Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the first step in getting a Hard Money Loan from Empire Mortgage?

April 26, 2017Empire hard loan money mortgage step

0

Posted

What is the first step in getting a Hard Money Loan from Empire Mortgage?

1 Answer

0

Posted

Empire Mortgage can only make or originate Hard Money loans in Maryland. We can purchase Hard Money loans originated in all other States, without regard to how long ago the loan was made (seasoning). The first step in obtaining a Hard Money loan is to provide us with information regarding the borrower and the property. Typically, this is done by sending us the Fannie Mae Application (Form 1003) and most recent appraisal of the property.