Gap Funding
No need to pull your mortgage money because you need some cash on hand, private loans (gap funding) is the way to go!
Private Money Lender
We are a nationwide private lender that provides gap funding for you or your borrowers, easy guidelines, fast pre-approval, and a great team. With over 30 years of experience, your lending needs are satisfied quickly.
Gap funding requirements, program highlights
- Fico 650+ (Credit Score)
- Positive trade lines (mortgage, car payments, credit cards)
- Low number of inquires in the last 3-6 months
- Limited number of 30-90 day derogatory marks in last 3 years
- Income documents that can be verified
- Rates from 7.99%
- 24 hour pre approval (working days)
- $40k up to $500k loan ammounts
What makes us different?
No Upfront Fees
No Junk Fees
No Skin In The Game (Downpayment)
No Reserve Account Requrired
No Monthly Payments
No Appraisal Required
What is gap funding and why get it
Gap funding or a bridge financing is a short term loan that meets immediate financial needs of our borrowers. It’s mainly used to meet short term cash needs and investments. Business or personal needs that require immediate financing without having to refinance or do anything with your mortgage.
After you prove to us that you are capable of obtaining a personal loan and will be able to pay it out, we never ask what the money is for. Money is yours to invest back in your business, personal life, or use as you want.
Gap funding pre approval can take up to 24 hours when we have all the paperwork necessary. Closing of the loan depends on your ability to provide us the full documentation and then we can get your loan funded within a week.
How to apply
Easily apply by filling in information on the form and uploading all the documents that are required:
REQUIREMENTS:
- 650+ Credit Scores: Must be reporting on all 3 credit bureaus
- 2+ Years of Clean Credit History: No recent late payments, no judgments, collections, or liens. Bankruptcies must be discharged for a minimum of 2 years
- No New Accounts in The Last 6 Months. (Credit Cards, Increasing Credit, Personal Loans, Refinances, Mortgages, etc.)
- 50% or Lower Revolving Debt
- No More Than 6 Inquiries on ALL Credit Bureau in the last 6 Months
- $27,900 Provable Annual Income. If an individual does not qualify for any
Tri-merge credit report
You can sign up for $1 and then cancel your subscription after you pull it not to get charged.
If you prefer sending an email to apply:
underwriting@easylendingusa.com
If you wish to call us before applying to discuss your scenario call us:
(818) 275-6599
With us you are protected!
Bring us your clients and make more!
Brokers, realtors, financial advisors, and anyone else who has a borrower with gap funding needs are welcome to contact us. We are a fair lender and we take care of our referring partners.
Why us?
Over 30 years in the real estate and lending industry. Experience and great work ethics are what puts us on top of our competitors. Our main goal is to close more files and develop a fruitful relationship with our borrowers, brokers, realtors, and investors.
Easy Lending USA
Easy lending is a platform and a part of Commercial Prime Lending, LLC company that provides easy and fast funding.
We have both west and east coast presence and we are a nationwide Gap Lender.
CPL Lending
1341 Rose Circle, Pittsburgh, 15241
NMLS# 1641863