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.
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.
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.
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:
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:
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.
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.