Lending Options
At PinDrop, we specialize in connecting buyers with institutional lenders or private funds to meet their financing needs. Whether you're a builder, land developer, land buyer, or seller, we ensure you have access to the best lending options for your specific situation.
Available Loan Options
We specialize in securing unique loan options that many Realtors aren’t even aware of. These include loans based solely on your income or the projected rental income of the property, no-money-down loans, and portfolio loans. If you’re interested in purchasing a manufactured home, we can help you access a $15,000 grant to cover your closing costs and down payment. We also provide access to low down payment loans and can connect you with fix-and-flip financing from trusted institutions. Our offerings include FHA, USDA, and VA loans, and we specialize in private lending as well. Let’s work together to find the loan that’s perfect for you!
For Builders
We provide a comprehensive range of lending solutions for builders. Whether you need financing for land, lots, multiple spec homes, custom homes, multi-family projects, commercial properties, warehouses, or industrial developments, we have the connections to secure the right funding. Beyond connecting you with lenders, we ensure they treat you with the professionalism you deserve, supporting you every step of the way from start to finish. For Builders, Self-Employed, or Remodelers, we can help you secure a loan that isn’t dependent on your income. Instead, it can be based on your net worth or other flexible options.
For Home Buyers and Sellers
We offer a variety of financing solutions, including: Lot Purchases: Construction-to-permanent financing options tailored to your needs. Raw Land: Funding for holding or developing land, regardless of its size. Manufactured Homes: Specialized financing for mobile and modular home purchases. Public-Private Lending Partnerships: Grants of up to $15,000 for down payments, with no repayment required. Even if you don’t live in the U.S. full-time or lack citizenship, we can help secure financing through institutional or private lenders. Additionally, if you have a strong business but limited income, we offer no-income-verification loans to meet your needs.
Navigating the Financing Process
Securing the right financing in a timely manner is crucial to successfully closing a deal. With the rising number of "cash buyers," securing a loan has become even more competitive as to win a contract you must show that you can secure financing. Once you have won the contract to purchase, without expert financing assistance, the deal may fall through before closing.
At PinDrop, we leverage our understanding of the lending process to prevent unnecessary obstacles. We ensure buyers are paired with lenders who won't cause delays or last-minute complications that jeopardize the closing. Picking the right lender and the right loan is one of the most critical aspects of the buying process.
Scrutinizing Lenders
When representing Sellers, we go the extra mile to evaluate the Buyer’s probability of obtaining financing, often refusing offers from buyers working with unreliable lenders. We also thoroughly verify "proof of funds" from cash Buyers to ensure our Sellers face fewer challenges. Each Buyer's financing needs are unique. We collaborate with lenders or match you with our trusted partners who are best suited for your financial situation. Unlike many realtors, we do not receive compensation from any lender, ensuring our guidance is unbiased and transparent. We do not accept any money or other forms of consideration from lenders in exchange for referring clients to them. While this practice is legal, our priority is to connect you with the right lender who specializes in the best products suited to your needs.
Specialized Loan Products
We work with a variety of lenders offering specialized loan products. Below is a short list of some of the types of lenders and loans we can connect you with:
Due to increasingly strict institutional loan requirements, hard money lenders have become a go-to option, particularly for builders. We maintain long-term relationships with over a dozen hard money lenders, each offering different terms and loan sizes ranging from $50,000 to $30 million. These lenders cater to first-time buyers, developers, farmers, remodelers, and entrepreneurs.
A Mortgage Banker typically represents only one lending institution and originates loans with their own funds, providing more consistent underwriting guidelines resulting in less surprises. A Mortgage Broker, on the other hand, shops around for loans from various lenders, which can sometimes introduce unpredictable requirements and delays. We recommend two highly reliable mortgage bankers and one mortgage broker who have proven records of delivering creative and effective loans.
We work with a select few lenders who specialize in financing finished lots, raw land, and/or developmental land. These lenders provide competitive rates and flexible terms that are not typically available through traditional lenders.
Fortunately for you, we can connect you with institutional as well as private lenders. For buyers interested in remodeling and selling, we collaborate with four lenders who offer tailored loans for these types of projects. Whether you need a straightforward mortgage or a more creative financing solution, we have options to support your investment. One of our local institutional lenders will even provide you with the money to do the actual remodeling itself, as well as the money to purchase the property. All of these loans are at very competitive rates.
A Debt Service Coverage Ratio (DSCR) loan is ideal for buyers who may not show substantial income on their tax returns. These loans allow borrowers to qualify based on the projected rental income of the property rather than personal income. If the property has a rental history, we can use that, or we can rely on the projected rental income. This flexibility allows you to switch the property’s use from long-term rental to short-term rental or even rezone it for a higher and better use. If the projected future income is higher than past rental income, we can use whichever amount is greater.
We can connect you with lenders who offer no-income verification loans, which can be especially helpful for entrepreneurs or self-employed individuals. These loans will take into account that you are self-employed but have cash flow even though you might not claim much income on your tax returns.
We work with a variety of lenders who specialize in FHA, VA, USDA Rural Development loan, and other government-backed loans. These options include conventional loans underwritten by Fannie Mae and Freddie Mac. If you and the home both qualify, these are some of the best loans around. In fact, VA loans are assumable so you can sometimes get a really low-interest loan.
Some lenders we work with offer down payment and closing cost assistance for Buyers, which can also be a benefit to Sellers. For example, through the North Carolina Housing Program, Buyers may qualify for up to $15,000 in down payment and closing cost assistance. These loans are often easier to secure than one might think. In a competitive offer situation, we help our Buyer win the contract to purchase. How? This $15,000 grant allows our Buyers to pay the Seller's closing costs. Thereby, having a competitive edge over the other Buyers.
Advocating for You
Once we understand your goals and limitations, we will match you with the right lender and act as your advocate throughout the loan process. We maintain close contact with lenders to ensure that everything is progressing smoothly, increasing the likelihood of winning your offer or closing the deal.
Disclaimer and Disclosure
PinDrop Group LLC is strictly a real estate brokerage and does not act as a lender, mortgage banker, or mortgage broker. We do not hold financial licenses or certifications and only receive compensation as a real estate brokerage. However, with your permission, we will monitor lenders to ensure they act in good faith and in your best interest. You are encouraged to consult with additional qualified lenders, financial experts, attorneys, or CPAs before making any legal or financial commitments.
