $5,000,000
Appraisal: Not Required
Income Verification: Not Required
Credit Reports: Not required
Mortgage History: Not Required
Judgments: OK
Collections: OK
Bankruptcy: OK
Foreclosure: OK