Need Your Help

[Anonymous]

My current scores do not allow me to qualify for a conventional mortgage, have made an offer on a property that is almost 100K below tax value can anyone help me with info on a hard money or bridge loan for 12 Months.

Thanks for your help & God Bless this Site

[BungalowMo]

Just bumping this up the line for you. 

 just an FYI...you'll get a better response if you change your initial subject line to something about that hard money and/or bridge loan.  "need your help" could mean anything.

[Lel]

What exactly are your scores?   How much (in percent) do you have for a down payment?

Hard money loans are only rarely discussed on these forums.  Because the hard money lenders need to protect themselves against default, they typically require larger down payments than with conventional lenders (up to 30-40%, I've heard).  The interest rates they charge can be much higher.

I hope you have a financing contingency on your purchase offer.

The tax value of the house - which I assume is the county's assessed value for property tax purposes - might not be a very good estimate of the true market value of the home.