Real estate is the largest investment most people make. Fortunately, the team of experts at Acala Investments can assist you from start to finish when it comes to mortgage loans, construction loans, and related loan products and services. Acala Investments is one of the only hard money lenders in the El Paso area who deals with construction loans. We will also consider financing construction loans anywhere in Texas.
We have helped many customers purchase residential properties, either as an investment or as a primary residence “homestead.” Our mortgage team has a strong track record in guiding clients through the financing process, ensuring you understand all aspects, from builder plans to property location considerations. We also offer refinancing options for your existing home, as well as home equity loans so you can get the maximum value from your home.
Best of all, dealing with Acala Investments is a little easier than getting a loan from a conventional mortgage company because we’re a hard money lender. That means we don’t need to check your credit score or comb through your credit history. Without those steps, the process is much more streamlined, making it simpler for you to manage closing costs and mortgage payments efficiently.
If you’re a first-time home buyer, you probably have many questions about what to do next. Since real estate is a costly purchase, you’ll want to apply for a home loan. A home loan is a legal obligation between two parties for the funding and repayment of money towards the purchase of a house. The lender is normally a bank or credit union, and you will sign a contract to repay the loan over a specified number of years. You’ll also agree to pay interest and other fees that the lender will make you aware of.
There are various types of home loans, but the structure of home loans is similar. The principal is the total sum of money that you’re borrowing to make the real estate purchase. The interest portion is a calculation of what you’ll repay in addition to the principal. It’s important to get a low interest rate because it adds up over time. The term is the agreed-upon time over which you’ll pay back the loan, and the repayment frequency is the schedule of when you make payments. Over the months, your security in the property increases as you pay down the loan.
Getting a home loan from us is a little different because we are a hard money lender/private lender, not a conventional mortgage company. As such, we don’t rely on credit scores. You don’t have to worry about delinquency in your credit history or having your credit score take a dip as a result of applying for a mortgage with us.
Acala Investments offers home loans and construction loans for a variety of residences, including residential investment properties, multifamily homes, and primary residence homesteads. We also work closely with contractors to ensure smooth project progression.
Doing business with us is easy: We don’t require an application fee or commitment fee. Your personal credit score doesn’t matter, and we use common-sense underwriting. With us, you’ll generally get loan approval in only 2-3 days, with quick closing and funding.
We also offer a special Home Purchase Program for home buyers who don’t have the funds available for a 25 percent down payment. With this program, we finance a 70%-75% loan-to-value (LTV) first lien loan if the seller can carry a 25%-30% second lien loan.
In addition to home loans, we also offer mortgage refinancing. We’ve helped borrowers refinance their mortgages for a number of reasons. You might want to refinance in order to repair or remodel a property, pay back taxes or other debts, get the cash you need to purchase another property, lower your monthly payments and interest rate, and more. If you need to free up some of the equity in your property to use elsewhere, a home refi is a great option.
Our loan process is fast and easy. Even if your credit isn’t the best, it doesn’t matter because we only do hard money lending. We work with individuals as well as trusts, LLCs, and corporate borrowers with a personal guarantee, ensuring income from rental properties can be factored into your loan terms.
We want to make your home purchasing, construction loan application, or mortgage refinancing experience seamless, so contact us today to get started!
As a hard money lender, Acala Investments provides borrowers with greater approval and financing flexibility than traditional mortgage lenders. Depending on your needs, we offer various types of loans. In addition to home mortgages, we manage construction loans, including:
We also offer renovation loans and refinancing options. Your credit score is never an issue. Contact Acala Investments by completing our online form or call us at (915) 233-9589. Our experts will guide you through securing financing, managing costs, and maintaining your financial security during the building process. We provide the property services you need to complete your building process smoothly.
