Taking on a

Private Mortgage?

Explore flexible solutions and personalized attention with our Private Mortgage services. Access funding even with unconventional financial circumstances.

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Simply fill out this quick form and Get your mortgage approved in just 24 hours.

Need a Faster Private Mortgage Approval?

Orange Mortgage specializes in private mortgages, providing a quick and easy alternative for standard bank loans. Rather than focusing on your credit history or income verification, this type of financing emphasizes the equity in your home—up to 90% of its value. For those who don’t meet traditional lending requirements but require faster approval, this is a great option.

When you choose a private mortgage with Orange, you’ll find online applications designed for quick access to the funds you need. These applications focus on securing approval, emphasizing your financial needs over extensive financial scrutiny.

Orange offers private mortgages with online applications that are made to provide you with fast access to the money you require. These applications prioritize approval over a thorough financial analysis, placing a greater value on your quick financial needs.
Our committed mortgage specialists provide a special comprehension of your financial situation. They offer individualized advise and customized solutions that are most appropriate for your situation.
You have the option to choose the lender you want with a private mortgage, so you can make the best financial decisions for you.

When Are Private Mortgage Lenders Best? Private mortgages come to the rescue in various situations:

Your credit history and current credit score is making traditional funding hard to secure.
You need Fast Closing and Waiting for the lengthy approval process from conventional lenders isn’t an option.
You show LOW or NO income.
Fast funds with Low document requirement.
Pay off high interest credit cards and consumer loans to increase cash flow.
Interest only payments to increase cash flow.
You require short-term financing with low conditions, Ideal for Fix and Flips.
Your down payment source isn’t acceptable by conventional banks.
Non-conforming property type for traditional financing.
Private 2nd mortgage or Equity take out without breaking your low rate first mortgage.
No monthly payments required, fully prepaid mortgages.

Interest rates on private mortgages typically range from 4.99% – 12.99%, depending on the borrower’s financial situation and property characteristics. Fees, including setup fees, usually amount to approximately 1% to 3% of the borrowed amount.

One of the significant benefits of private mortgages is the speedy approval process. Expect approval within 2 hours to 48 hours, with funds arriving within two to three weeks.

Private lenders assess:

Income: Private lenders grant approval based on the borrower’s capacity to repay; if the property has a significant amount of equity committed as a guarantee, often no proof of income is needed.

Down Payment: While there are fewer strict requirements regarding proof of down payment, a minimum of 15% down payment is usually needed. You’ll get better terms with a larger down payment because the lender is taking on less risk.

Exit Strategy: What’s your plan to pay the lender back? A clear and well- a defined exit plan will guarantee your approval.

Tips for Approval

To enhance your approval chances:

– Understand your credit rating, as even private lenders check it to determine risk.

– Save for a more substantial down payment to reduce the loan amount and monthly repayments.

– Settle existing debts to improve your debt-to-income ratio.

– Maintain a stable income source to demonstrate your repayment capability.

– Prepare all the necessary documents ahead of time.

Partner with Orange Mortgage

A number financing options are available from Orange Mortgage, each served to your unique circumstances. Whether you’re looking to consolidate debt, become a first-time homeowner, or work for yourself, our main focus is to help you in reaching your objectives.

A Practical Choice

Private lenders are a more accessible option than traditional banks for many. Recent legislation and rising interest rates have made it increasingly challenging for residents to secure mortgages through traditional sources.

What Is A Private Mortgage?

A private mortgage is a one to three-year, interest-only loan that private lenders extend to you based on the equity in your home. The amount that you can borrow will depend on the amount of equity in your home and your personal set of circumstances. The interest rates on private mortgages are higher, but this reflects the greater risk to the lender.

When You Might Need a Private Mortgage

You may benefit from a private mortgage if:

– You have been turned down by a traditional lender.

– You need a short-term loan using the equity on your home.

Orange Mortgage Can Help You To Get Funded!

Orange Mortgage can assist you in customizing a loan with easy repayments and a future exit strategy, regardless of the reason behind the loan.

Reach out to Orange Mortgage Right Now.

Get in contact with Orange Mortgage right now if you need to learn about other financing options or if you’re thinking about obtaining a private mortgage. We are here to offer you advice and assist you in obtaining the funding you need.