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 to 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.
Todd Walcott, Axia Home Loans
NMLS# 183784
https://axiahomeloans.com/toddwalcott/
4-900 Highway 111, Ste 121/122
Indian Wells, CA 92210
Phone: 760-814-8735
Cell: 760-808-4500
Todd.Walcott@axiahomeloans.com
Sean Teague
NMLS# 632938
https://www.franklinloancenter.com/steague.html
Loan Officer – Franklin Loan Center
44-800 Village Court, Palm Desert, CA 92260
760-779-8136 office
760-285-3545 cell
steague@franklinlc.com
CalBRE# 01957722
Diana Gray, American Financial Network Inc.
NMLS# 255575
https://www.afncorp.com/web/dianagray
47-050 Washington Street, Suite 4101
La Quinta, CA 92253
Direct: 760-285-4449
Office: 760-289-4701
Efax: 909-287-7173
DGray@afncorp.com
Scott Simmons – Desert Empire Mortgage
NMLS# 244859
www.DesertEmpireMortgage.com
1111 East Tahquitz Canyon Way Suite #121
Palm Springs, California 92262
Scott@DesertEmpireMortgage.com
Office: 760-327-2254
Cell: 760-831-0044
Sandy Edelstein, HomeBridge Financial Services
NMLS# 1563600
https://www.homebridge.com/loan-originator/sandy-edelstein/#about
340 S. Farrell Drive, Ste. A 203
Palm Springs, CA 92262
Phone: 760-864-1147
Cell: 310-689-1155
sandy@sandyedelstein.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
Licensed by the DFPI under the CRMLA
If you have questions about Hard Money Loans, contact Sandra Quinn for more information.
