Phone: 240-436-2340
Maryland Hard Money Lenders. Private Loans in Maryland, Virginia & Washington, DC
If you are new to private lending, you might have many questions about hard money loan process. How do you get a pre-approval? What’s a POF? Are you guaranteed to get a loan if you’re pre-approved? Can you get pre-approved if you don’t have a property in mind? Once you go through a hard money loan process, you would understand how easy it is. However, for those who’ve never worked with a private lender before, here is a step-by-step description of our hard money loan process.
One of the main steps towards purchasing an investment property is securing a hard money Proof of Funds letter. To be a successful investor, you need to understand what a hard money Proof of Funds letter is, what it isn’t, and how to effectively leverage it to get the best price on your next real estate investment.
We’ve talked a lot about what it takes to get approved for a hard money loan and how our hard money programs work. So hurray! You’ve read our blog, completed our detailed application, and talked to our underwriters. You are now pre-approved for a hard money loan. What does pre-approved mean, and what are the next steps? Perhaps even more importantly, how can you leverage this pre-approval to make money in real estate?
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New Funding Resources, LLC
806 West Diamond Ave.
Suite 340
Gaithersburg, Maryland 20878
Phone: 240-436-2340
All loans subject to our review of underwriting criteria and conditions. We reserve the right to approve or deny any loan application based on our sole discretion.
New Funding Resources 