Fidelity Funding now offers hard money loans secured by owner-occupied primary residences, something most private lenders avoid. Whether you need to buy or refinance the home you live in when banks say no, or you want to tap the equity in your residence to fund a business or investment, we have a program built for your situation.
We underwrite two distinct paths. Consumer-purpose owner-occupied loans help homeowners who have been turned away for credit events, self-employment, or a looming foreclosure. Business-purpose loans let you unlock equity in the home you live in to deploy into your business or investment activity. Consumer-purpose owner-occupied loans involve additional disclosures and underwriting requirements, and our team walks you through them so nothing comes as a surprise at closing.
Yes. We offer owner-occupied hard money loans on primary residences, for both consumer-purpose and business-purpose scenarios.
A consumer-purpose loan is used for personal, family, or household reasons, such as buying or refinancing the home you live in. A business-purpose loan uses your home's equity for business or investment activity. The two are regulated differently.
Yes. Consumer-purpose loans secured by an owner-occupied home involve additional disclosures and underwriting requirements. Our team walks you through each of them, and we do not treat these loans as exempt from consumer regulations.
Often, yes. A foreclosure-bailout refinance can pay off the defaulted loan and reset your position. Acting early gives us the most room to help.
Owner-occupied hard money starts at 9.99%. Our consumer-purpose owner-occupied programs, including DSCR-style and bank-statement options, can be as low as 5.85% depending on your file.
Fidelity Funding Corp · Direct California private money lender since 2006
450 N Brand Blvd, 6th Floor · Glendale, CA 91203 · Mon-Fri 8AM-6PM PT