Finding the Right Lender

Financing your purchase can be one of the most frustrating parts of home buying unless you have the right lender.  If you need to get a loan for a purchase, it’s very smart to use a local lender.  They know the market, they know the options and they know what to avoid to get you funded in a timely manner.  In the Palm Springs area especially, if you are thinking of buying a property with an Indian Land Lease, you need a lender familiar with those types of sales.

We also recommend you get pre-approved, not pre-qualified, with a lender if you need a loan to buy the home.  A buyer has 3 days after an offer is accepted to provide the seller a pre-approval letter for the loan.  It generally takes longer than 3 days to get pre-approved so do the work beforehand and have it ready to go when you make the offer.  It’s also a good idea to talk to a lender before you start house hunting.  A lender can tell you how much house you can afford to buy and what your monthly payments will be.

We do not recommend any one person but if you have questions about loans and financing, we suggest starting with the lenders below.  Their websites all have excellent information and if you have more questions, they will be happy to answer them.

Sandy Edelstein, CMG Home Loans
NMLS# 2475202
https://www.homebridge.com/loan-originator/sandy-edelstein/#about
340 S. Farrell Drive, Ste. A 203
Palm Springs, CA 92262
Cell: 310-689-1155
teamsandy@cmghomeloans.com

Kristian Radev, CMG Home Loans
NMLS: 1114814
Cell: 760-799-5351
Fax: 760-299-4538
kradev@cmghomeloans.com
web: www.kristianradev.com

Brad Mullen, Franklin Loan Center
NMLS# 308662
http://www.franklinlc.com/bmullen
44-800 Village Ct
Palm Desert, CA 92260
Phone: 760-969-1046
Cell: 760-238-0599
bmullen@franklinlc.com
CalBRE# 01774271

Todd Walcott, Guaranteed Rate
NMLS# 183784
https://people.rate.com/todd-walcott-183784
1555 S. Palm Canyon Dr. Suite D101, Offices B, E and F
Palm Springs, CA 92264
Direct: 760-808-4500
Office: (310) 421-2677
Fax: (610) 557-7609
Todd.Walcott@rate.com

Diana Gray, American Financial Network Inc.
NMLS# 255575
https://www.afncorp.com/web/dianagray
Direct: 760-285-4449
Efax: (760)826-8084
DGray@afncorp.com

Licensed by the DFPI under the CRMLA

If you have questions about Hard Money Loans, contact Sandra Quinn for more information.