Scottsdale, AZ -- (ReleaseWire) -- 07/31/2014 -- Hanson Capital Group is excited to announce that it’s bringing back owner-occupied stated income loans and subprime lending, two types of loans that have been absent from the marketplace for nearly six years.
For those unfamiliar with these financial terms, here’s a quick definition of each.
Stated Income Loans
Loans in which a lender does not verify the borrower’s income. Instead, the borrower simply lists their income on the loan application with no supplemental documentation necessary.
A type of loan offered at a rate above prime to individuals who do not qualify for a traditional loan due to a bad credit score or low income.
Due to the burst of the housing bubble in 2007, stated income and subprime loans temporarily disappeared, but now they’re back and better than ever. Out of all the private lenders in Phoenix, Hanson Capital Group is one of the only ones that currently offers these types of loans.
For more information of their new loan programs, please click here or call 480-685-4923
About Hanson Capital Group
Hanson Capital Group (HCG) is a Phoenix, Arizona based lender specializing in hard money and collateral based loans for investment real estate. HCG provides short-term private financing for residential, multi-family, and commercial properties. Borrowers enjoy the benefits of quick decisions and rapid funding for their mortgage banking needs.
Hanson Capital Group
14700 N Airport Drive Suite 201
Scottsdale, AZ 85260