Your Funding Source is a direct lender specializing in fix & flip, new construction, and rental loans for builders and investors. We make our own underwriting decisions and fund loans with our own money.
At the beginning of the loan process, we will typically ask for much of the same documentation that a bank would require; however, unlike a bank, we don’t ask for this documentation to look for reasons to say “no”. We use common-sense underwriting principles to examine the character, experience, and capacity of each borrower, and have flexibility in our documentation requirements. Your online pre-approval letter will contain the list of documentation requirements applicable to your loan request.
We base our approvals on the quality of the property, the experience of the borrower, and the overall likelihood that the project will be successful. While we do review credit history, it is not the primary component of our decisions, and many borrowers with damaged credit are able to be approved.
We currently lend in AL, CT, DC, DE, FL, GA, IL, IN, KY, MD, MA, MI, MO, NJ, NC, OH, PA, SC, TN, TX*, VA, WV
Your Funding Source has been a valuable lending partner through several projects – they’ve taken the time to gain an in-depth understanding of our business model and provide a financing solution that helps to grow our business. We’ve worked with several lenders over the years, and Your Funding Source is by far the most flexible and responsive.
I discovered Your Funding Source while waiting on another national lender to approve my construction loan. I could never get anyone from the other lender on the phone to answer my questions, and the process was confusing. When I called Your Funding Source, I was immediately able to talk to a knowledgeable person, and every member of their staff went out of their way to communicate and make the process easy and understandable.
As a general contractor, it can be difficult to predict workloads and keep crews busy, especially in the off-seasons. Your Funding Source showed me that investing in my own projects can be a great supplement to my contracting business – letting me keep my crews busy and making money year-round. Your Funding Source gave me the insight and provided the financing to make it work. After 20+ deals, it’s still a great relationship.
I want to personally thank the team at Your Funding Source for all of your hard work on this closing! We work will lenders all of the time, and you are most certainly a stand-out!