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 that you get pre-approved, not pre-qualified, with a lender if you will need a loan to buy the home. A buyer has 3 days after an offer is accepted to provide to the seller a pre-approval letter for the loan. It generally takes longer than 3 days to get pre-approved so do the work before hand and have it ready to go when you make the offer.
It is 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, HomeBridge Financial Services
340 S. Farrell Drive
Ste. A 203
Palm Springs, CA 92262
Branch NMLS #1563600
Brad Mullen, Franklin Loan Center
44-800 Village Ct
Palm Desert, CA 92260
NMLS: 308662 CalBRE: 01774271
Diana Gray, American Financial Network Inc.
47-050 Washington Street, Suite 4101
La Quinta, CA 92253
Scott Simmons – Desert Empire Mortgage
Loan Specialist – Commercial and Residential
1111 East Tahquitz Canyon Way Suite #121
Palm Springs, California 92262
CalBRE # 00909344 NMLS # 244859
Howard Allan Lee Mortgage Lending
PO Box 4034
Palm Springs, CA 92263
NMLS # 236995
If you have questions about Hard Money Loans, contact Sandra Quinn for more information.