Get a loan even with a less-than-perfect financial past.
If you are ready to start a project, you need access to capital, and you need this capital quickly. At Upstate Bank, we offer a variety of loan programs to meet the different funding needs of investors and our clients. Work with us, and we will help you find the best possible loan program for you.
One of the loan types we offer is known as a Fast 50 loan. If you are an investor and need a low loan-to-value (LTV) ratio loan with better terms than hard money financing, this lending option may be for you. A Fast 50 loan is a great option for buy-and-hold investors who may not have perfect credit. These loans are known for their easy credit qualification, so if you have a recent bankruptcy or a notice of default in your financial history, one of these loans may be a good fit for you.
Derogatory mortgage history is also permitted with a Fast 50 loan, and we will not require you to present any seasoning of ownership. Compared to our FlexTerm program, Our Fast 50 program offers improved pricing, making it an appealing lending solution for many buyers.
We have provided Fast 50 loans to many buyers in Upstate New York. We are known for our efficient application and funding processes and exceptional customer service.
If you are interested in a Fast 50 loan, we want to hear from you. Contact us today to discuss your lending options and start your application.