If you're buying properties, access to cheap funding is key! That's why you'll love our list of private lenders. Many are lending over $1 million and most are offering incredibly low rates. You won't find this exclusive list of private lenders anywhere else!
Our lender lists includes:
- The lender's name
- A link to email them
- Phone number
- Lowest interest rate they will accept
- Amount of funds ready to lend.
These lenders are members of this website or members of Private Money Goldmine, and they'll likely understand the needs of investors.
Premium Elite members can visit the "Resources" area in their member account. From the drop down menu, choose "Private Lenders", then "Recently Added Private Lenders".
Please note when searching for private lenders:
We strongly recommend that members conduct a check on the lender’s references and credentials. We can provide you with some general information on practices of legitimate lenders, and what red flags you should be alert to. If you would like this information, please let us know. Otherwise, you can do a quick Google search to get helpful information on any lender you choose to work with.
We block anyone who is reported to request confidential personal information or up-front money. Please let us know if you have identified anyone doing so.
Finally, if you are an inexperienced borrower and/or a new investor, you will find that we provide information and training as a membership benefit that may help guide you through the process of obtaining your first privately funded loan. After you watch the training videos, you can also take advantage of the one-on-one consultation with our Private Money Expert! This is key to your success.
Tips to Remember:
- Legitimate lenders will always have legal representation and will adhere to the state laws that govern private lending practices. Any processing fees needed prior to funding a deal you can be done through an escrow account or through a title company in the event the funding is for a property. However, no legitimate lender will ask for upfront funds or fees, for things such as insurance, origination fee, bank wire transfer fees, etc. Origination fees, if any, are deducted from the proceeds of the loan and never paid up-front in cash.
- No legitimate lender will ask for identity information up front. Fraudulent individuals have been known to ask for a copy of your driver's license and social security number. Good lenders will want to know more about why you are needing the money upfront (such as if you need the funds for a property, business loan, etc.) as opposed to wanting to know more about your identity. A smart lender will need financials and will want to review your eligibility to repay at least a certain percentage of the loan.
- If someone asks for a moneygram or wire transfer prior to funding deals FOR ANY REASON, this practice is indicative of a questionable lender. These types of fund transfers are hard to trace and can not be disputed or retracted later in the event that the person is deemed to be a fraud.
Note: Currently, archived lists are not available to purchase at this time.
Disclaimer: MyHouseDeals is not acting as a broker for any funds that you borrow from these private lenders. We are simply providing their information. Any dealings that you may have with these lenders are strictly between you and them. We do not warrant that these lenders are honest, trustworthy, or fair. When they indicated an interest in lending, we simply collected their information. MyHouseDeals.com cannot be held responsible for deals that go sour. Borrow at your own risk!
If a lender requests that you to send them up-front fees before closing for any reason, DO NOT do it.
All fees are deducted from the proceeds of the loan, through an attorney, or title company at closing.