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Jacksonville Florida Loan Programs

Top Jacksonville Florida Loan Programs

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Ask an outsider to name the largest city in Florida by population, and the chances are good they will say either Miami or Fort Lauderdale. However, the correct answer is Jacksonville Florida!

According to the 2020 U.S. Census, the Jacksonville metro area is home to an estimated 1.6 million people and growing quickly. With growth comes a need for housing, along with a need for understanding Jacksonville, Florida, loan programs. Building or buying a home in such a hot market means having a good grasp on all your options for financing a purchase, new housing construction, or a renovation.

Loan Programs in Jacksonville, Florida

Borrowing doesn’t always require a traditional lender or mortgage. Gauntlet Funding is among the leading private money lenders in Jacksonville, Florida, offering a range of hard money and conventional loan programs that can help fund your development project or find you a place to live. Here’s a brief overview of some lending options for your housing needs in Jacksonville, Florida.

Conventional Loans in Jacksonville, Florida

The traditional mortgage is a staple of home lending programs in Jacksonville, across Florida, and across the country. Traditional mortgages are available from lenders such as banks and brokerages and offer numerous loan terms, stretching to 30 years. Conventional loans are secured on the strength of your credit and require establishing a paper trail that shows a good credit history, a job with the resources to pay the mortgage, and a down payment.

While Gauntlet Funding specializes in private hard money loans, we’re a full-service lender and can assist you in finding conventional mortgages for both residential and commercial properties at highly competitive rates and terms. Let us show you how.

Government-Backed Loans in Florida

Homeownership is part of the American dream, but getting qualified for a loan is challenging. The U.S. government offers a range of programs designed to bring the cost of homeownership in line with your resources. Among the options:

  • FHA loans through the Federal Housing Administration, part of the U.S. Department of Housing and Urban Development. The FHA guarantees the loan, which allows lenders to offer more relaxed terms such as lower down payments and slightly lower credit scores.
  • USDA Loans through the U.S. Department of Agriculture target more rural areas to enable a greater percentage of homeownership. The USDA’s Section 502 Guaranteed Loan Program helps low- and moderate-income households find affordable and safe properties for primary residences in rural areas.
  • VA Loans through the Veterans Administration seek to assist our nation’s veterans in purchasing homes. The VA programs are also in the form of guarantees to lower lender risk to enable veterans to buy, build, repair, or renovate a home.

Private Money Lenders in Jacksonville, Florida

An alternative source of lending is private hard money lending. Hard money loans target investors and developers engaged in adding to the nation’s housing stock through renovations or new builds. Gauntlet Funding is among the lending private money lenders in Jacksonville, Florida, and can assist you with all your hard money loan needs.

Hard money loans in Jacksonville are short-term loan programs that provide temporary financing for several different types of projects. Among their uses:

  • Fix-and-flip loans, to help investors renovate distressed properties and resell them for a profit.
  • Rental loans, to provide resources for renovating properties to become part of the Jacksonville rental stock.
  • Construction loans, for developers who need upfront capital to cover the costs of construction, with the loan being paid back later in the sale.

Hard money loans are also available to assist in the construction of commercial buildings. The main distinction between hard money lending and conventional loans is the payback period. Hard money loans are short-term loans designed to be paid back quickly. Because they are short-term, their interest rates are typically higher than market rates. But the main trade off is the liquidity they provide, delivering funding to investors quickly when needed.

About Gauntlet Funding

Gauntlet Funding provides private funding services in Jacksonville and also has offices in New York and New Jersey. Our team contributes experience and knowledge to Jacksonville, Florida, loan programs, with seasoned professionals specializing in direct private lending and distressed asset financing.

For over 20 years, the industry experts at Gauntlet Funding have been financing REOs, short sales, construction projects, and all types of residential and commercial properties, regardless of condition or situation. We specialize in flexible private hard money lending programs that fit today’s investor needs. Call us or contact us online today to discuss your project.


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