Inherited Property Loans

Losing a family member is difficult, but keeping a home in the family after a loss shouldn’t be.  Westpark Loans has been working with estate attorneys and heirs on inherited property financing since 2007. Whether you need funds for repairs, the buy-out of another heir or a cash-out, Westpark Loans has a solution.

Who Would Benefit from an Inherited Property Loan?

Inherited Property Loans are ideal for someone who has recently inherited a property and needs to refinance the home for repairs, heir buy-out or other cash-out options.

How It Works

Inherited Property Loans can be used for cash-out refinances only.  Cash out can be used for property repairs, buying out other heirs to the property, or other cash-out purposes.

Program Highlights

• Up to 80% loan-to-value (LTV) ratio
• Up to 5-year loan term
• No minimum credit score
• Future value of rental income considered
• Bankruptcy, foreclosure and short sales are acceptable
• Deferred maintenance is acceptable
• Debt consolidation allowed
• Rehab money escrow for future value to sell available
• Refinancing of reverse mortgages available
• Same day approvals and closing within 10 business days from appraisal order

Getting Started

To help you determine if an Inherited Property Loan is right for you, please contact one of our licensed Loan Specialists by calling us directly at 844-574-LOAN (5626), by submitting the form on the right or by completing an application directly on our website.

Schedule a Loan Officer Consultation

To determine the right loan program with you, schedule some time with a loan officer to discuss your options. Call us at 844-574-5626 now or schedule a time to meet with a loan officer.

Call Us 844-574-LOAN (5626)

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